 "RBI")
The Reserve Bank of India (RBI) booked massive gains on its foreign currency sales and needed to provide much lesser for its reserves in 2020-21 (FY21), helping it to carve out a significant Rs 99,122-crore dividend for the government, revealed the RBI's annual report for FY21.
By doing so, the central bank’s risk buffers have reduced to the bare minimum, which may restrict some of RBI's scale of operations, and would likely hamper dividend payout for financial year 2021-22, said analysts.
The annual accounts are for nine months ended March 31, 2021 since the RBI changed its accounting
By doing so, the central bank’s risk buffers have reduced to the bare minimum, which may restrict some of RBI's scale of operations, and would likely hamper dividend payout for financial year 2021-22, said analysts.
The annual accounts are for nine months ended March 31, 2021 since the RBI changed its accounting
