Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

RBI panel for third time defers reserves report

RBI

The Bimal Jalan-led committee, which has been formed to look into the size of the capital reserves the Reserve Bank of India (RBI) should hold, has failed to submit its report for the third time because of differences in opinion, officials said.

RBI

Advertisementnbfc 100

The six-member panel, headed by Former RBI Governor Bimal Jalan, was supposed to submit the report in April, delayed it for a third time due to lack of consensus. The committee will be meeting one more time and is expected to finalise the report by the month end.

The panel was set up on December 26, 2018, to review the Economic Capital Framework (ECF) of the RBI after the finance ministry asked the RBI to follow the global best practices and transfer more surplus to the government.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

The central bank has over Rs 9.6 lakh crore surplus capital with it. “The ECF panel will meet one more time and will submit the report by month-end,” an official told reporters.

AdvertisementWorld AI Summit 2026 | Bengaluru

The ECF panel was asked to submit its report to the central bank within the 90 days of their meeting held on January 8. The panel was also given a three -month extension.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

The differences between the government and the central bank over the amount of reserve, the RBI should hold was one of the main reasons for the resignation former RBI governor Urjit Patel.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Federal Bank Appoints Virat Diwanji as Executive Director

Federal Bank has appointed Virat Diwanji as Executive Director, effective October 12, 2026, following approval from the Reserve… Read more →

NETSCOUT Launches nGenius Copilot to Accelerate Network Problem Solving with Conversational AI

October 1, 2026: NETSCOUT, a provider of network observability, AIOps, cybersecurity and DDoS protection solutions, has announced nGenius… Read more →

CUPI Targets Thousands of Businesses as B2B Expense Management Moves Towards Real-Time Payments

Bengaluru, September 30, 2026: CUPI, a digital business expense management platform, is targeting thousands of businesses over the… Read more →

AU Small Finance Bank Crosses 1,000 Microfinance Branches, Reaches 20 Lakh+ Customers

AU Small Finance Bank (AU SFB) has crossed the milestone of 1,000 Microfinance & Financial Inclusion Business (MFIB)… Read more →

Apple Pay Launches in India with Axis Bank Cards, Expands Contactless Payment Options

Apple has launched its Apple Pay payments service in India, allowing users to make contactless payments using compatible… Read more →

Melento Partners with Gnani AI to Bring Voice AI Agents to Global Enterprise Customers

Bengaluru-based enterprise agentic AI company Melento, formerly known as SignDesk, has announced a collaboration with frontier AI company… Read more →