Rajan urges completion of bank cleanup
Outgoing governor argues programme must be taken to “logical conclusion”
The cleanup of public sector banks in India must be taken to its "logical conclusion", central bank governor Raghuram Rajan stressed on June 22.
Rajan has made a priority of tackling the country's non-performing loans (NPLs) during his tenure at the Reserve Bank of India (RBI), which will come to an end in September.
Last week the governor urged policy-makers to keep inflation low after his departure. Yesterday he underlined the importance of completing resolution reform, while calling on the
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