RBI chief Rajan says public debt agency desirable

NEW DELHI (Reuters) - Reserve Bank of India (RBI) governor, Raghuram Rajan, said on Sunday it was "desirable" to establish a public debt management agency, one of a series of government proposals seen as the biggest shake-up of financial regulation in a generation.

Finance ministry sources told Reuters earlier this week that officials at the RBI had reservations about all the proposed changes.

(Reporting by Rajesh Kumar Singh; Writing by Frank Jack Daniel; Editing by Malini Menon)