RBI panel estimates transferable surplus at just Rs 8,000 cr: Report

New Delhi: The panel set up to review the Reserve Bank of India’s economic capital framework estimated the transferable surplus, or the amount the central bank could potentially pass on to the government, at close to Rs 8,000 crore, financial news portal BloombergQuint reported on Tuesday.
The report quoted a person familiar with the matter telling BloombergQuint on condition of anonymity. This finding was part of the initial report of the committee, which is yet to be finalised due to differences between members.
In reaching that conclusion, the panel headed by former RBI Governor Bimal Jalan, considered three different formulae, said another person privy to the panel’s deliberations. After considering those scenarios, the panel settled on a formula which led to a small surplus of around Rs 8,000-8,500 crore, said the first person quoted above.
The panel will now meet on July 17, said the report.
Earlier the, panel chairman Bimal Jalan had told IANS that RBI’s Economic Framework Panel will meet after the middle of this month to finalise and submit the report to RBI “The meeting is most probably in mid-July” Jalan had told IANS to a query if the panel is meeting this month for the final session. He however declined to throw light on the report.