The Swadeshi Jagran Manch, an influential economic affiliate of the ruling Bharatiya Janata Party (BJP), has said government is the sole owner of the Reserve Bank of India (RBI) profits and surpluses and has hit out at the earlier central bank management for sending out the impression that the centre wanted to snatch the bank's profits.
"Nowhere in the world the central bank keeps the profits with them. Government owns the RBI profit. The whole picture painted by the RBI executives of that time is that the surplus is the property of RBI which the government wants to take away. It was an anti-patriotic picture with imprudent approach. They (the erstwhile RBI managers) also know, as professional bankers, that nowhere in the world the profits are kept with the central bank," Ashiwini Mahajan, the co-convenor of Swadeshi Jagran Manch (SJM), the economic wing of the Rashtriya Swayamsevak Sangh (RSS) told