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RBI to transfer highest-ever surplus of Rs 1.76 lakh cr to govt; all you need to know about central bank's excess capital

The Narendra Modi government and the RBI under its previous governor Urjit Patel had been at loggerheads over the optimum level of surplus capital with the central bank.

Subhash Chandra Garg’s exit and Bimal Jalan report: Did dissent on surplus transfer trigger top official’s ouster from FinMin?

The ECF is one issue, but Garg has spearheaded too many controversial battles for the Finance Ministry with the RBI.

Reserve Bank of India needs its current reserves, says Governor Urjit Patel to Parliamentary Panel

Urjit Patel, who appeared before the Parliamentary Standing Committee on Finance on Tuesday to brief on demonetisation and NPA situation in the public sector banks, among other issues

RBI-govt spat: Uneasy calm prevails as both sides seek to cool down temperatures, but rift far from over

At the RBI board meeting on that day, neither side actually blinked on the issue of transferring reserves from the RBI to the government’s accounts

Expert panel to examine Reserve Bank of India's economic capital framework to be formed within a week

The government and the central bank will jointly decide on the members of the panel and the scope of the panel, the RBI said in a statement late on Monday.