RBI board to meet today; likely to take up Bimal Jalan committee report

Jalan committee has recommended transferring the RBI's surplus reserves to the government in a staggered manner over three-five years.

The RBI board meeting on Monday to finalise its annual accounts, is also likely to take up the Bimal Jalan committee's recommendations on Economic Capital Framework (ECF) along with the dividend payment to the government, sources said.

The committee had submitted its report to the RBI Governor on Friday. The report, which recommends transfer of surplus reserves to the government in a staggered manner over three-five years based on a predetermined formula, may be put on the Reserve Bank of India (RBI) website later for public access.

The RBI follows a July-June financial year and the dividend is usually distributed