Bimal Jalan to head panel on RBI reserve

Reserve Bank of India has named former Governor Bimal Jalan as the head of the expert panel that will decide on the appropriate size of reserves that the central bank should maintain and the dividend it should give to the government.  

RBI said in a statement yesterday that expert committee has been asked to study global practices and suggest if the central bank



was holding reserves and buffer capital in surplus of the required. It will submit its report in 90 days from the first day of its meeting.

Former secretary Rakesh Mohan has been named the vice chairman. The panel will include Economic Affairs Secretary Subhash Chandra Garg and RBI Deputy Governor NS Vishwanathan.