Saturday, September 28, 2013

FM backs priority sector tag for exports

Finance minister P Chidambaram has said that his ministry supported the demand for including exports under priority sector finance and will take up the matter with the Reserve Bank of India.   Priority sector refers to the business activity identified by the regulator with mandatory lending targets. Banks not meeting the targets have to invest in low-yielding government funds for that sector......

Read - TOI

No comments: