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Y.H. MALEGAM
RBI cautions micro finance lenders against usurious interest ratesThe Reserve Bank of India (RBI) has warned lenders, particularly in the microfinance sector, against charging "usurious" interest rates by ...- Investor advisory firms approve Jindal Steel plan to divest power biz“The enterprise value of Rs 9,730 crore for the 3,400 MW assets of JPL is in line with market valuations on a per megawatt basis at Rs 2.86...
- Permission for new branches for UCBs only after amending bye-laws to set up a Board of ManagementThe central bank clarified that it would issue final guidelines only licencing of new UCBs only after they receives appropriate plans from ...
- RBI has to justify anything it does: YH Malegam"It is good in the sense that there is now not any confrontation. I don’t think the autonomy of the central bank was affected any way," say...
- Public sector banks were much easier to defraud than private sector ones: Here's whyAccording the central bank’s annual report, the number of cases on frauds reported by banks were generally hovering at around 4500 in the l...
- Keep calm and Malegam: Meet the man chosen by RBI to solve NiravgateFor RBI, Yezdi Hirji Malegam appears to be a Swiss knife. But can the regulator count on him to cut through the Punjab National Bank tangle?
- RBI panel to review bad-loan estimates and systemic gapsThe panel will prescribe steps to prevent frauds and examine factors.
- PNB Fraud: RBI sets up panel, asks banks to strengthen SWIFT systemThe panel will also look into the reasons for high divergence observed in asset classification and provisioning by banks vis-à-vis the RBI’...
- RBI transfers its entire Rs 52,700-crore surplus to governmentThe central bank’s balance sheet size grew by about 10% during the year ending June 30, 2014, on account of 15% rise in foreign currency as...
- RBI accords self regulatory organisation status to MFINRBI has recognised Micro Finance Institutions Network, the industry association for the micro-finance industry, as a self regulatory organi...
- RBI, Andhra Pradesh government in a spat over microfinance billRBI has challenged AP's right to regulate microfinance firms registered with it as NBFCs, drawing a sharp retort from the state government.
- RBI should look to bring in reforms on asset side of banksDespite many reforms in banking over last two decades, challenges remain and they should be addressed for long-term stability, industry exp...
- Creation of low-income micro-lending NBFC clearedThe Reserve Bank of India has approved the creation of a separate category of specialised finance companies catering to low-income groups.
- SKS rises 20% after law empowering RBI to regulate micro finanace sector proposedAnalysts say the main problem with the entire microfinance sector was the Andhra Pradesh MFI Act, the state which accounts for more than ha...
- Differential credit limit for MFI borrowers likelyThe RBI is likely to set different credit limit for loans extended to rural and urban borrowers by micro finance companies, while recommend...
- MFI regulations may be in place by AprilThe Reserve Bank of India may start implementing some of the proposals of the Malegam committee on microfinance regulations, including a ca...
- RBI discusses Malegam Report with stakeholdersThe Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty today said the apex bank has started discussion with all the stakeholders r...
- Microfinance cos have been neglecting the poor: Y H MalegamY H Malegam is the man for every regulator to rely on whenever they need advice on financial market regulations.
- Malegam panel proposes 24 pc cap on interest rate on MFI loansThe committee also suggested a separate category of the non-banking financial companies (NBFC-MFIs) for the microfinance institutions.
- No cap on rates, but RBI won't let MFIs off the hookRBI voices concern over lending practices, but will wait for Malegam report before taking a final call.
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