It only feels like yesterday when Mr Rajan was here at RBI. Now having returned to what seems like his “true calling”, the former RBI governor has resumed his role as 'Distinguished Service Professor of Finance' at the University of Chicago Booth School of Business and would teach international corporate finance there in winter of 2017. Mr. Rajan’s schedule for the class of 2016-2017 will explore the challenges of corporate finance and investment in a more integrated global economy.

After stepping down from his position as a governor at RBI, Rajan made it clear in his letter that he would return to academics after this. As per Chicago Booth School, Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it.

In his last statement, Rajan made it clear that he was willing to stay but couldn’t come to the right kind of agreement with the government.

"We started the dialogue and we were going along that path but essentially we agreed at some point that it did not make sense to pursue the dialogue further," he said.

He was 'on leave' from Chicago University, with which he has been associated since 1991, during his tenure at RBI.