Wednesday, August 1, 2012

RBI to review new rules for priority sector lending

.......“Evidently, there are still some open issues on priority sector lending.... I think some of the suggestions were quite reasonable. We decided that in the next 15 days, there will be a meeting at the operational level and (another) meeting at the bank chairmen level. It is not clear what we will change but, certainly, we will have an open mind,” Subbarao told reporters after the first quarter review of monetary policy for 2012-13........

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