The Reserve Bank of India (RBI) has set up an expert committee, headed by its former governor Bimal Jalan, to suggest how the central bank should handle its reserves and whether it can transfer its surplus to the government.

The committee will submit its report within 90 days of its first meeting. The expert committee headed by Bimal Jalan will have former RBI deputy governor Rakesh Mohan as its vice chairman. The members of the committee are RBI central board directors Bharat Doshi and Sudhir Mankad, deputy governor N.S. Vishwanathan, and economic affairs secretary Subhash Chandra Garg.