MUMBAI, – The Indian central bank had a net income of 2.11 trillion rupees ($25.30 billion) in the financial year 2024, up from 874.20 billion rupees in the previous year with a jump in interest income from foreign securities, its annual report released on Thursday showed.
The Reserve Bank of India saw a gain of 836.16 billion rupees from foreign exchange transactions during the year, while interest income from foreign securities rose to 653.28 billion rupees, which allowed it to increase the size of its contingency fund, the report showed.
The RBI’s balance sheet size increased by 11.08% during the financial year to 70.48 trillion rupees.
($1 = 83.4050 Indian rupees) (Reporting by Swati Bhat; Editing by Sohini Goswami)
