Current Affair!RBI has Rs.3 lakh cr in excess reserve Bank of America Merrill Lynch (BofAML)notified the excess reserves that RBI holds could be up to Rs.3 lakh crore ($43 billion) or 1.5% of the GDP (Gross Domestic Product).This also includes the excess capital in contingency reserves and revaluation reserves.The BofAML report stated that capping overall reserves at 20% from 25.5% will release Rs. 1.96 lakh crore. - Study24x7
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Priya Sharma
27 Apr 2019 02:57 PM study24x7 study24x7

Current Affair!

RBI has Rs.3 lakh cr in excess reserve Bank of America Merrill Lynch (BofAML)
notified the excess reserves that ...

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