RBI Guv Raghuram Rajan: Need to look at governance of state-run banks

Aug 05 2014, 12:08 IST
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SummaryRajan said 'one has to be careful' extrapolating the alleged Syndicate Bank issue to the entire banking sector.

India needs to look again at the governance of state-run banks, Reserve Bank of India (RBI) governor 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.

Raghuram Rajan Full Speech pdf

Rajan, however, said "one has to be careful" extrapolating the alleged Syndicate Bank issue to the entire banking sector.

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