Finance Minister hits out at Raghuram Rajan for MSME banking crisis statement, says postmortem is easier than action
Updated : September 25, 2018 11:38 PM IST
Rajan, who had as the chief economist at IMF warned of impending financial crisis of 2008, in a note to a parliamentary committee warned against ambitious credit targets and loan waivers, saying that they could be the sources of next banking crisis.
Rajan also said that a list of high profile cases related to banking frauds was sent to the Prime Minister's Office (PMO) for a coordinated action.
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