The committee of the central bank (CCB) of the Reserve Bank of India (RBI) has come under spotlight as the government is planning to review its role, power and the composition, The Economic Times said.

The CCB, which meets every Wednesday, is authorised to approve significant decision as long as one external director is present at the meeting along with the RBI governor and deputy governors, the report said.

The government, which thinks the structure and influence of the CCB may be disproportionately high, is in favour of reviewing the role and even the composition of the committee, said the report.

The RBI General Rules allows the CCB to have full power to take decision on usual business of the central bank except for matters that are specifically reserved under the RBI Act for central government or the RBI central board.

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