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Malegam Committee

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Malegam panel caps MFI interest at 24%

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......

MFIs need social MF

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......

New MFI Bill to leave no space for state laws

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......

Microfinance: New rules to ease crisis

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......

Meet RBI's man for all seasons

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,......

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