RBI's annual income rises 13%

Our Bureau Updated - March 12, 2018 at 09:29 PM.

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The Reserve Bank of India's annual income rose 13 per cent in 2010-11 to Rs 37,070 crore, against Rs 32,884 crore in 2009-10. The apex bank's financial year is from July to June.

Income from foreign sources declined 16 per cent to Rs 21,150 crore (Rs 25,103 crore) while income from domestic sources more than doubled to Rs 15,920 crore (Rs 7,782 crore).

Net interest income was up 14 per cent at Rs 36,126 crore (Rs 31,748 crore).

Yield on foreign currency assets was down 35 basis points over the previous year at 1.74 per cent while yield on domestic assets was up 32 basis points at 3.77 per cent over FY10.

Total expenditure was up three per cent over the previous fiscal at Rs 8,655 crore (Rs 8,403 crore) due to a 16 per cent increase in employee cost. Non-establishment costs such as agency charges to primary dealers, security printing charges for cheques and notes dipped two per cent to Rs 6,299 crore (Rs 6,415 crore).

Transfers to contingency reserves and asset development reserves rose 135 per cent and 125 per cent to Rs 12,167 crore and Rs 1,235 crore respectively.

Domestic currency assets increased 38 per cent to Rs 5,35,907 crore while foreign currency assets rose nine per cent to Rs 12,68,744 crore.

Forex reserves were up 10 per cent to Rs 14,12,996 crore while gold holdings saw a 19 per cent increase to Rs 1,10,317 crore.

Special drawing rights saw a nine per cent dip at Rs 20,632 crore while IMF reserves rose 117 per cent to Rs 13,303 crore.

RBI's headcount as on December 31, 2010 decreased five per cent to 19,207 as compared to December 31, 2009.

Published on August 25, 2011 17:06