INSUBCONTINENT EXCLUSIVE:
recommendations public this month
crore of reserve fund under Section 46
While Section 47 enjoins the RBI to credit its annual surplus to the government, after provisions, it does not place any restriction on
monetise net worth as the creator of money
Monies will be transferred to the government's balances with the RBI
Bank recapitalisation using RBI's excess capital will be liquidity-neutral and the central bank will not have to use its g-sec portfolio
to sterilise liquidity from the system.
