RBI chief Rajan says need to improve health of banks | Reuters
MUMBAI The Reserve Bank of India Governor Raghuram Rajan said on Thursday that the health of the country's lenders needed to be improved, adding the central bank was taking steps in that direction.
Indian banks, which have about $120 billion in bad and troubled loans, are set to reveal more sour debt in the coming weeks after a clean-up ordered by the central bank.
(Reporting by Suvashree Choudhury; Editing by Biju Dwarakanath)
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First Published On : Apr 7, 2016 15:59 IST