https://www.taxtmi.com/news?id=18840 Approval was granted for Exim Bank to sign an Interbank Local Currency Credit Line Agreement and a Cooperation Memorandum Relating to Credit Ratings under the BRICS Interbank Cooperation Mechanism; both are umbrella, non binding frameworks authorising Exim Bank's Board to negotiate and conclude individual bilateral contracts subject to applicable laws and policies. The credit line enables bilateral local currency financing and co financing options, while the ratings memorandum permits sharing of credit assessments among member banks to mitigate cross border credit risk. en-us Wed, 27 Sep 2017 16:14:52 +0530 Wed, 27 Sep 2017 16:14:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18840 Approval was granted for Exim Bank to sign an Interbank Local Currency Credit Line Agreement and a Cooperation Memorandum Relating to Credit Ratings under the BRICS Interbank Cooperation Mechanism; both are umbrella, non binding frameworks authorising Exim Bank's Board to negotiate and conclude individual bilateral contracts subject to applicable laws and policies. The credit line enables bilateral local currency financing and co financing options, while the ratings memorandum permits sharing of credit assessments among member banks to mitigate cross border credit risk. News - Wed, 27 Sep 2017 16:14:52 +0530 https://www.taxtmi.com/news?id=18840