Business Standard

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

Image

Reuters MUMBAI

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)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 05 2014 | 11:56 AM IST

Explore News