RBI’s income plummets on low returns


The Reserve Bank of India's (RBI) income for 2009-10 fell nearly 46% compared with the previous year as a rates of return on assets fell and net interest payments increased, the central bank's Annual Report, released Tuesday, showed.

The central bank's income from its foreign currency assets and gold fell 50.58%, from Rs.507.96 billion ($10.81 billion) in 2008-9 to Rs.251 billion last year, its accounts revealed. "This was due to lower yield on foreign securities and lower interest received on b

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: