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RBI asks banks for adequate credit flow to productive sectors

Noting that there has been a drop in credit to the industry so far this fiscal, the Reserve Bank on Tuesday prodded banks to ensure adequate credit flow to the productive sectors of the economy.

FM to meet bankers, CMs on credit flow, financial inclusion on Sep 17

Amidst concerns of economic slowdown, Finance Minister Pranab Mukherjee will review the problems concerning credit offtake and farm sector lending in a meeting with Chief Ministers of western and central region, and heads of PSU banks, in Mumbai on September 17.