India central bank to transfer surplus profit of $8.62 bln to govt

MUMBAI Sun Aug 10, 2014 8:12am EDT

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MUMBAI Aug 10 (Reuters) - India's central bank said on Sunday its board has approved the transfer of a surplus profit of 526.79 billion rupees ($8.62 billion) to the government for the year ended June 2014.

This compares with a surplus transfer of 330.10 billion rupees last year. The central bank said the transfer will take effect on Monday. (1 US dollar = 61.1400 Indian rupee) (Reporting by Zeba Siddiqui in Mumbai; Editing by Larry King)