Rajan put banking sector on right course: Prez
Stating that the non-performing assets of the banking system are a "matter of concern", President Pranab Mukherjee today said that former RBI Governor Raghuram Rajan "took many appropriate steps to put the system in the right direction". Notably, Rajan had undertaken a clean-up of over $100 billion of stressed assets on the books of the banks. 