India, May 22 -- The Reserve Bank of India (RBI) on Friday approved a record surplus transfer of Rs 2.87 lakh crore to the Central government for FY26, supported by strong growth in its balance sheet and income.

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

The Central Board reviewed the domestic and global economic environment, including risks to the economic outlook, and approved the central bank's annual accounts for FY2025-26.

According to RBI, its balance sheet expanded 20.61 per cent to Rs 91.97 lakh crore as of March 31, 2026.

The central bank reported a 26.42 per cent increase in gross income during FY26, while expenditur...