Mumbai, India, May 22, 2026 (AFP) - India central bank to transfer $29.9 billion to government amid war shock

NAMPA / AFP

2026-05-22

India's central bank said Friday it approved a record 2.86 trillion rupee ($29.9 billion) payout to the government to help bolster New Delhi's coffers at a time when public finances are strained due to high global oil prices. The Reserve Bank of India (RBI) said its board had greenlit the "transfer of surplus" after taking into account current macroeconomic factors, its own financial performance and the "maintenance of appropriate risk buffers".......

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