RBI won’t trans­fer past re­serves for now

The Times of India (Mumbai edition) - - FRONT PAGE -

The de­mand to trans­fer cap­i­tal sur­plus was made by the gov­ern­ment af­ter its at­tempts to get RBI to part with what was de­scribed “ex­cess re­serves” was turned down and the is­sue of cap­i­tal frame­work was re­ferred to a com­mit­tee un­der Bi­mal Jalan. The gov­ern­ment had ar­gued that the cen­tral bank had more re­serves than many of its peers.

Shak­tikanta Das, RBI guv

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