05 Septmeber 2015
RBI crisis fund short of target – (Economics) Contingency funds with the Reserve Bank of India (RBI), used in case of unforeseen shocks, have fallen to 8.4 per cent of total assets, against a target of 12 per cent, as shown in its Annual Report for 2014-15 released on August 27. For the last two years, the RBI has made no transfers to its Contingency Fund or its AsRead More…
