.......Key speakers at the conference include Pratip Chaudhuri, chairman of the State Bank of India, Snehlata Shrivastava, additional secretary at the Ministry of Finance, and Chinmoy Kumar, Deputy General Manager at the Reserve Bank of India, along with members of the diamond trade. Other participating banks included ABN Amro, Scotia Bank, Antwerp Diamond Bank, and Standard Charter Bank. With Basel 3 regulations being implemented this year, the global banking sector is exercising greater scrutiny in lending, including in India. Earlier this year, Maxim Shkadov, chairman of the International Diamond Manufacturers Association (IDMA), criticized the Indian banking sector for allowing clients to use funds earmarked for rough purchases and manufacturing to speculate on rough prices...........
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