RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24
Deccan ChronicleIn actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as of March 2023. The central bank's net income stood at Rs 2.11 lakh crore at end-March 2024 after making a provision of Rs 42,819.91 crore, significantly down from Rs 1,30,875.75 crore in the preceding fiscal. Last week, the RBI approved the highest-ever dividend payout of Rs 2.11 lakh crore to the central government for 2023-24. The RBI further said domestic assets constituted 23.31 percent while foreign currency assets, gold, and loans and advances to financial institutions outside India constituted 76.69 percent of total assets as of March 31, 2024, as against 26.08 percent and 73.92 percent, respectively, as on March 31, 2023. The value of gold held as an asset of the Issue Department increased by 16.94 percent from Rs 1,40,765.60 crore as of March 31, 2023, to Rs 1,64,604.91 crore as of March 31, 2024.