31st May 2024 (14 Topics)
1
May
2
May
3
May
4
May
6
May
7
May
8
May
9
May
10
May
11
May
13
May
14
May
15
May
16
May
17
May
18
May
20
May
21
May
22
May
23
May
24
May
25
May
27
May
28
May
29
May
30
May
31
May
RBI’s Income and Expenditure
Context
The Reserve Bank of India (RBI) announced a record surplus transfer to the government for the fiscal year 2024 (FY24), amounting to Rs 2,10,874 crore. This represents a significant increase compared to the previous year's surplus transfer.
Income and Expenditure Overview
- Income: The RBI's total income saw a notable rise, driven primarily by an increase in interest income from both domestic and foreign sources.
- Interest income includes earnings from rupee securities, liquidity operations, and foreign securities. Despite a decline in other income categories, the overall income growth remained robust.
- Expenditure: A sharp decline in provisions, which are funds set aside for contingencies, significantly reduced the RBI's overall expenditure.
- Other expenses such as the cost of printing notes, agency charges, employee costs, and miscellaneous expenses also saw reductions.
Balance Sheet Highlights
- Asset Growth: The RBI's balance sheet grew due to increases in foreign investments, gold reserves, and loans and advances.
- Increase in Gold Reserves: The RBI's gold reserves grew, with significant additions during the year. The gold is held as backing for notes issued and as an asset of the Banking Department (BD).
- Available Realised Equity: The RBI's realised equity, which includes capital, reserve funds, the Contingency Fund, and the Asset Development Fund, increased as a percentage of the balance sheet, indicating a stronger financial position.
|
Components of Income |
Components of Expenditure |
|
|
Courses
Study
Notes
Home
Resources
More
