The Export-Import Bank of the United States has sought powers from the Reserve Bank of India (RBI) for recovery under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act. Its application is pending with RBI. Fred P Hochberg, chairman and president of US Exim Bank, said the bank had held discussions on the issue with RBI and the finance ministry. Hochberg, however, didn’t specify when the bank had approached RBI and what RBI’s response was..........
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