RBI's Balance Sheet scales up 2.5% to Rs.63.45-La-Cr in FY23
RBI's Balance Sheet scales up 2.5% to Rs.63.45-La-Cr in FY23
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As per the Central Bank's annual report, which was released on May 30, the Reserve Bank's balance sheet grew by 2.5% for the year ending on March 31 to around Rs. 63,45 lakh crore due to increasing income.

The RBI's balance sheet, which primarily reflects the actions carried out in pursuit of its currency issuance function as well as monetary policy and reserve management objectives, is crucial to the operation of the nation's economy. According to the report, the size of the balance sheet increased by Rs. 1,54,453.97 crore, or 2.50%, from Rs. 61,90,302.27 crore as of March 31, 2022 to Rs. 63,44,756.24 crore as of March 31, 2023. Despite a 47.06% increase in income for the year, expenses rose by 14.05%. The overall surplus for the year was Rs. 87,416.22 crore as opposed to Rs. 30,307.45 crore the year before, a rise of 188.43%.

The RBI distributes the surplus to the federal government as a dividend.

"The increase on the asset side was due to rise in foreign investments, gold, and loans and advances by 2.31%, 15.30%, and 38.33%, respectively," the RBI stated. The rise in liabilities was brought on by an increase in notes issued, revaluation accounts, and other liabilities, which increased by 7.81%, 20.50%, and 79.07%, respectively.

According to the RBI, as of March 31, 2023, domestic assets made up 27.69% of total assets, while foreign currency assets and gold (including gold deposits and gold held in India) made up 72.31% of total assets, compared to 28.22% and 71.78%, respectively, as of March 31, 2022. A transfer of around Rs. 1.31 lakh crore was made to the contingency fund (CF). Asset Development Fund (ADF) was not given any funding.

In 2022–2023, the Central Bank spent Rs. 4,682.80 crore on the printing of currency notes, somewhat less than the Rs. 4,984.80 crore spent the year before.

The Reserve Bank had 794.63 metric tonnes of gold as of March 31, 2023, up from 760.42 metric tonnes as of March 31, 2022. The accumulation of 34.21 metric tonnes of gold over the year, according to the RBI, is what caused the surge.The value of gold held by the banking department as an asset increased by 17.20% from Rs. 1,96,864.38 crore as of March 31, 2022 to Rs. 2,30,733.95 crore as of March 31, 2023. This includes the value of gold deposits, it said.

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