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
Jindal Steel and Power is in advanced talks with some resources firms to sell more steel and mining assets, its CEO told Reuters, adding the company hopes to close a $976 million power plant deal well before a mid-2018 deadline. Full Article