RBI will transfer surplus amounting to 50000 crore for the year ended June 30, 2018 to the Government of India as divident

RBI announced that the Central Board of Directors of the Reserve Bank of India, at its meeting held on August 8, 2018, approved the transfer of surplus amounting to Rs. 500 billion or Rs.50,000 crore for the year ended June 30, 2018 to the Government of India.

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