Mumbai, May 22 -- Reserve Bank of India's Central Board on Friday approved a surplus transfer of Rs 2.87 lakh crore to the Central Government for FY26, up 6.6% from Rs 2.69 lakh crore transferred in FY25.

The decision was taken at the 623rd meeting of the Central Board of Directors of the RBI held in Mumbai under the chairmanship of Governor Sanjay Malhotra.

The board reviewed global and domestic economic conditions, including risks to the outlook, and approved the RBI's annual accounts for FY26.

RBI's gross income rose 26.42% YoY, while expenditure before risk provisions increased 27.60%. Net income before risk provisions and transfer to statutory funds stood at Rs 3.96 lakh crore in FY26 compared with Rs 3.13 lakh crore in FY25.

The...