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The Economic Times

Economy / The Economic Times

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PHDCCI urges RBI to boost MSME credit, fix LoC rules

The PHD Chamber of Commerce and Industry has approached the Reserve Bank of India. They are seeking increased credit for small businesses. The chamber also wants the RBI to resolve issues with letters of credit. Inconsistent handling of document discrepancies by banks is a concern. Unfair practices by rating agencies are also highlighted. Clearer guidelines for banks are requested.

17 Mar 2026 12:46 am