22
May
The Reserve Bank of India has announced that it will transfer Rs 99,122 crore as surplus to the Centre for the nine months ended March 31, 2021. The central bank, which has followed a July-June accounting year, is transitioning to an April-March accounting year from this fiscal. The surplus is 73.5 per cent higher than the Rs 57,128 crore payout last year. But it works out to an increase of 131.34 per cent over a proportionate payout of Rs 42,846 crore in the nine-month period of the previous year. The amount being transferred is the highest since 2018-19 when the…