Holi Offer - Use Code HOLI24

Register Now

Surplus Transfer of Rs 57,128 crore to Central Govt

Published on August 16, 2020
Current Context: Reserve Bank of India has given approval to transfer dividend of Rs 57,128 crore to the central government.
Surplus Transfer of Rs 57,128 crore to Central Govt
  • The approval is given with an aim for the accounting year 2019-2020 sharply lower by 67.5% with respect to Rs 1.76 lakh last year. And to maintain Contingency Risk Buffer at 5.5%.
  • The transfer of funds is done under the chairmanship of RBI Governor, Shaktikanta Das.
  • This transfer of dividend amount to central government will allow to tackle fiscal deficit and recapitalize public sector during this pandemic state of COVID-19. 
  • The amount is transferred as per the Economic Capital Framework (ECF) which was adopted by RBI last year. As per ECF norms, the contingency risk buffer (CRB) has to be maintained at 5.5-6.5 % of the balance sheet. Therefore, RBI board decided to maintain the buffer at 5.5 % this year.
  • Also, RBI has decided to establish Innovation Hub. 
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu