Money & Banking

RBI’s total assets up 12.25%

Raghavendra Rao K Mumbai | Updated on January 17, 2018

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While income grew by a marginal 2%, expenditure rose 12.2%

The RBI saw a 12.25 per cent increase in its total assets (balance sheet size) year-on-year to ₹32,43,011 crore .

The balance sheet of the RBI reflects its activities related to its currency issue function, besides monetary policy and reserve management objectives.

The increase on the asset side was due to a rise in foreign investments and domestic investments by 7.98 per cent and 35.64 per cent, respectively.

The liability side increased mainly due to notes in circulation and ‘other liabilities and provisions’ by 15.92 per cent and 14.77 per cent, respectively.

As on June 30, 2016, domestic assets constituted 24.59 per cent while foreign currency assets and gold (including gold held in India) constituted 75.41 per cent of total assets.

In the year-ago period, domestic assets constituted 21.86 per cent, while foreign assets stood at 78.14 per cent of the total balance sheet size.

Income statement

Income increased marginally by 2.04 per cent y-o-y to ₹80,870 crore.

The central bank’s expenditure rose 12.23 per cent y-o-y to ₹14,990 crore mainly due to provision made for reimbursing service tax on commission paid to agency banks.

The RBI transferred its entire surplus of ₹65,876 crore (₹65,896 crore in FY15) to the government — a marginal decline of 0.03 per cent.

No transfers were made to the Contingency Fund. A provision of ₹1,000 crore was made for additional capital contribution in Bharatiya Reserve Bank Note Mudran Pvt. Ltd and transferred to the Asset Development Fund.

Published on August 29, 2016

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