The Reserve Bank on Thursday said its
surplus (profit) for the FY'14 fiscal declined 14.75 per cent
to Rs 52,679 crore as its interest income from investments in
foreign sovereign bonds declined during the year even as its
"The year ended with an overall surplus of Rs 52,679
crore, representing a decrease of 14.75 per cent over the
previous year," the RBI said in its annual report for the
FY'14 fiscal. The central bank follows a July-June fiscal
However, the central bank transfered the entire
surplus to the government, making it the largest ever transfer
The RBI's balance sheet size rose 10 per cent to Rs
26,24,400 crore from Rs 23,90,700 crore in the same period
The increase in the asset side was driven mainly by
expansion in the foreign currency assets (FCAs), impact of
depreciation of the dollar against other major currencies in
which the RBI's FCAs are held and depreciation of the rupee
against the greenback adjusted for fall in the value of gold
reserves on the asset side.
During the year, there was massive fall in the gold
value held by RBI, though there was no change in the volume.
The RBI holds 557.75 tonnes valued at Rs 1,24,002 crore
against Rs 1,28,685 crore.
The increase in the liability side was on account of a
rise in currency in circulation and accretion of the currency
and gold revaluation account (CGRA), the RBI said.
At the end of the year, the domestic assets
constituted 33 per cent of total assets, while foreign assets
constituted the remaining 67 per cent as against 36.2 per cent
and 63.8 per cent, respectively as on June 30, 2013.
During the year, the RBI's gross income decreased by
13.10 per cent to Rs 64,617 crore. Similarly, its total
expenditure fell 4.9 per cent to Rs 11,934 crore from Rs
12,549 crore in the year-ago period.