Who headed the committee to look into the issue of surplus transfer to government?

Q.  Who headed the committee to look into the issue of surplus transfer to government?
- Published on 08 Sep 15

a. B.D. Thakar
b. Omkar Goswami
c. A.C. Shah
d. Y H Malegam

ANSWER: Y H Malegam
 
In early 2014, RBI appointed a committee headed by Y H Malegam to look into the issue of surplus transfer to government. The committee, which submitted its recommendations only recently, said the contingency and asset development reserves are at adequate level and RBI for the next three years, starting from this fiscal should transfer its entire surplus earned in the previous accounting year, to the government.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲