Quick Summary
The 608thmeeting of the Central Board of Directors of Reserve Bank of India was held at Mumbai under the Chairmanship of Shri Shaktikanta Das, Governor. The Board reviewed the global and domestic economic scenario, including risks to the outlook. The Board also discussed the working of the Reserve Bank during the year April 2023 - March 2024 and approved the Reserve Banks Annual Report and Financial Statements for the year 2023-24. The transferable surplus for the year (2023-24) has been arri
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FAQ :
The Reserve Bank of India has approved the transfer of £2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
The 608th meeting of the Central Board of Directors of the Reserve Bank of India was held recently.
The transferable surplus is calculated based on the Economic Capital Framework (ECF) adopted by the Reserve Bank on August 26, 2019.
For FY 2023-24, the Contingent Risk Buffer (CRB) has been increased to 6.50 per cent.
The meeting was chaired by Shri Shaktikanta Das, Governor of the Reserve Bank of India.
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