Bimal Jalan report may give Govt ₹3 lakh cr for spending: Nomura | Editorji
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Bimal Jalan report may give Govt ₹3 lakh cr for spending: Nomura

Jun 26, 2019 12:40 IST

The Bimal Jalan committee report, which is delayed, will lead to transfer of under Rs 3 lakh crore of excess capital from the Reserve Bank to the government, that's according to a report by Nomura. The money will most likely be used for regular govt spending and will come in over a span of three years. Nomura also said there's a 45 percent probability for the money to be used for regular government spending and only a 20 percent chance that it will be used for bank recapitalisation.

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