 "What is a Bimal Jalan committee?")
Bimal Jalan committee
About Bimal Jalan committee
What is a Bimal Jalan committee?
The Reserve Bank of India (RBI) in November 2018 had constituted a six-member committee, chaired by former governor Dr Bimal Jalan, to review the current economic capital framework (ECF), after the Ministry of Finance asked the central bank to follow global practices.
The ECF is a methodology for determining the right level of risk provisions and profit distribution to be made under Section 47 of the RBI Act, 1934.
What did the Bimal Jalan Committee recommend?
1. According to the Committee, a better distinction between the two components of RBI's economic capital, realised equity and revaluation balances, was needed. The realised equity
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