The regulatory framework that created the NBFC-MFI as a separate category followed the report of which committee?
- A.Narasimham Committee
- B.Malegam Committee
- C.Nachiket Mor Committee
- D.Raghuram Rajan Committee
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After the microfinance crisis in Andhra Pradesh in 2010, the Reserve Bank appointed a sub-committee of its central board under Y. H. Malegam to study the lending practices of microfinance institutions, and its report of January 2011 led to the NBFC-MFI being carved out as a distinct category with its…
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