Wednesday, January 30, 2013

RBI wants banks to raise lending to exporters; sets up panel


 Worried over the low share of export credit in the books of banks, Reserve Bank Governor D Subbarao today constituted a technical advisory group to look for solutions to help the sector. The announcement of the committee, to be headed by RBI Executive Director G Padmanabhan, comes on the same day when Subbarao declared the burgeoning current account deficit as "biggest risk for inflation and macroeconomic management"..................

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