The Reserve Bank of India (RBI) panel deciding on norms for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday. As the differences continue among the RBI Economic Framework Capital (ECF) panel members over the distribution of the central bank's surplus reserves, the Bimal Jalan led-committee has sought more time to submit its report, the official source said.
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Watch Consensus eludes Jalan panel on RBI surplus, report delayed With HD Quality.
The Reserve Bank of India (RBI) panel deciding on norms for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday. As the differences continue among the RBI Economic Framework Capital (ECF) panel members over the distribution of the central bank's surplus reserves, the Bimal Jalan led-committee has sought more time to submit its report, the official source said.
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Watch Consensus eludes Jalan panel on RBI surplus, report delayed With HD Quality
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RBI और मोदी सरकार में फिर ठनेगी! | Jalan Panel Finalises Report On RBI Capital | RBI Latest news
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The six-member Bimal Jalan committee - formed December, 2018 to review the economic capital framework (ECF) for the Reserve Bank of India after the finance ministry wanted the central bank to follow global best practices and transfer more surplus to the government, is recommending that surplus reserves held by the RBI be transferred to the government in tranches over three to five years. Watch this video to know more. (Text: PTI/ET Bureau)
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Watch Jalan panel report on surplus RBI reserves 'finalised'; here's what we know | Economic Times With HD Quality
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The Reserve Bank of India (RBI) on Monday accepted Bimal Jalan committee recommendations and approved surplus transfer to the government.RBI board decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at its board meeting.
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Former RBI Governor Bimal Jalan to head six-member panel to decide on appropriate size of reserves to be maintained by RBI: Statement
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