The Reserve Bank of India’s surplus transfer to the government for the last fiscal year is projected to reach ₹3 lakh crore, exceeding earlier estimates. This surge is attributed to robust dollar sales, increased foreign exchange gains, and higher interest income. The substantial dividend could help the Centre reduce its fiscal deficit and inject liquidity into the banking system.
Shri Hare-Krishna Sponge Iron IPO opens for subscription. All you need to know before subscribing
Shri Hare-Krishna Sponge Iron Ltd’s IPO, a fresh issue of 50.70 lakh shares priced between Rs 56 and Rs 59, opens on June 24, 2025,