BANKING

Since 2013-14, the RBI has been paying 99 per cent of its disposable income to the government, which is battling to rein in deficits. In August 2019, RBI's central board gave its nod for transferring to the government a sum of Rs 1,76,051 crore comprising Rs 1,23,414 crore of surplus for 2018-19 and Rs 52,637 crore of excess provisions.

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