Reserve Bank of India Conducts 623rd Meeting of Central Board Of Directors.

Mumbai; May 2026: The 623rd meeting of the Central Board of Directors of Reserve Bank of India was held today (Friday – 22nd May 2026) in Mumbai under the Chairmanship of the Honourable Governor Mr. Sanjay Malhotra.

The Board reviewed the global and domestic economic scenario, including risks to the outlook. The Board deliberated on the annual accounts of the Reserve Bank for the FY 2025-26 ending 31st March 2026.

• The gross income of the Bank increased by 26.42% over the previous year while the expenditure before risk provisions increased by 27.60%.

• The net income, before risk provision and transfer to statutory funds, aggregated Rs. 3,95,972.10 crore in FY 2025-26 as against Rs. 3,13,455.77 crore in FY 2024-25. 

• The Balance Sheet of the Bank expanded by 20.61% to Rs. 91,97,121.08 Crores.

The revised Economic Capital Framework (ECF) provides flexibility to maintain the Contingent Risk Buffer (CRB) between the range of 4.5% and 7.5% of the size of the Balance Sheet. Taking into consideration the current macroeconomic factors, financial performance of the Bank and maintenance of appropriate risk buffers, the Central Board decided to:

• transfer Rs. 1,09,379.64 Crores towards the CRB for FY 2025-26 as against Rs. 44,861.70 crore in the previous year, 

• maintain the CRB at 6.5% of the size of the RBI Balance Sheet.

• The Central Board approved the transfer of surplus of Rs. 2,86,588.46 Crores to the Central Government for the accounting year 2025-26.

Deputy Governors Mr. Swaminathan J., Dr. Poonam Gupta, Mr. Shirish Chandra Murmu, Mr. Rohit Jain and other Directors of the Central Board – Mr. Nagaraju Maddirala, Secretary, Department of Financial Services; Mr. Satish Kashinath Marathe, Mrs. Revathy Iyer, Prof. Sachin Chaturvedi, Mr. Anand Gopal Mahindra, Mr. Venu Srinivasan and Mr. Pankaj Raman Bhai Patel attended the meeting.

Team Maverick.