Experts' Take On RBI's Record Surplus Transfer To Govt
  • WebDesk BTVI
  • Aug 27 2019

The Reserve Bank of India (RBI) has decided to transfer a record Rs 1,23,414 crore of its surplus to the central government for FY19 (July to June), and an additional Rs 52,637 crore of excess provisions as recommended by the Bimal Jalan committee on Economic Capital Framework (ECF). Jamal Mecklai, CEO at Mecklai Financial Services and A Balasubramanian, CEO of Aditya Birla Sun Life AMC, give their views on the same.