Consensus eludes RBI-appointed Jalan panel on economic capital framework

One of the key mandates of the committee was to determine the level of surplus that the RBI should hold

The Reserve Bank of India (RBI)-appointed committee to review the economic capital framework of the central bank failed to arrive at a consensus during a meeting held here on Wednesday, leading to a delay in finalising its report, a top official said.

The six-member committee headed by former RBI governor Bimal Jalan decided to meet once again before submitting its report by the end of this month.

“There may be differences of opinion (among the panel members), but that’s being discussed,” an official aware of the development said, requesting anonymity.

The committee, formed in December 2018, was supposed to submit