Rbi Surplus Funds

Banks park Rs 8.42 trn of surplus funds with RBI, hinting lending pause

The record amount is a worrying sign for the economy: either there is no demand for credit or banks are scared to lend.

Covid-19 impact: RBI increases centre's WMA limit sharply to Rs 2 trillion

Ways and means advances (WMA) are temporary liquidity line given by the central bank to the government to meet short-term expenditure needs of the government

Top 10 biz headlines: Changes in insolvency law, IndiGo board meet, & more

From changes in insolvency law to Wipro Q1 results, Business Standard brings you the top headlines that made news on Wednesday

Govt may seek another interim dividend from RBI as revenue drops: Report

The fresh call comes just months after the Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government

Subhash Garg explains why RBI's surplus profits belong to the govt

Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India

RBI's future surplus transfers to govt will depend on its net income: FM

Surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said

RBI denies dipping into gold reserves, cites other factors for fluctuations

The central bank's gold reserves is valued at about $27 billion as of October 18, latest data showed

RBI's present fund transfer grossly inadequate, says Piyush Goyal

Does the RBI ever foresee a position where they will intervene and the rupee will ever become Rs 50 to a dollar, said Goyal

RBI has Rs 1.96 trillion as contingency fund after record payout to Govt

The RBI board has decided to transfer the excess reserves to government based on the Bimal Jalan committee report on the appropriate economic capital framework

Utilising RBI's revaluation balances a moral hazard: Bimal Jalan panel

The committee said it will become a precedent for using rupee depreciation to fund fiscal expenditure

Pressure on RBI to transfer reserve endangers economic stability: AIBEA

The association's chief says RBI is now maintain the reserve at the lower band of 5.5% instead of at the higher band of 6.5%, leaving little room for it to meet unforeseen contingencies

Das' capital: Whose money is it anyway?

As a result of this transfer, the RBI's ability to help a set of collapsing banks has come down and the govt's ability to pay its creditors has gone up

RBI balance sheet must be strong, says Bimal Jalan committee report

To maintain resilience, the committee suggested a relatively smaller transfer than what was anticipated.

Govt yet to decide how to use funds, says FM Nirmala Sitharaman

Rahul accused Centre of stealing RBI's funds, Sitharaman, BJP hit back

Explained: What is the fuss all about in RBI's fund transfer to govt?

What is the fuss all about in the Reserve Bank of India's (RBI's) fund transfer to the government? Business Standard explains

RBI transfer: FM protests Rahul's 'band aid for gunshot wound' barb

Rahul Gandhi accuses Centre of stealing from central bank, FM hits back

On RBI, Congress asks Modi govt to learn from Argentina's experience

Reminds PM of the time the Latin American country's govt resorted to raiding the reserves of its central bank, and triggered a collapse of its economy

Can RBI's fund transfer allay fiscal concerns? Here's what you must know

RBI's Rs 1.76 trillion fund transfer is the biggest-ever payout by the central bank. Listen to this podcast to know how the central bank's bonanza is likely to boost Indian economy

Question for Modi govt: How to use $ 24 billion windfall from RBI?

The Finance Ministry is keen to use the transfer to cut its budgeted borrowings, though it's yet to make a final decision on how to spend the amount

RBI approves a record Rs 1.76 trillion surplus transfer to government

The surplus transfer, commonly called as "dividend" to the government, is almost double of the previous record of Rs 65,896 crore