New Delhi, June 24 -- The Reserve Bank of India (RBI) panel deciding on norms for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday.
As the differences continue among the RBI Economic Framework Capital (ECF) panel members over the distribution of the central bank's surplus reserves, the Bimal Jalan led-committee has sought more time to submit its report, the official source said here.
The ECF committee chaired by former Reserve Bank of India (RBI) Governor Bimal Jalan will meet again in July after presentation of the full Budget, to finalise its recommendations, according to the sources.
The six-member panel, which was originally supposed to submit its rep...