RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

Banking Exams Exam > Banking Exams Questions > RBI formed a sub-committee to study the issue...

Join the Discussion on the App

RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.

a)
KC Chakrabarty
b)
YH Malegam
c)
Shashi Rajagopalan
d)
Kumar Mangalam Birla
e)
None of these

Correct answer is option 'B'. Can you explain this answer?

FREE This question is part of

MCQ Test: Important Committees - 2

Attempt Test

Attempt this Test

Most Upvoted Answer

RBI formed a sub-committee to study the issues and concerns in the mic...

RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of YH Malegam.
In the wake of the AP microfinance crisis in 2010, RBI constituted a committee under the chairmanship of Shri Y H Malegam to study issues and concerns in the MFI sector.
The regulatory approach toward microfinance has been largely based on the recommendations of the Malegam Committee.
The key recommendations of the Malegam Committee were as follows:
- Creation of a separate category of NBFC operating in the microfinance sector to be designated as NBFC-MFI.
- Criteria for defining ‘microfinance loans’ classified as ‘qualifying assets.
- Prudential norms on capital adequacy and provisioning requirements
- Prescriptions related to the pricing of credit in terms of a margin cap and interest rate ceiling on individual loans.
- Transparency in interest charges as well as other terms and conditions of the loan Measures to address multiple lending, over-borrowing and coercive methods of recovery Establishment of a proper system of grievance redressal

Answered by Notes Wala · View profile

Attention Banking Exams Students!

To make sure you are not studying endlessly, EduRev has designed Banking Exams study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Banking Exams.

Lucent for GK

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

General Awareness & Knowledge

Tips & Tricks for Government Exams

View all answers Start learning for free

< Previous Question Next Question >

Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

The "Committee on Comprehensive Financial Services for Small Businesses and Low Income Households" was setup by the RBI under the chairmanship of

View answer

Arrange the following committees formed for small scale sector in chronological order and select the correct answer from the codes given below:I. Nayak CommitteeII. Abid Hussain CommitteeIII. S. S. Kohli CommitteeIV. Karve CommitteeCodes

View answer

The Securities and Exchange Board of India (SEBI) has recently constituted a committee on Social Stock Exchanges (SSE) under the chairmanship of ______.

View answer

Under whose chairmanship the Reserve Bank of India has announced the setting up of a standing external advisory committee (SEAC) to evaluate applications for universal banks and small finance banks?

View answer

NABARD, a bank for agriculture finance and rural development was recommended by the Committee under chairmanship of?

View answer

Top Courses for Banking ExamsView all

Lucent for GK

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

General Awareness & Knowledge

Tips & Tricks for Government Exams

Improve Your Calculations: Vedic Maths (English)

Top Courses for Banking Exams

View all

RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer?.

Solutions for RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice RBI formed a sub-committee to study the issues and concerns in the microfinance sector under the chairmanship of _____.a)KC Chakrabartyb)YH Malegamc)Shashi Rajagopaland)Kumar Mangalam Birlae)None of theseCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Banking Exams tests.

Explore Courses for Banking Exams exam