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RBI transfers ₹1.3 lakh crore to contingency fund in FY23
short by Mansi Agarwal / on Tuesday, 30 May, 2023
RBI transferred ₹1.3 lakh crore towards its contingency fund in FY23, as per its annual report. The net balance in the fund increased to ₹3.51 lakh crore, compared to ₹3.10 lakh crore a year ago. The contingency risk buffer has been maintained at 6% as of March 2023, as against 5.5% in the previous year.
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