In respect of which one of the following areas, YH Malegam committee has submitted its recommendations?

Interest on Micro-Finance Loans

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Solution

The correct option is B Interest on Micro-Finance Loans
The Board of Directors of RBI, formed a sub-committee of the board members in October 2010, to study the issues related to microfinance sector which came under the RBI's regulatory entities. Y. H. Malegaon was the Chairman of this committee. The committee submitted their recommendations in January 2011.

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