FY24 income of RBI has increased 17% to ₹2,75,572.32 crore.
RBI’s FY24 income spending has declined by 56.3% to ₹64,694.33 crore from ₹1,48,037.04 crore in FY23.
RBI’s annual report showed that the size of its balance sheet increased by 11% (₹7,02,946.97 crore) to ₹70,47,703.21 crore from ₹63,44,756.24 crore in FY23.
On the asset side, the increase was because of rise in foreign investments, gold, and loans and advances by 13.9%, 18.26% and 30.05%, respectively.
The increase on liabilities side was because of rise in notes issued, deposits and other liabilities by 3.88%, 27% and 92.57%, respectively.
Domestic assets formed 23.31% in FY24. Foreign currency assets, gold and loans and advances to financial institutions outside India formed 76.69% of total assets in FY24.
₹42,819.91 crore was transferred to the Contingency Fund. No provision was made for Asset Development Fund (ADF).
RBI projected real GDP growth for 2024-25 at 7%, with risks evenly balanced.
