THE RESERVE BANK’S ACCOUNTS FOR 2022-23(RBI)

The balance sheet of the Reserve Bank :-

plays a critical role in the functioning of the 

country’s economy, largely reflecting the activities 

carried out in pursuance of its currency issue 

function as well as monetary policy and reserve 

management objectives. 

XII.2 The key financial results of the Reserve 

Bank’s operations during the year 2022-23 are set 

out in the following paragraphs.

XII.3 The size of the balance sheet increased 

by `1,54,453.97 crore, i.e., 2.50 per cent from 

`61,90,302.27 crore as on March 31, 2022 to 

`63,44,756.24 crore as on March 31, 2023. The 

increase on the asset side was due to rise in foreign 

investments, gold, and loans and advances by 

2.31 per cent, 15.30 per cent and 38.33 per cent, 

respectively. On the liability side, the expansion 

was due to increase in notes issued, revaluation 

accounts and other liabilities by 7.81 per cent, 

20.50 per cent and 79.07 per cent, respectively. 

Domestic assets constituted 27.69 per cent while 

the foreign currency assets and gold (including 

gold deposit and gold held in India) constituted 

72.31 per cent of total assets as on March 31, 

2023 as against 28.22 per cent and 71.78 per 

cent, respectively, as on March 31, 2022.

XII.4 A provision of `1,30,875.75 crore was 

made and transferred to Contingency Fund 

(CF). No provision was made towards Asset 

Development Fund (ADF). Trends in income, 

expenditure, net income and surplus transferred 

to the Central Government are given in Table XII.1.

XII.5 The Independent Auditors’ Report, the 

balance sheet and the Income Statement for the 

year 2022-23 along with schedules, statement of 

Significant Accounting Policies and supporting 

Notes to Accounts are as follows: 

Table XII.1: Trends in Income, Expenditure and Net Income

(Amount in 

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