To make people more aware about the transfer of ₹1.76L Cr from RBI reserves
Putting here some facts about it
🔹This decision was suggested by a 6 member Panel committee called Jalan Committee as it was called the Expert Committee to Review the RBI's Economic Capital Framework.
Putting here some facts about it
🔹This decision was suggested by a 6 member Panel committee called Jalan Committee as it was called the Expert Committee to Review the RBI's Economic Capital Framework.
🔹RBI has 3 different funds namely -
✅Currency and Gold Revaluation Account (CGRA),
✅The Contingency Fund (CF) and
✅The Asset Development Fund (ADF)
Of which the CGRA is the largest RBI Reserve stood up at 6.91 L Cr, CF at 2.32 L Cr and ADF with smallest fund.
✅Currency and Gold Revaluation Account (CGRA),
✅The Contingency Fund (CF) and
✅The Asset Development Fund (ADF)
Of which the CGRA is the largest RBI Reserve stood up at 6.91 L Cr, CF at 2.32 L Cr and ADF with smallest fund.
RBI basically maintains a Contingent Risk Buffer which mostly comes in the range of 5.5 - 6.5% in case of CF and 20 - 24% in case of CGRA of the RBI’s balance sheet.
At present the latest CF amount was about 6.8% and CGRA was about 23.3% of the RBI balance Sheet.
At present the latest CF amount was about 6.8% and CGRA was about 23.3% of the RBI balance Sheet.
Hence the excess amount Rs. 52.6 K Cr. of CF and ₹ 1.234 L Cr of CGRA sums up to Rs. 1.76 L crore has been transferred to the government only on the reccomendation of the Jalan Committee.
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