Nation Current Affairs 26 Dec 2018 RBI sets up panel to ...

RBI sets up panel to examine its economic capital framework

REUTERS
Published Dec 26, 2018, 9:28 pm IST
Updated Dec 26, 2018, 9:33 pm IST
Heated discussions over revamping of economic capital framework led to unexpected resignation of RBI Guv Urijit Patel.
This comes after government officials pressured the RBI for weeks to accede to a range of demands, from handing over surplus reserves to the government to easing of lending curbs. (Photo: File)
 This comes after government officials pressured the RBI for weeks to accede to a range of demands, from handing over surplus reserves to the government to easing of lending curbs. (Photo: File)

New Delhi: The Reserve Bank of India (RBI) has set up an expert panel to review its existing economic capital framework that will be headed by its former governor Bimal Jalan, the central bank said on Wednesday.

This comes after government officials pressured the RBI for weeks to accede to a range of demands, from handing over surplus reserves to the government to easing of lending curbs.

 

Heated discussions over the revamping of the economic capital framework led to the unexpected resignation of RBI Governor Urijit Patel earlier this month.

The central bank said in a statement that former RBI Deputy Governor Rakesh Mohan would be the Vice Chairman of the committee, which would also comprise Bharat Doshi, Sudhir Mankad, Subhash Chandra Garg and NS Vishwanathan as members.

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Location: India, Delhi, New Delhi




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