Rajan: need to look at governance of state-run banks

MUMBAI Tue Aug 5, 2014 11:56am IST

Reserve Bank of India (RBI) Governor Raghuram Rajan prepares to read the bi-monthly monetary policy statement at a news conference at the RBI headquarters in Mumbai April 1, 2014. REUTERS/Danish Siddiqui/Files

Reserve Bank of India (RBI) Governor Raghuram Rajan prepares to read the bi-monthly monetary policy statement at a news conference at the RBI headquarters in Mumbai April 1, 2014.

Credit: Reuters/Danish Siddiqui/Files

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MUMBAI (Reuters) - India needs to look again at the governance of state-run banks, RBI chief Raghuram Rajan said on Tuesday, commenting days after the head of Syndicate Bank Ltd was arrested over allegations that he was seeking bribes to favour debtors.

Rajan, however, said "one has to be careful" extrapolating the alleged Syndicate Bank issue to the entire banking sector.

(Reporting by Suvashree Dey Choudhury; Editing by Anupama Dwivedi)

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