The Reserve Bank of India's central board today approved the transfer of surplus profit of Rs 15,011 crore for the year-ended June 30, 2008.
Last year, RBI had transferred Rs 45,719 crore as surplus to the Centre, which included Rs 34,308.60 crore gained from the on sale of State Bank of India shares. Excluding this amount, the transfer of surplus for the year ended June 30, 2007 was Rs 11,411.00 crore.
For 2008-09, the Centre has budgeted for Rs 18,445 crore as surplus from RBI and dividends from public sector banks and financial institutions, compared to Rs 13,728 crore in the revised estimates for 2007-08.
