ISAS Briefs

There has been significant debate surrounding the decision of the Reserve Bank of India Board to constitute a panel to determine the reserves that the bank maintains and to decide on a suitable profit distribution policy. The panel has been formed. It is very well constituted with a balanced representation. It is hoped that the panel will take a long-term view and decide the parameters which will serve as guidance for the future. This paper analyses the issues that it will have to address.