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
Islamic State militants said they had beheaded a second Japanese hostage, journalist Kenji Goto, prompting Prime Minister Shinzo Abe to vow to step up humanitarian aid to the group's opponents in the Middle East and help bring his killers to justice. Full Article | Video