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RBI Board to Meet on May 23 to Decide Transferable Surplus
Business Standard
|May 19, 2025
The board will again meet on May 23 to approve the accounts for FY25 and decide on the transferable surplus, based on the new range, following approval from the Centre.
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The transferable surplus for any year is arrived at on the basis of the ECF adopted by the central bank in 2019, in accordance with recommendations of the expert committee, chaired by former RBI governor Bimal Jalan. The committee recommended that the framework needed to be reviewed every five years.
This story is from the May 19, 2025 edition of Business Standard.
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