RBI’s balance sheet grows 2.5 pc to Rs 63.45 lakh crore in FY23

According to the central bank’s annual report released on Tuesday, the RBI’s balance sheet grew by 2.5 percent to around Rs 63.45 lakh crore on higher income in the year ended March 31.

The Reserve Bank’s balance sheet plays an important role in the functioning of the country’s economy, which largely reflects its currency issuance activity and the activities undertaken in terms of monetary policy and reserve management objectives.

“Balance sheet size increased to Rs 1,54,453.97 crore, an increase of 2.50 per cent from Rs 61,90,302.27 crore as on March 31, 2022 to Rs 63,44,756.24 crore as on March 31, 2023,” the report said. said.

Annual income increased by 47.06% while expenditure increased by 14.05%.

Last year Rs. 30,307.45 crore to end at an overall surplus of Rs 87,416.22 crore, resulting in an increase of 188.43 per cent.

The Reserve Bank transfers the surplus to the central government as dividend.

“Assets increased due to increase in foreign investments, gold and loans and advances by 2.31 per cent, 15.30 per cent and 38.33 per cent respectively,” RBI said.

On the liability side, the expansion was due to an increase in notes issued, revaluation accounts and other liabilities by 7.81 per cent, 20.50 per cent and 79.07 per cent respectively.

As on March 31, 2023, domestic assets stood at 27.69 per cent, while foreign currency assets and gold (including gold deposits and gold in India) stood at 72.31 per cent of total assets, up from 28.22 per cent and 71.78 per cent respectively, RBI further said. , as on March 31, 2022.

About Rs 1.31 lakh crore has been allocated and transferred to the Contingency Fund (CF). No provision is made for Asset Development Fund (ADF).

In 2022-23, the central bank will spend Rs. 4,682.80 crore, which was lower than Rs.4,984.80 crore in the previous year.

RBI’s total gold holdings stood at 794.63 MT as on March 31, 2023, as against 760.42 MT as on March 31, 2022.

The RBI said the increase was due to the addition of 34.21 metric tonnes of gold during the year.

The value of gold held as assets by the banking sector (including gold deposits) rose by 17.20 per cent to Rs 2,30,733.95 crore as on March 31, 2023 from Rs 1,96,864.38 crore as on March 31, 2022, RBI said.