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.
Earlier this month, the Central Board of Directors of RBI had approved transfer of Rs 99,122 crore surplus to the central Government.