Health of banks needs to be improved: Raghuram Rajan

Mumbai: The Reserve Bank of India Governor Raghuram Rajan said on Thursday that the health of the country`s lenders needed to be improved, adding the central bank was taking steps in that direction.

Indian banks, which have about $120 billion in bad and troubled loans, are set to reveal more sour debt in the coming weeks after a clean-up ordered by the central bank.