The Reserve Bank of India - Revision history

Jyoti: /* 2024 25: a record ₹2.7 lakh crore */

2026-06-16T08:06:58Z

‎2024 25: a record ₹2.7 lakh crore

Jyoti: /* 2024 25: a record ₹2.7 lakh crore */

2026-06-16T07:59:10Z

‎2024 25: a record ₹2.7 lakh crore

Jyoti: /* Quantum */

2025-12-25T03:01:29Z

‎Quantum

Jyoti: /* 1999-2021 */

2025-11-01T07:52:21Z

‎1999-2021

Pdewan: /* 1999-2021: India and the world */

2025-10-14T23:29:54Z

‎1999-2021: India and the world

Jyoti: /* Monetary Policy Committee, 2016 */

2025-06-08T19:25:39Z

‎Monetary Policy Committee, 2016

Jyoti: /* Central board of directors */

2025-06-08T19:23:33Z

‎Central board of directors

Jyoti: /* -1935- 2024 */

2025-01-01T19:33:47Z

‎-1935- 2024

Jyoti: /* 1935- 2013: complete list */

2025-01-01T19:28:49Z

‎1935- 2013: complete list

Jyoti: /* 2013-23 */

2024-08-16T20:00:36Z

‎2013-23

@@ Line 156: / Line 156: @@
 =Dividends=
-==2024 25: a record ₹2.7 lakh crore==
+==2024-25: a record ₹2.7 lakh crore==
 [https://epaper.indiatimes.com/article-share?article=24_05_2025_001_009_cap_TOI  May 24, 2025: ''The Times of India'']
 RBI will transfer a record Rs 2.7 lakh crore to govt as a dividend for the current financial year, exceeding last year’s Rs 2.1 lakh crore and the budget estimate. The dividend outflow surpasses the Rs 2.6 lakh crore govt projected to receive from RBI, state-run banks and financial institutions for FY26. It will help bring down rates, with analysts expecting the yield on govt bonds to come down further.
 ==2025-26==

← Older revision		Revision as of 07:59, 16 June 2026
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	RBI will transfer a record Rs 2.7 lakh crore to govt as a dividend for the current financial year, exceeding last year’s Rs 2.1 lakh crore and the budget estimate. The dividend outflow surpasses the Rs 2.6 lakh crore govt projected to receive from RBI, state-run banks and financial institutions for FY26. It will help bring down rates, with analysts expecting the yield on govt bonds to come down further.		RBI will transfer a record Rs 2.7 lakh crore to govt as a dividend for the current financial year, exceeding last year’s Rs 2.1 lakh crore and the budget estimate. The dividend outflow surpasses the Rs 2.6 lakh crore govt projected to receive from RBI, state-run banks and financial institutions for FY26. It will help bring down rates, with analysts expecting the yield on govt bonds to come down further.
		+
		+	==2025-26==
		+	[https://epaper.indiatimes.com/article-share?article=23_05_2026_001_021_cap_TOI May 23, 2026: ''The Times of India'']
		+
		+	Mumbai : The Reserve Bank of India board Friday okayed a dividend of Rs 2.87 lakh crore to govt, 6.7% more than last year’s Rs 2.69 lakh crore, even as it sharply raised transfers to its contingency risk buffer amid a surge in earnings and balance sheet expansion.
		+
		+	The higher dividend came despite a transfer of Rs 1.09 lakh crore to the contingency risk buffer, an increase of 143% from last year’s Rs 44,861 crore, driven by a 26% rise in net income to Rs 3.96 lakh crore. Despite the larger transfer, the ratio of the contingency risk buffer to the RBI’s balance sheet declined to 6.5% from 7% a year ago because the central bank’s balance sheet expanded 20.6% to Rs 91,97,121.08 crore as of March 31, 2026.

	[[Category:Economy-Industry-Resources\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA		[[Category:Economy-Industry-Resources\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA

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 '' The RBI’s Gold reserves, 2014-19 ''
-[[Category:Economy-Industry-Resources|R
+===2024===
-THE RESERVE BANK OF INDIA]]
+[[File: The gold reserves of the central banks of China, France, Germany, Italy, Japan, the Netherlands, Russia, S. Korea, the UK and the USA, presumably as in 2024 or 2025.jpg|The gold reserves of the central banks of China, France, Germany, Italy, Japan, the Netherlands, Russia, S. Korea, the UK and the USA, presumably as in 2024 or 2025 <br/> From: [https://epaper.indiatimes.com/article-share?article=08_12_2025_008_005_cap_TOI  Dec 8, 2025: ''The Times of India'']|frame|500px]]
-[[Category:Government|RTHE RESERVE BANK OF INDIA
-THE RESERVE BANK OF INDIA]]
-[[Category:India|R
-THE RESERVE BANK OF INDIA]]
-[[Category:Name|ALPHABETTHE RESERVE BANK OF INDIA
-THE RESERVE BANK OF INDIA]]
-[[Category:Economy-Industry-Resources|R THE RESERVE BANK OF INDIA
+[[Category:Economy-Industry-Resources|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
-THE RESERVE BANK OF INDIA]]
-[[Category:Government|RTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
-THE RESERVE BANK OF INDIA]]
-[[Category:India|R THE RESERVE BANK OF INDIA
-THE RESERVE BANK OF INDIA]]
-[[Category:Name|ALPHABETTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
-THE RESERVE BANK OF INDIA]]
-[[Category:Pages with broken file links|THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
-THE RESERVE BANK OF INDIA]]
-−
-[[Category:Economy-Industry-Resources|R THE RESERVE BANK OF INDIA
 THE RESERVE BANK OF INDIA]]
-[[Category:Government|RTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
+[[Category:Government|RTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
 THE RESERVE BANK OF INDIA]]
-[[Category:India|R THE RESERVE BANK OF INDIA
+[[Category:India|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
 THE RESERVE BANK OF INDIA]]
-[[Category:Name|ALPHABETTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
+[[Category:Name|ALPHABETTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
 THE RESERVE BANK OF INDIA]]
-[[Category:Pages with broken file links|THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
+[[Category:Pages with broken file links|THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
 THE RESERVE BANK OF INDIA]]

← Older revision		Revision as of 07:52, 1 November 2025
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	'' Largest buyers of gold from 1999 end to 2021 end ''		'' Largest buyers of gold from 1999 end to 2021 end ''
		+
		+	====2024====
		+	[[File: Largest increases in central bank gold reserves, 2024.jpg\| Largest increases in central bank gold reserves, 2024 <br/> From: [https://epaper.indiatimes.com/article-share?article=14_10_2025_017_001_cap_TOI Oct 14, 2025: ''The Times of India'']\|frame\|500px]]
		+
		+	'''See graphic''':
		+
		+	'' Largest increases in central bank gold reserves, 2024 ''

	[[Category:Economy-Industry-Resources\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA		[[Category:Economy-Industry-Resources\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA

@@ Line 790: / Line 790: @@
 =Gold reserves=
 ==Purchases in...==
-===1999-2021: India and the world===
+=== India and the world===
 [[File: Largest buyers of gold from 1999 end to 2021 end.jpg|Largest buyers of gold from 1999 end to 2021 end <br/> From: [https://epaper.timesgroup.com/article-share?article=01_04_2023_023_003_cap_TOI  April 1, 2023: ''The Times of India'']|frame|500px]]
@@ Line 796: / Line 797: @@
 '' Largest buyers of gold from 1999 end to 2021 end ''
 === 2009, 2018===

← Older revision		Revision as of 19:25, 8 June 2025
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	The Committee is to meet four times a year and make public its decisions following each meeting.		The Committee is to meet four times a year and make public its decisions following each meeting.

		+	=Profits=
		+	==Where they come from==
		+	[https://epaper.indiatimes.com/article-share?article=24_05_2025_021_014_cap_TOI Mayur Shetty, May 24, 2025: ''The Times of India'']

		+	[[File: RBI dividend to Government, FY20-FY25.jpg\|RBI dividend to Government, FY20-FY25 <br/> From: [https://epaper.indiatimes.com/article-share?article=24_05_2025_021_014_cap_TOI Mayur Shetty, May 24, 2025: ''The Times of India'']\|frame\|500px]]


		+	''' Is the Reserve Bank of India supposed to make profits? '''

		+	RBI’s main job is not to make profits but to keep the economy stable. Its goal is to make sure that prices of everyday items don’t rise too fast, and that borrowing rates and exchange rates stay steady without wild swings, while still reflecting demand and supply. It also prints money, manages the country’s foreign currency reserves, and handles banking for govt. Some of these activities may earn it extra money, but this surplus is handed over to the govt.

		+	''' If the objective is public good, how does profit emerge as a byproduct? '''

		+	RBI’s goal is public good, not profit, but some of its actions in financial markets — done to maintain stability — can generate income. It holds dollars as a safeguard, and when it sells them during currency volatility, it may profit if the rupee has weakened. It also lends to banks at market rates to manage liquidity and inflation, earning interest in the process. Even printing currency brings income — called seigniorage—since notes cost less to produce than their face value. These operations happen at market rates to avoid distortions and keep the system stable and fair.

		+	''' Can RBI control the level of profits? '''

		+	RBI operates in a “Goldilocks zone,” allowing markets to function freely, while stepping in to curb volatility. Interventions — like selling dollars or managing liquidity — can lead to profits, depending on timing and market movements. As the economy grows, RBI’s balance sheet expands, naturally increasing the scale of its operations and potential income. Profits tend to rise in times of stress in the financial markets, when intervention is high, and fall during stable periods, reflecting its counter-cyclical role.

		+	''' Do other central banks distribute profits? '''

		+	Major central banks like those in the US, China and Japan generate large surpluses, mainly due to size of their balance sheets. As their holdings — such as foreign reserves, govt bonds and loans to banks — increase, so do their interest earnings. The US Fed earns from its vast portfolio of Treasuries, China’s central bank profits from managing the world’s largest forex reserves, and Japan’s from its extensive bond holdings. However, the shareholders include banks and they also get a share of the profits. These surpluses are not intentional profits but arise from large-scale operations, and are usually transferred to their respective govts, much like RBI does.
		+
		+	''' How does RBI decide how much profits to distribute and how much to retain? '''
		+
		+	The Bimal Jalan Committee (2018–19) set a framework for RBI’s surplus distribution, aiming to balance financial stability with fiscal support. It classified economic capital into realised equity (Contingent Risk Buffer/CRB) and volatile revaluation balances. The CRB was set at 5.5–6.5% of the balance sheet, with surplus transfers allowed only if realised equity exceeds this range. Total economic capital was revised to 20.8–25.4%, down from 28.1–29.1%. The entire net income can be transferred only if the CRB threshold is met. Otherwise, risk provisioning takes priority. Reviewed every five years, this framework enabled a record Rs. 2.1 lakh crore transfer in 2023–24 by maintaining the CRB at 5.5%.
		+
		+	''' Why are bond markets rallying because of an expected high dividend? '''
		+
		+	The record revenues through dividend and GST have led markets to believe that there will be a sharp drop in govt borrowing. When govt borrows less, there is more money left for corporate borrowers and interest rates dip. When interest rates dip, existing bonds that offer higher rates get sold at a premium.
		+
		+	''' What is the reason behind record dividend? '''
		+
		+	RBI will transfer a record Rs 2.7 lakh crore to govt as dividend this year, higher than last year’s Rs 2.1 lakh crore and more than budgeted estimate. This extra money comes mainly from higher earnings through foreign exchange sales, returns on overseas assets, and liquidity operations. The surplus is likely much higher, however RBI may have chosen to retain a large share of the surplus, given that it has decided to increase the level of contingency risk buffer to 7.5%.
		+
		+	[[Category:Economy-Industry-Resources\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Government\|RTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:India\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Name\|ALPHABETTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Pages with broken file links\|THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]

	=Policy reviews=		=Policy reviews=

← Older revision		Revision as of 19:23, 8 June 2025
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	According to sources, the powers of the governor are reiterated in the Reserve Bank of India, General Regulations, 1949, which also addresses the issue of conflict of interest between board decisions and individual interests of directors. “You can imagine what would happen if an issue like the February 12 circular on recognition of non-performing assets came up to a board that included owners of highly indebted companies,” a source said.		According to sources, the powers of the governor are reiterated in the Reserve Bank of India, General Regulations, 1949, which also addresses the issue of conflict of interest between board decisions and individual interests of directors. “You can imagine what would happen if an issue like the February 12 circular on recognition of non-performing assets came up to a board that included owners of highly indebted companies,” a source said.
		+
		+	=Dividends=
		+	==2024 25: a record ₹2.7 lakh crore==
		+	[https://epaper.indiatimes.com/article-share?article=24_05_2025_001_009_cap_TOI May 24, 2025: ''The Times of India'']
		+
		+	RBI will transfer a record Rs 2.7 lakh crore to govt as a dividend for the current financial year, exceeding last year’s Rs 2.1 lakh crore and the budget estimate. The dividend outflow surpasses the Rs 2.6 lakh crore govt projected to receive from RBI, state-run banks and financial institutions for FY26. It will help bring down rates, with analysts expecting the yield on govt bonds to come down further.
		+
		+	[[Category:Economy-Industry-Resources\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Government\|RTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:India\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Name\|ALPHABETTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Pages with broken file links\|THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]

	=How other central banks function=		=How other central banks function=

← Older revision		Revision as of 19:33, 1 January 2025
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−	==-1935- 2024==	+	==1935- 2024==
	[[File: Governors of the RBI, 1935- 2024.jpg\| Governors of the RBI, 1935- 2024 <br/> From: [https://epaper.indiatimes.com/article-share?article=10_12_2024_017_001_cap_TOI Dec 10, 2024: ''The Times of India'']\|frame\|500px]]		[[File: Governors of the RBI, 1935- 2024.jpg\| Governors of the RBI, 1935- 2024 <br/> From: [https://epaper.indiatimes.com/article-share?article=10_12_2024_017_001_cap_TOI Dec 10, 2024: ''The Times of India'']\|frame\|500px]]

← Older revision		Revision as of 19:28, 1 January 2025
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	[[File: Rates during the regime of RBI governor Mr. Raghuram Rajan, September 2013-September 2016.jpg\|Rates during the regime of RBI governor Mr. Raghuram Rajan, September 2013-September 2016; Graphic courtesy: [http://epaperbeta.timesofindia.com/Gallery.aspx?id=10_08_2016_027_050_009&type=P&artUrl=Rates-unchanged-but-Rajans-cash-promise-trims-yields-10082016027050&eid=31808 ''The Times of India''], August 10, 2016\|frame\|500px]]		[[File: Rates during the regime of RBI governor Mr. Raghuram Rajan, September 2013-September 2016.jpg\|Rates during the regime of RBI governor Mr. Raghuram Rajan, September 2013-September 2016; Graphic courtesy: [http://epaperbeta.timesofindia.com/Gallery.aspx?id=10_08_2016_027_050_009&type=P&artUrl=Rates-unchanged-but-Rajans-cash-promise-trims-yields-10082016027050&eid=31808 ''The Times of India''], August 10, 2016\|frame\|500px]]
		+
		+
		+	==-1935- 2024==
		+	[[File: Governors of the RBI, 1935- 2024.jpg\| Governors of the RBI, 1935- 2024 <br/> From: [https://epaper.indiatimes.com/article-share?article=10_12_2024_017_001_cap_TOI Dec 10, 2024: ''The Times of India'']\|frame\|500px]]
		+
		+	'''See graphic''':
		+
		+	'' Governors of the RBI, 1935- 2024 ''
		+
		+	[[Category:Economy-Industry-Resources\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Government\|RTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:India\|R THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Name\|ALPHABETTHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]
		+	[[Category:Pages with broken file links\|THE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIATHE RESERVE BANK OF INDIA
		+	THE RESERVE BANK OF INDIA]]

	==Urjit Patel==		==Urjit Patel==