MUMBAI (Reuters) -The board of the Reserve Bank of India met on Thursday to review its Economic Capital Framework, which determines the risk buffer it maintains and impacts the amount of surplus it transfers to the government, the central bank said in a statement.
According to the previous framework, which was due for a review this year, the RBI was required to maintain a risk buffer of between 5.5%-6.5% of its balance sheet.
The RBI statement did not say whether the review meant a change in the framework.
Economists are expecting the central bank to transfer a record surplus to the government this year.
The surplus is expected to be between 2.6 trillion rupees and 3 trillion rupees ($30.4 billion to $35.1 billion), IDFC First Bank economists said in a report earlier this month.
Last year, the RBI transferred 2.1 trillion rupees in surplus. ($1 = 85.5010 Indian rupees)
(Reporting by Ira Dugal)
