Jalan Committee to identify ₹1-3 lakh crore of excess RBI capital, says BofAML
- BofAML welcomed the use of excess RBI capital to recapitalize PSU banks to support recovery
- RBI's ECF committee was expected to submit its report within 90 days from the date of its first meeting
MUMBAI : Mumbai: The Bimal Jalan Committee is expected to identify between ₹1-3 lakh crore or 0.5-1.5% of the gross domestic product (GDP) as excess RBI capital, depending on the methodology, said a report by Bank of America Merrill Lynch (BofAML).
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