Big profit for RBI, huge amount in the treasure of the govt | RBI Foreign Currency- Watch Video

05 Jun, 2023

The Reserve Bank of India is not only the bank of the banks of India, but it is also the bank of the Government of India. That's why the government also has a share in the income of the central bank. This year, the government is going to earn a total of Rs 80,000 crore from the central bank, which may be double the government's budget estimate.

Profit from Foreign Exchange 

RBI has earned a lot of profit from foreign exchange transactions this year. Whereas due to the continuous increase in the repo rate, the income of the central bank from the local banks has increased. Therefore, the profit of the central bank has increased, due to which it can give a dividend of about Rs 80,000 crore to the government.

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