What are RBI’s surplus funds, where do reserves come from?
What are RBI’s surplus funds, where do reserves come from?
https://ift.tt/323lO2a RBI’s income comes mainly through interest on the securities it holds and in 2017-18 the largest component of expenditure was a provision of about Rs 14,200 crore it made to the contingency fund. RBI's surplus represents the amount it transfers to the government. There are two unique features about RBI’s financial statements.
https://ift.tt/eA8V8J from Times of India https://ift.tt/323lO2a
via Blogger https://ift.tt/32ab5TN
August 27, 2019 at 12:11PM
https://ift.tt/323lO2a RBI’s income comes mainly through interest on the securities it holds and in 2017-18 the largest component of expenditure was a provision of about Rs 14,200 crore it made to the contingency fund. RBI's surplus represents the amount it transfers to the government. There are two unique features about RBI’s financial statements.
https://ift.tt/eA8V8J from Times of India https://ift.tt/323lO2a
via Blogger https://ift.tt/32ab5TN
August 27, 2019 at 12:11PM
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