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Government banks should root out corrupt officers
Updated On: 15 September, 2014 05:13 PM IST | | IANS
Reserve Bank of India Governor Raghuram G Rajan Monday called for the public sector banks to root out corrupt officials, bad practices and weak capabilities, and suggested the process of appointment of government bank boards should be changed

Reserve Bank of India Governor Raghuram G. Rajan
Mumbai: Reserve Bank of India Governor Raghuram G. Rajan Monday called for the public sector banks (PSB) to root out corrupt officials, bad practices and weak capabilities, and suggested the process of appointment of government bank boards should be changed.
Speaking at a banking conference here, Rajan said the non-performing assets (NPA) have increased for the banking sector and a significant portion of these is in large infrastructure projects financed by PSBs.
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