The Reserve Bank's Central Board, at its meeting held today, approved the transfer of surplus profit to the Government of India amounting to Rs. 330.10 billion for the year ended June 30, 2013 as against Rs. 160.10 billion for the year ended June 30, 2012.

Alpana Killawala

Chief General Manager

Transfer of surplus profit: central bank approves remittance of its annual surplus to the government as fiscal receipt. The Reserve Bank's Central Board approved the transfer of surplus profit to the Government of India for the year ended June 30, 2013, reflecting the central bank's appropriation and remittance of net surplus to the sovereign as a fiscal receipt and an exercise of its distribution authority.