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Size of RBI's balance sheet up 6.99% for 9 months to March 2021

The year ended with an overall surplus of Rs 99,122 crore as against Rs 57,127.53 crore in the previous year, representing an increase of 73.51 per cent, as per the RBI's Annual Report for 2020-21.

May 27, 2021 / 10:47 PM IST
RBI | Representative Image.

RBI | Representative Image.

The size of the Reserve Bank's balance sheet, which is reflective of activities carried out by it in pursuance of currency issue function as well as monetary policy and reserve management, has increased by 6.99 per cent during the nine-month period ended March 31, 2021. While income for the year decreased by 10.96 per cent, the expenditure decreased by 63.10 per cent, as per the RBI's Annual Report for 2020-21.

The year ended with an overall surplus of Rs 99,122 crore as against Rs 57,127.53 crore in the previous year, representing an increase of 73.51 per cent, it added. On account of transition to April-March accounting year from July-June accounting period, the RBI has come out with data for nine months for 2020-21 as compared to twelve months for the previous year.

RBI to ensure 'comfortable level' of liquidity in system this fiscal

Earlier this month, the Central Board of Directors of RBI had approved transfer of Rs 99,122 crore surplus to the central government. "The size of the balance sheet increased by Rs 3,72,876.43 crore, i.e., 6.99 per cent from Rs 53,34,792.70 crore as on June 30, 2020 to Rs 57,07,669.13 crore as on March 31, 2021.