Ex-Governor Bimal Jalan to lead RBI's panel on excess reserves
The RBI has appointed former Governor Bimal Jalan as the Chairman of the Economic Capital Framework committee formed to address the issue of RBI reserves. The committee will submit its report within a period of 90 days from the date of its first meeting. The six-member panel also includes RBI Deputy Governor NS Vishwanathan and Economic Affairs Secretary SC Garg.