The Reserve Bank of India (RBI) on Monday decided to transfer an interim surplus of Rs 28,000 crore to the central government for half-year ended December 31, 2018.
This is the second successive year that the central bank will transfer an interim surplus.
The RBI's Central Board also reviewed the current economic situation, global and domestic challenges and other specific areas of operations of the bank.
RBI Governor Shaktikanta Das chaired the meeting which was attended by Deputy Governors N S Vishwanathan, Viral V Acharya, B P Kanungo and Mahesh Kumar Jain besides Directors of the Central Board Bharat Doshi, Sudhir Mankad, Manish Sabharwal, Prasanna Kumar Mohanty, Dilip S. Shanghvi, Satish Marathe, Swaminathan Gurumurthy, Revathy Iyer and Sachin Chaturvedi.
Government directors Subhash Chandra Garg who is Secretary at the Department of Economic Affairs and Rajiv Kumar who is Secretary at the Department of Financial Services were also present.
Earlier, Union Finance Minister Arun Jaitley addressed the post-Budget meeting of RBI's Central Board. He broadly outlined various reforms and policy measures taken by the government over the past four years.
The meeting was attended by Minister of State for Finance Pratap Shukla, Finance Secretary and Expenditure Secretary Ajay Narayan Jha, Revenue Secretary Ajay Bhushan Pandey and Chief Economic Adviser Krishnamurthy Subramanian.
The meeting in national capital observed two minutes of silence in memory of the security force personnel who laid down their lives in Pulwama.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)