The Indian cricket board Wednesday decided against launching a TV channel of its own and said a new marketing committee would handle the allocation of broadcast rights for matches.

According to Board of Control for Cricket in India (BCCI) president Ranbir Singh Mahendra, "there never was any proposal to have (our) own channel nor was any such move under consideration".

"I am not in favour of any such channel. Our purpose is cricket and not to run a commercial enterprise," he added.

Mahendra said the board had constituted a marketing committee that would decide the issue of TV rights and sponsorship.

The board's finance committee was previously handling this issue.

"It will be dealt with by the marketing committee," board secretary S.K. Nair said in Kolkata after a meeting of the finance committee.

The finance committee met after 10 months and ratified 54 topics on the agenda, including all expenditure-related matters.

"It was a regular process. We ratified all the expenditure that the board incurred in the last few months," Nair said after the three-hour meeting.

"There were 54 topics on the agenda and all of them were dealt with."

Finance committee chairman P. Srinivasan said: "The issues in the meeting were fruitfully dealt with. But we cannot divulge any of them as it was the board's internal matter."

The last meeting of the finance committee was held in August last year in Mumbai. Thereafter, the panel could not meet as the board was involved in a series of legal battles on multiple issues.

Former BCCI president Jagmohan Dalmiya and National Cricket Academy (NCA) chairman Brijesh Patel were special invitees to the meeting.