RBI activates SLBC for boosting exports

The Reserve Bank of India (RBI) has come out with a new strategy to boost export credit and promote exports by reactivating a sub-committee of the state level bankers committee (SLBC) and appointing new nodal officers in banks for the facilitation. "We have advised all the banks to appoint nodal officers who can facilitate exports and related financial matters," said Anup Kumar, deputy general manager (Foreign Exchange Department).