Thursday, January 15, 2009

MEASURES FOR BANKS


  • Recapitalization of the public sector banks to the value of Rs. 200 billion proposed over the next two years.
  • Credit targets of Public Sector Banks are being revised upward to reflect the needs of the economy in the present, difficult situation.
  • In order to enhance flow of credit to micro enterprises, it has been decided to increase the guarantee cover extended by Credit Guarantee Fund Trust to 85 percent for credit facility up to Rs. 500,000.
  • EXIM Bank has obtained from RBI a line of credit of Rs. 50 billion and will provide pre-shipment and post-shipment credit, in rupees or dollars, to Indian exporters at competitive rates.

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