RBI Sets Up Committee Under YH Malegam to Monitor Bad Loans

Reserve Bank of India (RBI) has constituted an expert committee under the chairmanship of YH Malegam to look into a range of issues relating to classification of bad loans, rising incidents of frauds and effectiveness of audits.


Y H Malegam is a former member of the Central Board of Directors of RBI. A K Misra – Executive Director of RBI will be the Member-Secretary of the committee.

Source- The Indian Express


Static/Current Takeaways Important for Canara Bank PO 2018 Exam-

  • Dr Urjit Patel is the 24th Governor of RBI.
  • RBI Headquarters in Mumbai.