The Malegam Committee, set up by Reserve Bank of India on Wednesday recommended a 24-per cent interest rate cap on microfinance loans to individuals. It also suggested creating a new category of......
The recent recommendations of the Malegam Committee have drawn attention from all quarters.Treating criticism and praise alike, the committee's chairman, Yezdi H Malegam, 77, a Board member of the......
The new law to regulate the microfinance sector may make similar state legislation null and void.The Bill - to centrally regulate microfinance institutions (MFIs) - may also cap the rates charged......
The Reserve Bank of India's regulations for microfinance institutions registered with it as non-banking finance companies - these make up most of the MFI space - have been largely welcomed by the......
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.Illustration: Dominic Xavier/Rediff.com. Yezdi Hirji Malegam, 80,......