Rajan: need to look at governance of state-run banks
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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Religion and Politics
The head of India's most powerful Hindu group vowed to press ahead with a campaign to convert Muslims and Christians to Hinduism, stoking a sensitive debate that has stalled parliament and threatened Prime Minister Narendra Modi's economic reform agenda. Full Article