Question
The board of the Reserve Bank of India has approved ____
of surplus transfer to the government for 2022-23 and has maintained the contingency risk buffer 50 basis points higher at 6 percent for the year.Solution
The board of the Reserve Bank of India has approved Rs 87,416 crore of surplus transfer to the government for 2022-23 and has maintained the contingency risk buffer 50 basis points higher at 6 per cent for the year.The surplus is almost three times the amount in 2021-22 (Rs 30,307 crore), though the figures are not exactly comparable as 2021-22 was a nine-month accounting year for the RBI.
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