MUMBAI Aug 6 India's central bank governor
Raghuram Rajan said the boards at domestic public sector banks
needed to be strengthened while the incentive structure for
chief executives of these lenders need to be improved to enhance
Rajan, in an interview to ET Now television, also said
salaries of public sector bank executives needed to be revised
to bring them at par with salaries of executives at
"We have to draw in people from the private sector who want
to give back themselves, and in that way you will get talent
into these public sector enterprises," Rajan told ET Now.
The comments come after Indian police arrested the chairman
of mid-sized state-run lender Syndicate Bank Ltd late
on Saturday over allegations of taking bribes to grant loan
extensions to a company.
(Reporting by Neha Dasgupta and Himank Sharma; Editing by