Govt asks for â¹3.6 lakh crore from RBI, bank refuses: Report
The Finance Ministry wants the RBI to transfer a surplus of â¹3.6 lakh crore, over a third of the total â¹9.59 lakh crore reserves of the central bank, to the government, reports said. The Ministry suggested that the surplus can be managed jointly by both the RBI and the government. The RBI has not accepted the proposed changes, reports added.