RBI allows lenders to give trade credit for diamond imports for 180 days from date of shipment, as against 90 days earlier
Mumbai: The Reserve Bank of India (RBI) on Monday eased norms on the availability of bank credit for import of diamonds. The central bank has now allowed lenders to give trade credit for imports or issue letters of credit for import for a period of 180 days from the date of shipment, as against 90 days earlier.
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