Mumbai, May 23 -- The 616th meeting of the Central Board of Directors of Reserve Bank of India was held today at Mumbai under the Chairmanship of Sanjay Malhotra, Governor of the central bank. The Board reviewed the global and domestic economic scenario, including risks to the outlook. The Board also discussed the working of the Reserve Bank during the year April 2024 - March 2025 and approved the Reserve Bank's Annual Report and Financial Statements for the year 2024-25. The transferable surplus for the year (2024-25) has been arrived at on the basis of the revised Economic Capital Framework (ECF) as approved by the Central Board in its meeting held on May 15, 2025. The revised framework stipulates that the risk provisioning under the Co...