Jalan committee finalises report on RBI reserves; board meet on Aug 23

The Reserve Bank of India’s (RBI’s) central board meeting scheduled to be held on August 23 will likely take up the report of the Bimal Jalan committee, tasked with reviewing the central bank’s economic capital framework.

The six-member expert committee held its last meeting on Wednesday, according to sources, to finalise a “fresh report”, which will be submitted to RBI Governor Shaktikanta Das before the central board meeting later this month, said a committee member, who didn’t wish to be identified.

The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg, who had