In conversation with NDTV’s Namrata Brar, Raghuram Rajan, a professor at University of Chicago and a former chief economist at the IMF, says the microfinance sector in India must be saved. “Regulation is fine but profitability of the sector cannot be destroyed,” he adds. Rajan also talks about the recently released RBI’s paper on foreign banks.
About Raghuram Rajan
Raghuram Govind Rajan (born 3 February 1963) is currently the Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. He is also an honorary economic adviser to Prime Minister Manmohan Singh (appointed 2008.) He previously was the chief economist of the International Monetary Fund and headed a committee appointed by the Planning Commission on financial reforms in India.
Source : Wikipedia