Tag: RBI

RBI to transfer Rs 28,000 crore interim surplus to government

Reserve Bank will transfer an interim dividend of Rs 28,000 crore to the government, a move that will help the Centre keep fiscal deficit in check.RBI has already transferred Rs 40,000 crore in current year (2018-19). Interim dividend is a payment made during the course of a financial year.RBI is a “full service” central bank… Continue reading RBI to transfer Rs 28,000 crore interim surplus to government

Will try to lift more banks from PCA

1.The government said they will try to help lift the restrictions on other public sector banks too after the Reserve Bank of India (RBI) lifted restrictions under prompt corrective action (PCA) on three public sector banks last week. 2.The PCA framework kicks in when banks breach any of the three key regulatory trigger points —… Continue reading Will try to lift more banks from PCA

Govt-RBI call truce after a marathon board meeting

Govt-RBI call truce after a marathon board meeting News: The government and Reserve Bank of India have found a middle ground on the contentious issues between the two in the board meeting held recently. Important Facts: The Reserve Bank and the government have agreed to refer to an expert committee the following issues: The appropriate… Continue reading Govt-RBI call truce after a marathon board meeting

Challenge to the Reserve Bank of India’s reserves

Challenge to the Reserve Bank of India’s reserves News: The Centre is dwelling upon the burgeoning reserves of RBI which the central bank necessitates as an emergency buffer not meant to be shared. Important Facts: The RBI’s reserves are built through transfers from the annual surpluses in the profit and loss account of RBI. The… Continue reading Challenge to the Reserve Bank of India’s reserves

Tussle for power: what’s the RBI-government stand-off?

Tussle for power: what’s the RBI-government stand-off? News: The article discusses about the simmering tensions between the Reserve Bank of India and the Centre which found spectacular release recently through a public speech by Deputy Governor Viral Acharya. Important Facts: A certain amount of creative tension is systemically in-built between Reserve Bank of India and… Continue reading Tussle for power: what’s the RBI-government stand-off?

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