RBI profits fall on low return from foreign assets

reserve-bank-of-india-pic-2

The Reserve Bank of India on Friday reported a Rs150 billion ($3.25 billion) profit for the year ending June 30, 2011, down from Rs187.6 billion the previous year.

The entire profit was transferred to the government.

In its Annual Report, the central bank said the decline in profits reflected low interest rates in international markets, which had led to a 15.8% decline in income from foreign assets to Rs211.5 billion. Foreign currency assets comprise foreign securities and balances held abroad.

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: