RBI's balance sheet registers by 8.46 pc growth in FY2022

NEW DELHI: As of March 31, 2022, the Reserve Bank of India's (RBI) balance sheet had grown by 8.46 percent, owing to its liquidity and foreign exchange operations over the fiscal year.

According to the RBI's Annual Report for 2021-22, which was released on Friday, although income climbed by 20.14 percent, expenditure increased by 280.13 percent.  The rise in assets was due to an increase in foreign investments, domestic investments, gold, and loans and advances, whereas the rise in liabilities was due to an increase in deposits and notes.

Following the shift from the July-June accounting cycle, FY22 was the first full year of the April-March accounting cycle. In FY21, it switched to a new accounting year, which lasted nine months and ended in March 2021.  According to the report, the fiscal year 2021-22 finished with an overall surplus of Rs 30,307.45 crore, down from Rs 99,122 crore the previous year, a fall of 69.42 percent.

The RBI announced earlier this month that its Board of Governors had authorised the transfer of Rs 30,307 crore in surplus to the Centre as a dividend for the fiscal year FY22, as well as the decision to keep the contingency risk buffer at 5.50 percent. The RBI is required to keep a contingency risk buffer of 5.5-6.5 percent of its balance sheet, according to a framework.

Furthermore, the report stated that the supply of notes in 2021-22 was 222,505 lakh pieces, 0.36 percent less than in 2020-21. The amount spent on banknote printing grew from Rs 4,012.09 crore in 2020-21 to Rs 4,984.80 crore in 2021-22.

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