Govt eyes $12 billion bonanza from RBI
Wednesday, 22 May 2024
The Reserve Bank of India (RBI) provides a yearly payment to the government, sourced from its surplus earnings on investments, changes in valuation of its dollar reserves, and the charges it collects for printing money. The central bank is required to maintain a contingency risk buffer that falls within the range of "5.5% to 6.5% of its balance sheet."
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