The Reserve Bank of India (RBI) approved transferring Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. This decision was made during the 608th meeting of the Central Board of Directors of the RBI on 22 May 2024 in Mumbai.
- The Board, chaired by RBI Governor Shaktikanta Das, decided to increase the Contingent Risk Buffer (CRB) to 6.50% for FY 2023-24.
- The CRB was previously maintained at 5.50% during 2018-19 to 2021-22 and increased to 6% in 2022-23.
- The meeting was attended by RBI Deputy Governors Dr. Michael Debabrata Patra, Mr. M. Rajeshwar Rao, Mr. T. Rabi Sankar, Mr. Swaminathan J., and other Central Board Directors.
Q. What amount did the Reserve Bank of India (RBI) approve to transfer as surplus to the Central Government for the accounting year 2023-24?
A. Rs 1.5 Lakh crore
B. Rs 1.85 Lakh crore
C. Rs 2.11 Lakh crore
D. Rs 2.82 Lakh crore
Ans : C. Rs 2.11 Lakh crore
