RBI appoints ex-governor Bimal Jalan to head ECF committee

More than a month after its board decided to constitute an expert panel to decide on the appropriate size of RBI's reserves, the central bank Wednesday constituted a six-member committee headed by former Governor Bimal Jalan with former secretary Rakesh Mohan as the vice chair.

The panel will include Economic Affairs Secretary Subhash Chandra Garg and RBI Deputy Governor N S Vishwanathan, the RBI said in a statement. Bharat Doshi and Sudhir Mankad who are members of the central board of the RBI will be other two members of the expert committee on Economic Capital Framework.