The correct answer is (a) Y.H. Malegam.
The Malegam Committee was set up by the Reserve Bank of India (RBI) in 2010 to study the microfinance sector in India and suggest measures to strengthen it. The committee was chaired by Y.H. Malegam, a former RBI governor.
The committee submitted its report in 2011. The report made a number of recommendations, including increasing the capital requirements for microfinance institutions, improving the governance of these institutions, and strengthening the regulatory framework for the sector.
The RBI accepted most of the recommendations of the Malegam Committee. The capital requirements for microfinance institutions were increased, and the RBI introduced a new set of regulations for the sector.
The Malegam Committee report was a landmark report that helped to improve the regulation and supervision of the microfinance sector in India.
The other options are incorrect.
(b) Abid Hussain was the chairman of the Committee on Financial Sector Reforms, which was set up by the Government of India in 1991.
(c) Bimal Jalan was the governor of the RBI from 1997 to 2003.
(d) Rakesh Mohan was the deputy governor of the RBI from 1998 to 2004.