Tag: India Economy
BANKING & FINANCE RBI Approves Record ₹2.86 Lakh Cr Surplus Transfer To Central Govt

Reserve Bank of India (RBI) has approved the transfer of a surplus of ₹2,86,588.46 crore to the Central Government for the accounting year 2025-26, marking one of the highest-ever payouts by the central bank. The decision was taken during the 623rd meeting of the Central Board of Directors of the RBI held in Mumbai under […]

CW Bureau · May 22, 2026
BANKING & FINANCE IRFC Signs ₹12,842-Cr Refinancing Pact With Hindustan Urvarak Rasayan

Indian Railway Finance Corporation Ltd (IRFC), a Navratna CPSE under the Railways Ministry, has signed a rupee term loan agreement with Hindustan Urvarak and Rasayan Ltd (HURL) to refinance its existing long-term debt of up to ₹12,842 crore. The agreement marks one of IRFC’s largest refinancing transactions and underscores its evolving role beyond railway financing […]

CW Bureau · Mar 24, 2026