........The terms of reference, in brief, of the Committee are: Whether the existing presentation of two separate Balance Sheets of Issue and Banking Departments needs to be merged into a single Balance Sheet of the RBI. Whether it is necessary to have separate Profit and Loss Accounts for the Issue and Banking Departments or whether the present form of a combined Profit and Loss Account will continue. Whether the disclosures presently made in the Balance Sheet and Profit and Loss Account and the notes to accounts are adequate or can be elaborated/ improved. The Committee will comprise Y. H. Malegam, Director on the Central Board of the RBI as Chairman. Indira Rajaraman, Director on the Central Board of the RBI, B. Mahapatra, Executive Director, RBI, P. R. Ramesh, Chairman, Deloitte Haskins and Sells, and V. Venkataramanan, Partner, KPMG, are the other Members. S. Ganeshkumar, Chief General Manager, Department of Government and Bank Accounts, RBI is the Member-Secretary..........
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