Wednesday, April 9, 2014

Alternate financial mechanism needed for small traders: CAIT

........A CAIT delegation recently met RBI Executive Director Deepali Pant Joshi and submitted a detailed memorandum demanding strengthening of cooperative bank system and non-banking finance companies (NBFCs), which are already primarily catering to the financial needs of small traders, the apex body of the trading community said in a statement. In its memorandum, the CAIT regretted that the core banking sector has failed to provide........

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