RBI to transfer Rs 30K cr surplus to govt for FY22; lowest amount in 8 yrs

Last year, the transfer of Rs 99,126 crore was for a nine-month period ended March 2021

The Reserve Bank of India (RBI) will transfer Rs 30,307 crore as surplus to the government for 2021-22, the central bank said in a statement following its board meeting on Friday. The decision was taken after deciding to maintain the contingency risk buffer at 5.50 per cent of its balance sheet.

According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.

This year’s transfer is sharply lower than what the central bank had did in the previous financial year — Rs 99,126 crore.

The central bank had infused huge