RBI approves record ₹2.1 lakh crore surplus transfer to government – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/rbi-approves-record-21-lakh-crore-surplus-transfer-to-government/article68203416.ece

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This significant transfer is expected to reduce the government’s borrowing requirements and positively impact G-Sec yields

The Central Board of Directors of the Reserve Bank of India has approved a bumper transfer of ₹2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.

This is the highest surplus the RBI has transferred to the government so far. This could substantially reduce the government’s borrowing requirement in FY25 via government securities and have a salubrious impact on G-Sec yields.

The transfer bonanza was decided at the today’s 608th meeting of the Central Board of Directors of the Reserve Bank of India in Mumbai.

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