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Saturday, September 5, 2009
numbers show that capital goods and consumer nondurables have still not picked up. We will also have to make sure that the credit flow is well-regulated and prudent. We cannot allow credit policy to deteriorate in order to increase flow of credit. There is no proposal to direct credit to infrastructure beyond what's already there. There have been requests to raise the single borrower limit for banks lending to corporates. But we have decided not to increase the limit. We can't ensure directed flow of credit to particular sectors, except in crisis situations. We want long-term credit flows to improve."
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