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.
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.
