RBI is setting aside more money for rainy day, payout drops - Economic Times

While income for 2021-22 increased by 20%, expenditure rose by 280%, which resulted in the overall surplus transferred to the government decreasing 69% to ₹30,307.45 crore from ₹99,122 crore in 2020-21.

The surplus that the Reserve Bank of India transferred to the government in the last fiscal year fell sharply mainly due to a jump in expenditure, which was led by interest payments to banks on their… [+2840 chars]

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