RBI to transfer surplus profit of $8.62 billion to government

RBI atates that the transfer will take effect on Monday

Mumbai: The Reserve Bank of India said on Sunday its board has approved the transfer of a surplus profit of 526.79 billion rupees ($8.62 billion) to the government for the year ended June 2014.

This compares with a surplus transfer of 330.10 billion rupees last year. The central bank said the transfer will take effect on Monday.

( Source : reuters )
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