Exim Bank's Line of Credit (LOC) of USD 25 million to the Eastern and Southern African Trade and Development Bank (PTA Bank)

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....tember 14, 2010   To All Category - I Authorised Dealer Banks Madam / Sir, Export-Import Bank of India (Exim Bank) has concluded an agreement dated July 27, 2010 with the Eastern and Southern African Trade and Development Bank (PTA Bank), Kenya  making available to the latter, a Line of Credit (LOC) of USD 25 million (USD twenty five million). The credit is available for f....

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....ate of the Credit Agreement). 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Reserve Bank from time to time. 4. While no agency commission shall be payable in respect of exports financed under the above line of credit, Reserve Bank may consider, on merits, requests for payment of commission up to a maximum extent of 5 per cent of the f....