Biz Chamber Urges RBI Relief for Exporters Amid West Asia Disruptions

• The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra for supportive banking measures for exporters.
• Exporters are facing disruptions in global logistics and shipping routes due to ongoing tensions in West Asia.
• The situation has led to diverted shipping routes, port congestion, higher freight/insurance costs, and extended transit periods, straining working capital.
• BCC urged RBI to encourage banks to enhance working capital limits, provide ad-hoc credit, extend export credit tenure, and offer flexibility in packing credit rollover.
• Requests include extending loan repayment moratorium, regulatory relief from penal interest, and extending the permissible transit period for usance export bills.