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The Reserve Bank of India (RBI) has constituted an expert committee under the chairmanship of Y H Malegam, to look into the entire gamut of issues relating to classification of bad loans, rising incidents of frauds and effectiveness of audits.
The members of the committee will be: Bharat Doshi, Member, Central Board of RBI, S Raman, former Chairman and MD, Canara Bank and former Whole-Time Member, SEBI and Nandkumar Saravade, Chief Executive Officer, Reserve Bank Information Technology Pvt Ltd (ReBIT). A K Misra, Executive Director, RBI, will be the Member-Secretary of the committee.
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