NEW DELHI: The Reserve Bank of India's Board of Governors approved the transfer of a Rs 30,307 crore surplus to the Centre as a dividend for the fiscal year FY22 on Friday.
It was decided that the contingency risk buffer would remain at 5.50 percent.
The RBI is required to keep a contingency risk buffer of 5.5-6.5 percent of its balance sheet under a framework. Governor Shaktikanta Das presided over the 596th meeting of the Reserve Bank of India's Central Board of Directors, which evaluated the present economic condition, global and domestic challenges, and the impact of recent geopolitical developments.
It also examined the central bank's operations from April 2021 to March 2022, and approved the Reserve Bank's Annual Report and accounts for the fiscal year 2021-22.
RBI's criticism for 'delayed' rate hike unpleasant: Ex-Guv D Subbarao
RBI turns net seller of USD20 billion in Forex mart in March