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Buyers Credit Norms for infrastructure companies are relaxed

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The Central Bank of India has relaxed Buyers Credit Norms for infrastructure imports under ECB Salient Points -Instead of earlier limit of trade credits of period starting 1 years to 3 year, it has now been made to period not less than 15 months; -the all inclusive costs shall be (350 basis points) 3.5% plus Libor; -Facility shall be for USD 20 Millions per transaction for import of capital goods. #pdf
Vivek Sethia

on 13 September 2012

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