SME Times News Bureau | 20 May, 2022
The
Reserve Bank of India on Friday said its Board approved the transfer of
Rs 30,307 crore surplus as dividend to the Centre for the accounting
year FY22.
It decided to maintain the contingency risk buffer at 5.50 per cent.
As per a framework, the RBI has to maintain a contingency risk buffer of 5.5-6.5 per cent of its balance sheet.
The
596th meeting of the Central Board of Directors of Reserve Bank of
India was held on Friday at Mumbai under the Chairmanship of Governor
Shaktikanta Das, and reviewed the current economic situation, global and
domestic challenges and the impact of recent geopolitical developments.
It
also discussed the working of the central bank during the year April
2021-March 2022 and approved the Annual Report and accounts of the
Reserve Bank for the accounting year 2021-22.
