RBI is a not-for-profit organization. Yet, it made a profit of nearly 2.2 lakh crore rupees in FY23. How on earth did it achieve this? Through a simple process called Senurich. The RBI prints are creates a bit of money and then uses that to make a whole lot more.
The Reserve Bank of India just released its annual report and in today’s episode for 1st June 2023, we have to explain how the central bank manages its money.