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Bimal Jalan committee suggests RBI pay interim dividend to Union government only under exceptional circumstances
The Bimal Jalan Committee has suggested that the Reserve Bank of India’s (RBI’s) economic capital framework must be periodically reviewed after every five years and its accounting year (July-June) be aligned with the fiscal year that ends on 31 March. The Committee has recommended that the central bank pay interim dividend to the government (a ..
The Reserve Bank of India (RBI) had constituted an Expert Committee to Review the Extant Economic Capital Framework of the Reserve Bank of India. The committee was chaired by Dr Bimal Jalan. The committee has submitted its report. Recommendations of the Committee RBI’s economic capital The Committee called for a clearer distinction between the two ..
Topics: Balance Sheet • Equity • Finance • Financial markets • Financial risk • Money • RBI’s economic capital • Realized Equity • Reserve Bank of India • Risk provisioning for market risk • Surplus Distribution Policy • TARGET2