Secretary, Department of Financial Services, Dr. Vivek Joshi reviewed in a meeting, banking and insurance-related issues faced by exporters and importers. The review meeting, held in New Delhi yesterday, was attended by senior officers from the Ministries of Finance, External Affairs, and Department of Commerce.<br />”Ministry of Finance said, specific operational issues including delays in the issuance of e-bank realisation certificates, and overdue letters of credit among others were discussed. During the meeting, banks informed that after ensuring necessary due diligence and compliance with regulatory directions, trade transactions continued to be facilitated by them. To ensure a seamless process, banks were advised to engage with clients to expedite the resolution of their problems while appropriately examining compliance requirements. Dr.&nbsp; Vivek Joshi advised banks to classify issues faced by them in different categories. He also indicated that they may consider seeking necessary regulatory guidance from RBI and also develop a standard operating procedure through the Indian Banks Association.<br />”<br />”Dr. Joshi also requested banks to work in close coordination with the Department of Commerce and export promotion councils for trade facilitation and early resolution of problems faced in trade.<br />