The Reserve Bank of India (RBI) has proposed a mechanism for debt restructuring on the lines of the corporate debt restructuring for medium enterprises. RBI will constitute a special group to suggest appropriate operational guidelines in this regard, RBI said in its annual policy statement for 2004-05. Full story
Corporate India has welcomed the slack season RBI policy. Despite there being no major policy announcements or tinkering with the rate structure, industry leaders and associations feel that the stability in the policy and the provision of liquidity in critical areas were a welcome move. Full story
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