- The Reserve Bank of India has constituted an Expert Committee to review the extant Economic Capital Framework of the RBI.
- The Chairman of the Expert Committee is Dr. Bimal Jalan (Former Governor of RBI). The commitee has 6 members including the Chairman.
- Other members of the committee are: Dr. Rakesh Mohan (Vice- Chairman); Shri Bharat Doshi; Shri Sudhir Mankad; Shri Subhash Chandra Garg; Shri N.S. Vishwanathan
- In the meeting held on November 19, 2018 between RBI and Central Government it was decided that such a committee would be formed.
- The Expert Committee will submit its report within a period of 90 days from the date of its first
meeting. - The committee would:
- review status, need and justification of various provisions, reserves and buffers
presently provided for by the RBI - review global best practices followed by the central banks in making assessment
and provisions for risks which central bank balance sheets are subject to
- review status, need and justification of various provisions, reserves and buffers
Points to remember:
- Who is the head of the Expert Committee on Economic Capital Framework of RBI?
- Expert Committee on Economic Capital Framework of RBI has how many members?- 6