Financial Services Secretary Vivek Joshi has urged public sector banks and insurance companies to handle trade finance and insurance cases sensitively amid the Red Sea crisis. Due to longer shipping routes, exporters face higher trade finance and insurance costs. Joshi emphasized the importance of dealing with these issues with sensitivity to avoid denial of services. The Bab-el-Mandeb Strait crisis has led to increased shipping costs and delays, impacting India's merchandise trade with Europe. Read The Rest at :
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