Explanation:

- The Reserve Bank of India (RBI) set up a committee to propose a Public Credit Registry (PCR) in India.

- Such a PCR is intended to house all debtor information across all lenders to strengthen credit underwriting and reduce information asymmetries.

- Option 1: Y.M. Deosthalee

- Correct Answer

- Y.M. Deosthalee, former CMD of L&T Finance Holdings, heads this committee.

- Option 2: Pradeep Kumar

- No significant link to the PCR committee.

- Option 3: Janaki Ballabh

- Not relevant to this committee.

- Option 4: MBN Rao

- Not involved with this PCR development.

- Option 5: S Raman

- Not associated with the PCR committee.