Mumbai, May 23 -- The Reserve Bank of India's (RBI's) central board has approved a record Rs 2.69 lakh crore surplus transfer to the central government for the fiscal year 2024-25.

A decision in this regard was taken in the 616th Meeting of the Central Board of the Reserve Bank of India on Friday.

This is the highest-ever surplus transfer by the RBI to the government for fiscal 2024-25 (FY25).

The RBI in the financial year ending March 2024 transferred Rs 2.1 lakh crore to the centre.

The RBI said in a statement, "The Board thereafter approved the transfer of Rs 2,68,590.07 crore as surplus to the Central Government for the accounting year 2024-25."

During accounting years 2018-19 to 2021-22, owing to the prevailing macroeconomic con...