Current Affairs   »   RBI increases WMA limits for the...

RBI increases WMA limits for the State Governments/UTs

RBI increases WMA limits for the State Governments/UTs_50.1

The Reserve Bank of India has increased the limit for Way and Means Advances (WMA) for the State Governments/UTs from Rs. 32,225 crore (fixed in February 2016) to Rs. 47,010 crore based on the recommendation of a committee headed by Shri Sudhir Shrivastava. This represents an increase of about 46%.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

RBI has extended the enhanced interim WMA limit of ₹ 51,560 crores (a 60 per cent increase in the current limits allowed by the Reserve Bank during the last fiscal to help states/UTs to tide over the difficulties faced by them during the pandemic) for a further period of six months i.e., from April 1, 2021, up to September 30, 2021.

Find More Banking News Here

RBI increases WMA limits for the State Governments/UTs_60.1

RBI increases WMA limits for the State Governments/UTs_70.1

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *