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.
NFO Watch: 5 mutual funds and 2 SIFs open for subscription this week. Check details
ICICI Pru Balanced Hybrid Fund and ICICI Pru Multi-Asset Active FOF will open for subscription on June 30 and close on July 14. The minimum