Public sector banks are like a leaky bucket: Raghuram Rajan

 Public sector banks are like a leaky bucket: Raghuram Rajan

Former Reserve Bank of India (RBI) Governor Raghuram Rajan said that India's public sector banks are like a leaky bucket that needs to be recapitalized every few years.  "The real problem is that they need to be replenished every few years as they create another set of bad debts that require capital," Rajan told ETNow.