RBI's central board approves budget for FY26 at meeting Friday
This story was originally published at 17:56 IST on 21 March 2025
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NEW DELHI – The central board of directors of the Reserve Bank of India met in Thiruvananthapuram, Kerala on Friday where it discussed the regulator's activities during 2024-25 (Apr-Mar) and approved its budget for FY26. The meeting was chaired by Governor Sanjay Malhotra and attended by Deputy Governors M. Rajeshwar Rao, T. Rabi Sankar, Swaminathan J., and other board directors.
"The Board assessed the emerging global and domestic economic landscape, including the evolving geopolitical and financial market developments and associated challenges," the RBI said in a statement.
The RBI's central board will likely meet next in the second half of May when it will approve the annual report for FY25 and the amount to be transferred to the government as surplus for the current accounting year. The surplus amount will take cues from the RBI's ongoing internal review of its economic capital framework. End
Reported by Siddharth Upasani
Edited by Ashish Shirke
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