The Looting of RBI's Contingent Reserves. S. S. Anil, All India President of the Bank Employees Federation of India (BEFI) argues that the record transfer of ₹2.87 lakh crore from the RBI to the Union Government reflects a growing reliance on the central bank's reserves. He contends that the increasing use of contingency funds weakens an important financial safeguard for the country and calls for greater transparency on how these funds are utilized. Read More https://thekanal.in/en-IN/details/the-looting-of-rbis-contingent-reserves-93988 #banking