According to the annual report of RBI, a provision of INR 1.15 lakh Cr was made towards the contingency fund in FY22 compared to INR 20,710 Cr in FY21 because its investment in foreign securities took a shock on the account of an increase in interest rates globally.
Vinidhan - The Student Investment Fund presents - The Weekly Wrap (29th May 2022)
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Weekly Wrap_May 29 2022.pdf
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