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RBI Panel Defers Reserves Report For Third Time

Bengaluru: 

A Reserve Financial institution of India panel deciding on pointers for switch of the central financial institution’s surplus funds to the federal government delayed submitting its report on Wednesday, as a result of a distinction of opinion, officers stated.

The six-member panel, headed by Former RBI Governor Bimal Jalan, which was initially alleged to submit the report in April, delayed it for a 3rd time as a result of lack of consensus.
 

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