THE HINDU RBI has Rs.3 lakh cr in excess reserve


  • Bank of America Merrill Lynch (BofAML) notified the excess reserves that RBI holds could be up to Rs.3 lakh crore ($43 billion) or 1.5% of the GDP (Gross Domestic Product).
  • This also includes the excess capital in contingency reserves and revaluation eserve
  • The BofAML report stated that capping overall reserves at 20% from 25.5% will release Rs. 1.96 lakh crore.
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