Business

Surat: Businessmen discussed the services provided by banks with the review committee of RBI

The RBI Review Committee officials have assured to present the suggestions of the industrialists to the RBI for making necessary changes in the RBI guidelines so that banks can provide better services to the industrialists.

An interactive meeting of industrialists with the review committee of Reserve Bank of India was organized by South Gujarat Chamber of Commerce and Industry in Surat. In which former deputy governor of RBI and chairman of the review committee, B.P. Kanungo, A.K. Sharma (ED, RBI member), Punjab National Bank CMD A.K. Goyal and Anand (General Manager, CEPD) were present. Chamber of Commerce President Himanshu Bodawala welcomed everyone to the meeting and requested the present traders from industries like textile, diamond and gems and jewelery to discuss various issues related to the services of banks. The industrialists had an important discussion about the services provided by co-operative banks, private banks and public sector banks. At the same time, he presented the issues arising for the business before the committee and gave important suggestions.

Many difficulties were presented before the review committee by the entrepreneurs

Facility of quick credit to SMEs and MSME industries by entrepreneurs, abolition of charges for net banking, roadtap credit should be faster, more days for check clearing after merger of banks, bank charges of digital payments, in respect of banks Questions Raised and Suggested Difficulties faced by the industry due to pre-payment penalty levied by the Gem & Jewelery Industry and non-availability of funding from banks.

Review committee assures to provide better service

RBI review committee chairman B.P. Kanungo said that various suggestions submitted by the industrialists would be placed before the RBI for making necessary changes in the RBI guidelines so that the banks could provide better services to the industrialists.

Chamber of Commerce Group Chairman Vijay Mewawala conducted the interactive meeting of industrialists with the RBI Review Committee.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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