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Our Bureau

Coimbatore, April 30

The RBI decision to spare bank, repo/reverse repo rates from any hike is a major solace to the industries, according to Tirupur Exporters Association (TEA).

The TEA expressed hope that the various measures spelt out by RBI’s annual credit policy will help reduce inflation.

Reacting to the RBI annual credit policy announcement on Tuesday, the TEA president, Mr A. Sakthivel, said the apex bank’s decision to disseminate details of various charges levied by banks will usher in greater transparency and hassle-free transactions with the banks and its proposal to introduce incentives and penalties would go to provide greater customer services at bank branches.

More Stories on : Knitwear & Hosiery | Credit Policy | Tamil Nadu

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