RBI annual report shows both income and expenditure on the rise
Staff costs and transaction fees drove rise in overall costs in 2015–16
Rising costs at the Reserve Bank of India (RBI) were matched almost exactly by higher income in the 2015–16 period, according to the central bank's latest annual report.
Higher income, driven largely by interest and foreign exchange transactions, balanced against higher staff costs and "agency charges" relating to commission and other transaction fees. Overall, the central bank paid 659 billion rupees ($9.8 billion) to the government – almost exactly in line with the figure from 2014–15.
Despite
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