Ex-RBI guv Bimal Jalan to head panel on setting central bank reserves' size

Former RBI governor Bimal Jalan will be the committee's chairman and Rakesh Mohan, a former deputy governor, deputy chairman

The Reserve Bank of India (RBI) has formed a six-member expert committee to study its economic capital framework: a move that could prompt a rethink of what constitutes adequate capital reserves for the central bank.

Former RBI governor Bimal Jalan will be the committee’s chairman and Rakesh Mohan, a former deputy governor, will be the deputy chairman, said the central bank in a statement.

Bharat Doshi and Sudhir Mankad, who are directors in RBI’s central board; NS Vishwanathan, a deputy governor at the central bank, and economic affairs secretary Subhash Chandra Garg are other members of the committee

The committee