RBI Approves Record ₹2.11 Lakh Crore Surplus Transfer to Government
The Reserve Bank of India (RBI) Central Board, meeting in Mumbai this week, approved the transfer of a record ₹2.11 lakh crore surplus to the Government of India for the fiscal year 2023-24. This unprecedented dividend, announced on May 22, represents a significant increase from the ₹87,416 crore transferred in the previous fiscal year, providing…