Y H Malegam committee sometime seen in news was constituted to ........

Indian Economy (Easy) Money and banking

Download Solution PDF

Y H Malegam committee sometime seen in news was constituted to

Look into issues relating to classification of bad loans, rising incidents of frauds andeffectiveness of audits

To tackle the menace of trafficking

To monitor and review the functioning of shell companies

To review Poverty census in India

छोटे Courses बड़े Results

Master Money and banking

Prepare through Micro-courses

Try Now

Explanation:

First option is correct.

Stung by the Rs 11,400 crore fraud in Punjab National Bank, the Reserve Bank of India (RBI) constituted an expert committee under the chairmanship of Y H Malegam, a former member of the Central Board of Directors of RBI, to look into the entire gamut of issues relating to classification of bad loans, rising incidents of frauds and effectiveness of audits.