MUMBAI 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)
Trending On Reuters
The United States and India have held talks about conducting joint naval patrols that a U.S. defence official said could include the disputed South China Sea, a move that would likely anger Beijing, which claims most of the waterway. Story