What was the objective of Y H Malegam committee set up by RBI?

Q. What was the objective of Y H Malegam committee set up by RBI?
Answer: Monitoring of bad loans
Notes: Reserve Bank of India (RBI) had constituted an expert committee n 2018 to look into the entire gamut of issues relating to classification of bad loans, effectiveness of audits and rising incidents of frauds. The committee was headed by Y H Malegam.

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