Reserve Bank of India Act, 1934
Section - 47 - Allocation of surplus profits
Allocation of surplus profits.
47. After making provision for bad and doubtful debts, depreciation in assets, contributions to staff and superannuation funds [and for all other matters for which provision is to be made by or under this Act or which] are usually provided for by bankers, the balance of the profits shall be paid to the Central Government.
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