RBI can transfer â¹1-3 lakh crore to government: BofAML
The RBI has "more than adequate" reserves and can transfer â¹1 lakh crore to â¹3 lakh crore to the government, Bank of America Merrill Lynch (BofAML) said. The investment bank estimated surplus funds with the RBI at 0.5-1.6% of the country's GDP. The RBI on November 19 decided to set up an expert panel to examine its economic capital framework.