RBI Governor Raghuram Rajan has hailed the government direction to state-run banks to act without fear or favour. Addressing a function in Mumbai, Dr. Rajan stressed on the need for independent institutions with public credibility and confidence in the country. He pointed out that it is not resources, not people but good solid institutions that are the key to sustained economic growth.Talking about Swachh Bharat Abhiyan, Dr. Rajan said that the campaign has been a success as it has received wide support.