RBI releases Report of the Committee on Financial Benchmarks

The Reserve Bank of India has, today, placed on its website, the Report of the Committee on Financial Benchmarks. It may be recalled that the Reserve Bank had announced the constitution of the Committee on Financial Benchmarks (Chairman: Shri P. Vijaya Bhaskar, Executive Director) on June 28, 2013 with a mandate to study various issues relating to financial benchmarks in India and to submit the Report by December 31, 2013. The Draft Report of the Committee was placed on RBI website on January 3, 2014 for public comments. The Committee has finalised its report after taking into account the feedback received from market participants and other stakeholders.

Ajit Prasad

Assistant General Manager