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Loans From India's Banking Sector To Restructure The Textile Industry

2011/12/27 8:58:00 12

Restructuring Of Textile Industry In India Banking Sector

Most of India's textile companies are in deep losses, and the banking sector is actively engaged in loan restructuring. However, India The Federal Reserve Bank has a clear surface and should not lend to the entire industry sector. Recombination 。 "If part of the textile sector is flexible, then other industries. department Similar concessions may soon be called for. The banker said.


A small and medium-sized commercial unit under the State Bank of India has put forward a proposal to establish a committee composed of representatives of 3-4 banks. The committee will hold talks with relevant industry associations to formulate a rescue plan. In the first quarter of the current fiscal year, the textile company lost 110 billion rupees of liquidity, the South India factory Association estimates.


In short, 83% of the 226 listed textile companies had poor business performance, and 127 companies reported losses in the first half of the current fiscal year.

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