1. Statement: Exporters in the capital are alleging that commercial banks are violating a Reserve Bank of India directive to operate a post shipment export credit denominated in foreign currency at international rates from January this year. Courses of Action: The officers concerned in the commercial banks are to be suspended. The RBI should be asked to stop giving such directives to commercial banks.
Ask Your Doubts Here
Comments
By: guest on 02 Jun 2017 01.27 am
The statement mentions that the commercial banks violate a directive issued by the RBI. The remedy is only to make the banks implement the Act. So, none of the courses follows.