SWFI’s Top 100 Largest Central Bank Rankings by Total Assets 2024: RBI Ranked 12 Globally

Current Context: The Reserve Bank of India (RBI) has been ranked 12th globally in the Sovereign Wealth Fund Institute’s (SWFI) Top 100 Largest Central Bank Rankings by Total Assets for 2024, announced on August 1st, 2024.

• This ranking highlights the RBI’s significant growth, with its balance sheet increasing by 11.08% year-on-year to reach ₹70.47 trillion as of March 31, 2024.
• The Federal Reserve of the United States holds the top position in this ranking, with assets totaling over $8 trillion.
• This achievement underscores the RBI’s strong position among the world’s largest central banks.

Question:

1 What is the ranking of the Reserve Bank of India (RBI) in the Sovereign Wealth Fund Institute’s (SWFI) Top 100 Largest Central Bank Rankings by Total Assets for 2024?

• A) 1st
• B) 5th
• C) 12th
• D) 20th

Answer: C) The Reserve Bank of India (RBI) has been ranked 12th globally in the Sovereign Wealth Fund Institute’s (SWFI) Top 100 Largest Central Bank Rankings by Total Assets for 2024, announced on August 1st, 2024.