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Question : Based on the recommendations of which Committee was the creation of a separate category for NBFCs operating in the microfinance sector (NBFC-MFI) done?

Option 1: Narasimham Committee

Option 2: Malegam Committee

Option 3: Deepak Parekh Committee

Option 4: P. K. Mohanty Committee


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Malegam Committee


Solution : The correct answer is the Malegam Committee .

Yezdi Hirji Malegam was the chairman of the Malegam committee. He was a chartered accountant and banker. The committee was tasked with reviewing the existing framework for the classification and reporting of MSMEs and suggesting measures for enhancing credit flow to the sector.

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