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        News and Press Release

        RBI transfers surplus profit to Government of India

        August 8, 2013

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        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.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                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.


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