....Taking cognizance of this fact and also taking into account finance minister P Chidambaram’s emphasis on increasing priority sector lending, the standing advisory committee of the Reserve Bank of India (RBI) has recommended for setting up of centralised credit processing (CPC) cells. While instructing the banks to set up CPC cells for MSMEs, the deputy governor RBI, KC Chakrabarty said that these cells would act as a single-point appraisal, sanction, documentation, renewal and enhancement of loan mechanism.......
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