Jalan panel finalises report on RBI capital; recommends surplus transfer to govt in 3-5 years

A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, Wednesday finalised its report. The six-member Jalan panel was appointed on December 26, 2018, to review the Economic Capital Framework for the RBI.

The panel has finalised its report and no further meeting will take place, sources said after the meeting concluded here. RBI should transfer its surplus cash to the government over the next three-five year period, RBI-appointed Jalan Committee is believed to have recommended in its report.