RBI to transfer Rs 15K cr profit to govt for FY11

The Reserve Bank of India today said it would transfer Rs 15,009 crore surplus profit to the government for the fiscal ended June, 2011.

The RBI's central board, at its meeting held today, approved the transfer of surplus profit to the Government of India amounting to Rs 15,009 crore for the year ended June 30, 2011 as against Rs 18,759 crore for the year ended June 30, 2010, the central bank said in a statement.

RBI follows financial year which begins in July and ends in June.