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RBI income shoots up by 146.59% to Rs 193,036 crore

Date: 30 August 2019 Tags: Monetary Policy & RBI
  • The RBI’s income for the year 2018-19 vaulted by a whopping 146.59% and the expenditure decreased by 39.72%.
  • This enabled the central bank’s board to transfer a higher amount of Rs 123,414 crore as surplus to the government for the year 2018-19.
  • The jump in the RBI’s income was mainly due to the rise in interest income and other income.
  • Interest income rose from Rs 73,871 crore in 2018 to Rs 106,837 crore in 2019. Other income skyrocketed from Rs 4,410 crore to Rs 86,199 crore during the period.