Finance commission to meet RBI governor, bank officials in Mumbai on May 8

Shaktikanta Das

The 15th finance commission chaired by N K Singh will be meeting the governor of Reserve Bank of India’s (RBI) Shaktikanta Das and representatives of banks and financial institutions on a two-day visit to Mumbai from starting May 8.

The commission is expected to have a discussion on issues concerning macroeconomics,  financial capacity, market-driven borrowing cost and debt trajectories of the state,  according to an official statement.

The meeting is expected to be attended by the officials of  Bank of Baroda, State Bank of India, Bank of India, Bank of Maharashtra, Union Bank of India,  Axis Bank, Union Bank of India, HDFC Bank, ICICI Bank, Yes Bank, IndusInd Bank, IDFC First Bank, IDBI Bank and Kotak Mahindra Bank.

With the financial institutions and banks, the commission will discuss on the issues concerning recapitalisation of banks and their impact on the cost of borrowing of the Centre as well as states with RBI, the statement said.

There will also be a discussion on the  Bimal Jalan Committee report as well on surplus capital which is available with RBI for transfer to the government, as per the official statement.

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