(PTI)
The Bimal Jalan committee report, which is delayed, will lead to transfer of under Rs 3 lakh crore of excess capital from the Reserve Bank to the government, which will most likely use the money for meeting regular expenses, says a report. The money will come in over three years and is most likely used for regular government spending, Japanese brokerage Nomura said.
The Bimal Jalan committee on the appropriate economic capital framework for RBI was formed last December, and has sought a third extension to present its report which will now be next month.
“Market expectations suggest Rs 3 lakh crore (will be) distributed staggered over years, though we believe the ultimate transfer will be lower,” the brokerage said.
