RBI told to help ease industry woes post LoU ban


New Delhi : The finance ministry has asked RBI to look into the problems being faced by industry and banks by the abrupt ban on LoUs, and provide some breathing space to them. The ministry has received representations from corporates against the abrupt banning of LoUs asking the RBI to provide some breathing space to them. They feel that the banning of LoUs has caused some disruption, sources said.