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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

RBI- Exim Bank GOI-supported Line of Credit of USD 120 mn to the Government of the Socialist Republic of Vietnam (GO-VNM) for procurement of High-Speed Guard Boats in the Borrower's Country

13-Feb-2025 | RBI//2024-2025/114 A.P. (DIR Series) Circular No. 21

RBI has issued Circular regarding Export-Import Bank of India's GOI-supported Line of Credit of USD 120 mn to the Government of the Socialist Republic of Vietnam (GO-VNM) for procurement of High-Speed Guard Boats in the Borrower's Country, effective from 13th February, 2025

Key Highlights-
1. Exim Bank of India has entered into an agreement with the Government of the Socialist Republic of Vietnam (GO-VNM) for making available Government of India supported Line of Credit (LoC) of USD 120 million for buying high-speed guard boats.
2. The agreement under the LoC is effective from January 20, 2025
3. Shipments under the LoC are required to be declared in Export Declaration Form/Shipping Bill as per instructions issued by the Reserve Bank
4. AD Category - I Banks are required to bring the contents of the circular to the notice of their exporter constituents and advise them to obtain complete details of the LoC from the Exim Bank?s office.

Please refer to the attached document for more information.

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