Microfinance sector in India must be saved: Raghuram Rajan
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.
