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Government close to appointing new heads of state-run banks: Rajan

 The Hawk |  2015-07-03 08:42:53.0  0  Comments

Chennai: Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly. India, which is trying to reform the country`s banking sector, is seeking new chief executives for five state-run banks that are currently without a permanent leader. Rajan also said India`s economy is in the process of a steady recovery, but added that the government needs to work on reforms to accelerate growth further. He was addressing reporters after the central bank`s board meeting in Chennai. Reuters

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