The Reserve Bank of India's contingency fund fell to Rs 1.96 lakh crore on June 30, 2019 compared to Rs 2.32 lakh crore on the same date last year, a drop of 15 per cent year-on-year, as per the central bank's annual report.The currency and gold revaluation account also saw a slide from Rs 6.96 lakh crore to Rs 6.64 lakh crore, the report said.The contingency fund fell after the excess payout of Rs 52,000 crore.However as per calculations by experts, the actual gain to the government from the RBI's surplus transfer of Rs 1.76 lakh crore is Rs 58,000 crore.The government has already budgeted Rs 90,000 crore as the dividend for FY20 and Rs 28,000 crore interim dividend has already been paid by the RBI to government in March 2019.
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Watch RBI Annual Report: Central bank's income plunges to Rs 1.93 lakh cr in FY19 With HD Quality.
The Reserve Bank of India's contingency fund fell to Rs 1.96 lakh crore on June 30, 2019 compared to Rs 2.32 lakh crore on the same date last year, a drop of 15 per cent year-on-year, as per the central bank's annual report.The currency and gold revaluation account also saw a slide from Rs 6.96 lakh crore to Rs 6.64 lakh crore, the report said.The contingency fund fell after the excess payout of Rs 52,000 crore.However as per calculations by experts, the actual gain to the government from the RBI's surplus transfer of Rs 1.76 lakh crore is Rs 58,000 crore.The government has already budgeted Rs 90,000 crore as the dividend for FY20 and Rs 28,000 crore interim dividend has already been paid by the RBI to government in March 2019.
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New Delhi: The country's largest lender State Bank of India (SBINSE -1.04 %) on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the last fiscal.As per the assessment done by the RBI, the gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore as against Rs 1,72,750 crore reported by the bank for 2018-19, SBI said in a regulatory filing.
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RBI और मोदी सरकार में फिर ठनेगी! | Jalan Panel Finalises Report On RBI Capital | RBI Latest news
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The Reserve Bank Friday lowered its retail inflation projection for the second half of the current fiscal to 3.9-4.5 per cent mainly because of an unusually benign trend in food prices. Food inflation has remained unusually benign, which imparts a downward bias to its trajectory in the second half of the year, the central bank said in its fourth bi-monthly monetary policy unveiled here. 'Inflation is projected at 4 per cent in second quarter (July-September) 2018-19, 3.9-4.5 per cent in H2 (October-March) and 4.8 per cent in Q1:2019-20 (April-June), with risks somewhat to the upside,' it added. Watch now. (Text: IANS)
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