MARKETS

BSE Prices delayed by 5 minutes... Prices as on Feb 22, 2019 - 9:47AM   ABB India 1248 [ -0.14% ]ACC 1378.8 [ -0.81% ]Ambuja Cements Ltd. 208.55 [ -0.69% ]Asian Paints Ltd. 1397 [ -0.05% ]Axis Bank Ltd. 692.8 [ -0.59% ]Bajaj Auto Ltd. 2825 [ 0.55% ]Bank of Baroda 102.85 [ -0.15% ]Bharti Airtel 311.75 [ 0.50% ]Bharat Heavy Ele 62.9 [ 0.08% ]Bharat Petroleum 341.3 [ 1.88% ]Britannia Ind. 3018.9 [ 0.49% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 539.9 [ -0.59% ]Coal India 214.05 [ 0.16% ]Colgate Palm. 1239.1 [ -0.02% ]Dabur India 426.9 [ 0.06% ]DLF Ltd. 167.2 [ 0.91% ]Dr. Reddy's Labs 2572.3 [ -0.51% ]GAIL (India) Ltd. 328.95 [ -0.84% ]Grasim Inds. 750.5 [ 0.52% ]HCL Technologies 1060.5 [ 0.66% ]HDFC 1883.4 [ -0.43% ]HDFC Bank 2111.05 [ -0.19% ]Hero MotoCorp 2647.2 [ 0.13% ]Hindustan Unilever L 1761.55 [ 0.45% ]Hindalco Indus. 193.75 [ -0.28% ]ICICI Bank 352.55 [ 0.61% ]IDFC L 36.6 [ 1.24% ]Indian Hotels Co 142.15 [ -0.66% ]IndusInd Bank 1480.7 [ 0.62% ]Infosys 732 [ -0.18% ]ITC Ltd. 274 [ -0.33% ]Jindal St & Pwr 153.45 [ -1.22% ]Kotak Mahindra Bank 1246.75 [ -3.27% ]L&T 1268.75 [ -1.05% ]Lupin Ltd. 768.55 [ -0.19% ]Mahi. & Mahi 636.9 [ 0.56% ]Maruti Suzuki India 6852.35 [ 0.82% ]MTNL 13.6 [ -2.09% ]Nestle India 10636.5 [ 0.37% ]NIIT Ltd. 82.35 [ -0.42% ]NMDC Ltd. 95.45 [ 0.16% ]NTPC 135.35 [ -0.92% ]ONGC 147.85 [ 0.58% ]Punj. NationlBak 73.05 [ -0.20% ]Power Grid Corpo 182 [ 0.14% ]Reliance Inds. 1237.05 [ -0.75% ]SBI 268.9 [ 0.50% ]Vedanta 165.6 [ 0.61% ]Shipping Corpn. 35.9 [ 1.41% ]Sun Pharma. 432.2 [ 0.57% ]Tata Chemicals 562.5 [ -0.73% ]Tata Global Beverage 191.5 [ 0.82% ]Tata Motors Ltd. 169.3 [ -0.24% ]Tata Steel 494.95 [ -0.59% ]Tata Power Co. 67.15 [ -0.37% ]Tata Consultancy 1913.45 [ 0.06% ]Tech Mahindra Ltd. 825 [ 0.56% ]UltraTech Cement 3610.45 [ -0.57% ]United Spirits 533 [ -0.49% ]Wipro Ltd 376.45 [ 0.52% ]Zee Entertainment En 443.35 [ -0.72% ]

News Details

You can view in detail.
Finance ministry seeks Rs 27,380 cr from RBI's risks, reserves fund 11/02/2019 16:32

The finance ministry has sought from the Reserve Bank of India (RBI) Rs 27,380 crore that was withheld by the central bank towards risks and reserves in the previous years, said sources.

The RBI had retained Rs 13,190 crore towards risks and reserves during 2016-17. It increased to Rs 14,190 crore in 2017-18. Together, retained amount is Rs 27,380 crore.

The ministry has requested the RBI to provide an interim surplus for the current fiscal on the analogy of the previous financial year and transfer the amount withheld from the surplus of 2016-17 and 2017-18, sources said.

Earlier this month, Economic Affairs Secretary Subhash Chandra Garg had said the government expects Rs 28,000 crore from the RBI as interim dividend during the current fiscal.

The RBI, which follows July-June financial year, has already transferred Rs 40,000 crore in the current fiscal.

If the central board of the RBI approves transfer of Rs 28,000 crore requested by the government as interim dividend for the current fiscal, the total surplus transfer by the central bank would be Rs 68,000 crore in 2018-19.

According to sources, the government expects Rs 69,000 crore dividend in the next financial year.

The government has projected to mobilise Rs 82,911.56 crore as dividend or surplus from the RBI, nationalised banks and financial institutions during 2019-20.

After making provision for bad and doubtful debts, depreciation in assets, contribution to staff and superannuation fund and for all matters for which the provision is to be made by or under the Act or which are usually provided by bankers, the balance of the profits shall be paid to the central government, as per the RBI Act.

LOAD MORE