Mumbai, May 29 -- The Reserve Bank of India's (RBI) balance sheet expanded 20.6% in FY26 on the back of valuation gains from higher gold prices and rupee depreciation, its annual report showed on Friday.

RBI's balance sheet rose by Rs.15.7 trillion to Rs.91.9 trillion as of 31 March. As a share of GDP, the balance sheet increased to 26.4% from 23.7% a year earlier.

The annual report showed that the increase on the assets side of the balance sheet was due to a rise in domestic investments, gold and foreign investments by 44.9%, 63.8% and 7.9%, respectively. On the liabilities side, revaluation accounts, notes issued, and deposits increased by 63.4%, 11.8%, and 11.6%, respectively.

Last week, the central bank announced the transfer of a ...