RBI balance sheet up 12.3% at Rs 32.43 lakh cr in 2015-16

Mumbai: The Reserve Bank of India today said its balance sheet rose by 12.3 percent to Rs 32,43,011 crore for the year ended June 30. During the similar period ended last year, its balance sheet was at Rs 28,89,152 crore. [caption id=“attachment_2944148” align=“alignleft” width=“380”]  Reuters[/caption] “The increase on the asset side was due to increase in foreign investments and domestic investments by 7.98 percent and 35.64 percent, respectively, and on the liability side due to increase in notes in circulation and other liabilities and provisions by 15.92 percent and 14.77 perdocent, respectively,” RBI said in its annual report for 2015-16 released on Monday. During the period, domestic assets constituted 24.59 percent while the foreign currency assets and gold (including gold held in the country) constituted 75.41 percent of total assets as against 21.86 percent and 78.14 percent, respectively, as on June 30, 2015. It said, while income for the year 2015-16 increased marginally by 2.04 percent, expenditure increased by 12.23 percent primarily due to provision made for reimbursing service tax on agency commission paid to agency banks. The bank transferred an overall surplus of Rs 65,876 crore during the year as against Rs 65,896 crore in 2014-15, representing a marginal decline of 0.03 percent. It did not transfer any amount to Contingency Fund (CF). A provision of Rs 1,000 crore was made for additional capital contribution in Bharatiya Reserve Bank Note Mudran (BRBNMPL) and transferred to Asset Development Fund (ADF).