Rs 114-bn PNB scam: Meet Y H Malegam, the man for every season at RBI

A chartered account, Malegam sits in an office at Ballard Estate at Fort area of Mumbai

Yezdi Hirji Malegam, 80, has a rare honour of being the longest-serving member of the Reserve Bank of India (RBI) board and also the oldest.

Malegam, who was at the RBI central board for 17 years from 2000, is the go-to man whenever the central bank felt the need for a structural reform of processes and rules for various regulated entities, and also regarding its functioning.

A soft-spoken person with elephantine memory, Malegam, despite his advanced age, appears at ease in churning out dates and years while presenting his views. 

“He has a good grasp on the matters on which