RBI's 'caution list' fear shatters textiles exporters

Textiles exporters have urged RBI to remove names of companies with a good track record

Textile exporters fear that their names might figure in the Reserve Bank of India's (RBI's) caution list after April 20, 2017, deadline set for updating the shipping bills by banks. They have urged the banking sector regulator to remove the names of companies with a good track record as it would prevent them from making exports.

In a letter to the RBI, the apex textiles exporters' body, The Cotton Textiles Export Promotion Council (Texprocil), has requested for an update in the centralised banking system before making the caution list for the pending shipping bills public.

The EDPMS (Export Data Processing and Monitoring