June '25 Flashcards
(16 cards)
The Reserve Bank of India’s (RBI) Annual Report 2024-25 has been released and presented to the Central Government under the _______ of the RBI Act, 1934.
- It is a report of the Central Board of Directors on the working of the RBI for the year ended March 31,2025.
- This report presents a complete analysis of the domestic and global environment, the working and operations of the RBI and the future prospects.
Section 53(2)
i. The size of the balance sheet increased by 8.21% from Rs. 70.47 lakh crores as on March 31,2024 to _________ as on March 31,2025. A provision of Rs 44,861.70 crore was made and transferred to the Contingency Fund.
ii. Increase on asset side was due to rise in gold (52.09%), domestic investments (14.32%) and foreign investments (1.70%). On liability side, expansion was due to increase in notes issued, revaluation accounts and others.
iii. The income for the Financial Year (FY) 2025 increased by 22.77% to Rs 3.38 lakh crore from Rs 2.76 lakh crore in 2023-24, recording an overall surplus of Rs.2,68,590.07 crores.
- Also, expenditure has also shown an increasing trend, with an increase of 7.76% to Rs 69,714.02 crore in 2024-25 from Rs 64,694.33 crore in 2023-24.
Rs. 76.25 lakh crores
i. The Currency- Gross Domestic Product (GDP) ratio continued its downward trajectory, declining to ______ in FY25 from 11.7 % in the previous year, reflecting the rising adoption of digital payments and the growing footprint of Central Bank Digital Currency (CBDC).
ii. The growth of the currency in circulation, the major constituent of reserve money with a share of 76.9 per cent, recovered to 5.8 per cent during 2024-25 from 4.1 per cent in 2023-2024. Retail digital payments rose 17.9 per cent in value terms and 35 per cent in volume terms during 2024-25.
- The value of retail CBDC in circulation increased by 334% to Rs. 1016.5 crores during FY25.
iii. The total value of bank notes in circulation stood at Rs. 36.86 lakh crores at the end of FY25, with the value and volume increasing by 6.0 % and 5.6 %, respectively, over the previous years.
- Rs. 500 denomination constituted the highest share in both volume and value terms.
11.2%
i. The outstanding Foreign Portfolio Investment(FPI) in corporate bonds at the end of March 2025 was Rs. 1.21 lakh crore, up _______ from the previous year.
ii. However, the utilisation of the approved limit declined to ______, from 16.2% the previous year, mainly due to a higher overall limit and not due to reduced investment.
11.4% ;
15.8%
The expenditure incurred on currency printing during FY25 was _________ as against Rs. 5,101.4 crore during FY24.
- The main reason for this rise is due to an increase in indent (order) for printing of banknotes
Rs. 6,372.8 crore
i. During FY25, out of the total Fake Indian Currency Notes (FICNs) detected in the banking sector, ______ percent were detected at the RBI.
ii. The number of counterfeit notes in the Rs.200 and Rs.500 denominations increased by 13.9% and 37.3% respectively, while counterfeit notes in other denominations declined.
4.7
i. India’s economic outlook for FY26 remains strong, driven by rising consumption, robust capex, healthy bank and corporate balance sheets, and resilient services.
- However, global trade tensions, geopolitical risks, and market volatility may affect growth and inflation.
ii. Taking into account the above factors, the RBI projected the real GDP growth for FY26 at _____.
6.5%
An above-normal monsoon and high reservoir levels support a positive inflation outlook, though climate shocks and global uncertainties pose risks.
- Due to the above factors the RBI projects inflation at ______in FY26, with balanced risks.
4%
To combat the increasing instances of fraud in digital payments, the RBI proposed to introduce an exclusive internet domain for the banks in India in the form of ________ on February 7, 2025.
- The exclusive internet domains would help identify cybersecurity threats and malicious activities like phishing and would also considerably reduce instances of financial loss to the general public.
‘bank.in’
i. The National Payment Corporation of India (NPCI) introduced _______, which enables primary user to allow another individual (secondary user) to make Unified Payment Interface (UPI) transactions up to a limit from the primary user’s bank account, without the need for the secondary user to have a separate bank account linked to UPI.
ii. RBI recently permitted the Small Finance Banks (SFB) to extend pre-sanctioned credit lines through UPI.
- Through this, now SFB can make available low-ticket, low-tenor products to ‘new-to-credit’ customers.
iii. In order to expand the global outreach of UPI, the RBI has been facilitating the linkage of UPI with the Fast Payment System (FPS) of other countries on a bilateral basis, enabling both inward and outward remittance payments.
‘UPI Circle’
The gross financial savings of households increased to ______ of Gross National Disposable Income (GNDI) in 2023-24 from 10.7 % in the previous year.
- Resultantly, the net household financial savings improved to 5.1 % of GNDI in 2023-24 from 4.9 % in the previous year.
11.2 %
The value of gold held as an asset of the Banking Department increased by _______ to Rs. 4,31,624.80 crore as on March 31, 2025.
- This increase is on account of addition of 54.13 Metric Tonnes (MT) of gold and also due to increase in price of gold and depreciation of INR vis-à-vis USD.
57.12%
During FY25, though the number of fraud cases reported had reduced, the fraud amount involved _______ to Rs. 36,014 crores compared to the previous year.
- This huge increase was mainly due to removal of fraud classification in 122 cases amounting to Rs.18,674 crore reported during previous financial years and reporting afresh during the current financial year after re-examination.
tripled
To expand the reach of FX-Retail platform and enhance user experience, the linking of this platform with _________ operated by the NPCI Bharat Connect shall be facilitated
Bharat Connect
Mumbai (Maharashtra) based Crisil Limited, global rating agency has projected India’s Gross Domestic Product (GDP) growth at _______ for the Financial Year (2025-2026) (FY26), citing improving domestic consumption, supported by healthy agricultural growth, easing inflation, expected rate cuts by the Reserve Bank of India (RBI), and income tax relief announced in Union Budget 2025-26.
6.5%
