Thursday, November 7, 2013

RBI not to include export credit in priority sector list

........The recommendation on including exports in the priority sector list was made by a RBI appointed panel under G Padmanabhan. The central bank has communicated its views to the commerce ministry, saying that if export credit is included in the priority sector list, then it could crowd out loans under this window to sectors like agriculture and micro, small and medium enterprises (MSMEs). Hence, RBI is not in favour of including export credit in the priority sector list,.............. 

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