RBI has recently constituted YH Malegam Committee The terms of reference for this committee is are........

Economic Affairs Types of Banks and Banking

RBI has recently constituted YH Malegam Committee. The terms of reference for this committee is/are

Improving the formulation of Fiscal Policy.

Framing rules for operation of Non Banking Finance Companies.

Monitoring bad loans and looking into cases of banking frauds.

Making suggestions for extension of new branches by commercial banks.

Monitoring bad loans and looking into cases of banking frauds.

The Malegam Committee is officially known as the "Committee on Microfinance Institutions."
It was formed by the Reserve Bank of India (RBI) in 2010 to review the issues and concerns related to microfinance institutions (MFIs) in India.
The committee was chaired by Mr. Y. H. Malegam, a well-known chartered accountant.