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⚡RBI to Transfer Rs 1.76 Lakh Crore of Surplus Reserves to Centre

By Team Latestly

The transfer of dividends to the Centre is as per the guidelines of the recently constituted Bimal Jalan Committee, which laid out the norms of surplus division between the RBI and the government. Out of the Rs 1.76 lakh crore being transferred to the government, Rs 1.23 trillion is part of the dividend, wheres, Rs 526.4 billion is from the central bank's surplus capital.

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