Malegam Committee Current Affairs, GK & News

RBI to pay Rs. 50,000 crore dividend to Government for FY18

The Reserve Bank of India (RBI) has transferred surplus (dividend) of Rs. 50,000 crore to Government for year ended in June 2018, over 63% more than Rs 30,659 crore which it transferred in 2017. Significance of Surplus RBI surplus forms sizeable chunk of revenue which government earns under head of ‘non-tax’, which is mainly dividends ..

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RBI constitutes high level panel on urban cooperative banks (UCB)

The Reserve Bank of India (RBI) has constituted a high-powered panel on urban cooperative banks (UCB). It will be headed by RBI Deputy Governor R Gandhi and comprise of eight member who will be experienced bankers. They will submit its report within three months from the date of its first meeting. This high-powered panel will ..

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