Panel to Review RBI’s Economic Capital Framework

The Reserve Bank of India (RBI), in consultation with the government on December 26, 2018 has set up a six-member committee to review the economic capital framework of the central bank.

Composition: Former RBI Governor Bimal Jalan will be the committee’s chairman and former Deputy Governor Rakesh Mohan deputy chairman. The other members are Economic Affairs Secretary Subash Chandra Garg, RBI Deputy Governor N.S. Vishwanathan and two board members of the RBI - Bharat Doshi and Sudhir Mankad.

Term of Reference: The terms of reference of the committee would be to review status, need and justification of various provisions, reserves and buffers ....

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