Zee Media Bureau
New Delhi: Outgoing RBI Governor Raghuram Rajan on Tuesday said that public sector banks' employees are overpaid at the bottom and underpaid at the top.
Emphasising on the need to to tighten loan practices at state-run banks, Rajan said, “ There is a need to shift loan sanctions from committee-based approach to single lead banker taking responsibility”.
“There is need for more equity, flexible loan structuring in infra projects,” he added.
Voicing concern over state-owned banks shunning project loans, Rajan said that such projects are still profitable.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
