Surplus Cash

Govt proposes to give brokers more freedom to invest surplus cash

Amendment to SCRA to allow brokers venture into other businesses as long as client funds are protected

Perils of keeping surplus money in bank accounts

Keeping surplus money in the bank account has become risky. Bank employees sometimes target such money to mis-sell products

RBI approves Rs 87,416-crore surplus transfer to govt for 2022-23

Contingency risk buffer increases to 6% from 5.5% in FY22

Japan's current account surplus drops 50% to lowest in 8 years in 2022

Japan's current account surplus logged in 2022 was almost 50 per cent lower than the previous year, marking its lowest level in eight years, owing to a record trade deficit.

ESIC approves proposal to invest surplus funds in stock market through ETFs

Government's social security body Employees' State Insurance Corporation (ESIC) on Sunday approved a proposal to invest its surplus funds in the stock market through exchange traded funds (ETFs). The decision was taken in the 189th meeting of ESIC held on Sunday at ESIC headquarters under the chairmanship of Union labour minister Bhupender Yadav, a labour ministry statement said. Due to relatively low returns on investments in various debt instruments coupled with the need to diversify investment, ESIC gave its approval for investments of surplus funds in equities restricted to ETFs. The investment will start with 5 per cent of surplus funds and will increase up to 15 per cent, based on the review of the investment after two quarters, it stated. The investment will be confined to Exchanged Traded Funds on Nifty and Sensex. It will be managed by fund managers of asset management companies (AMSs), the statement said. Equity investments will be monitored by the existing custodian, ..

RBI's liquidity infusion largest since April 2019 as surplus cash dries up

Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts

RBI's surplus funds can be used for road projects, says Nitin Gadkari

Addressing a virtual CII meet, Gadkari said that the National Highways Authority of India should also have a financial arm such as the Power Finance Corporation

Higher surplus transfer to govt happened due to lower provisioning: RBI

The higher surplus transfer by the central bank came in as a big relief for the government

Accounting gains

RBI's higher surplus transfer has limits

RBI balance sheet expands by 30 per cent in FY20 to Rs 533.27 trillion

On June 30, 2019 (FY19), the size of the bank's balance sheet was Rs 410.29 trillion

Sebi, government in talks for transfer of surplus funds

Extra funds with regulatory bodies have been a contentious issue for years

Finance ministry calls banks to discuss new facility to absorb cash

Banks have seen a surge in cash deposits ever since demonetisation