Friday, August 10, 2012

RBI's surplus profit transfer to Govt up 7%
The Reserve Bank of India’s transferable surplus to the Government of India increased by 7 per cent to Rs 16,010 crore for the year ended June 30, 2012. 

The central board of the RBI on Thursday approved transfer of surplus profit to the Government. 

The central bank’s surplus profit for the year ended June 30, 2011, was lower by 20 per cent at Rs 15,009 crore, according to an RBI statement.

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