RBI says transfer of surplus to govt rose by 63.08% to Rs 50,000 cr during financial year ended June 30, 2018

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Khabarindiaonline:   The Reserve Bank of India in Mumbai today said that transfer of surplus to the government rose by 63.08 per cent to Rs 50,000 crore during the financial year ended June 30, 2018.The last year 2016-17 the transfer of surplus to the Govt was Rs 30,659 crore.

The Report released by RBI said that the rise in increase on the asset side was due to rise in foreign investments ,loans and advances by 11.25 per cent from 33.04 trillion as on June 30,2107.

Domestic assets constituted 23.18 per cent, while the foreign currency assets and gold constituted 76.82 per cent of the total assets as on June 30, 2018, compared with 24.32 per cent and 75.68 per cent, respectively, as on June 30, 2017. ( Source: AIRN ).

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