@article {article1325, title = {Building a framework for RBI surplus transfers}, author = {Ranjit K Pattnaik}, journal = {Foundation of The Billion Press}, date = 2018-12-07, year = 2018, url = https://www.thebillionpress.org/columns/economy/building-framework-rbi-surplus-transfers-1325, Abstract = {The RBI Governor Urjit Patel has reiterated before a Parliamentary panel the central bank’s well-known position that its reserves are "for periods of stress and not for meeting normal needs." A committee is set to go into the issue of an “economic capital framework” (ECF), or the reserves that the RBI must hold but in the interim the debate rages on. } }