Foreign Currency loans to Exporters-Periodicity of charging interest - ആർബിഐ - Reserve Bank of India
Foreign Currency loans to Exporters-Periodicity of charging interest
RBI / 2004-05/ 324
DBOD. IECS. No. 66 / 04.02.02/ 2004-05
December 31, 2004
The Chairman / Chief Executives of all
Commercial Banks
Dear Sir
Foreign Currency loans to Exporters-Periodicity of charging interest
Please refer to paragraph (b) of our circular IECD. No. EFD.30/ 04.02.15/ 93-94 dated February 28, 1994 and also paragraph 1.1.5 (iv) of our Master Circular dated September 1, 2004 on Export Credit in Foreign Currency.
We advise that the paragraphs may be amended to read as follows:
'Banks may collect interest on PCFC at monthly intervals against sale of foreign currency or out of balances in EEFC accounts or out of discounted value of the export bills if PCFC is liquidated within the monthly rest for collection of interest.'
Yours faithfully
(A. Sreekumaran)
General Manager
ഈ പേജ് ഷെയർ ചെയ്യുക:
റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യ മൊബൈൽ ആപ്ലിക്കേഷൻ ഇൻസ്റ്റാൾ ചെയ്ത് ഏറ്റവും പുതിയ വാർത്തകളിലേക്ക് വേഗത്തിലുള്ള ആക്സസ് നേടുക!
