2016 self liquidating loan aspx

Jump to: General, Art, Business, Computing, Medicine, Miscellaneous, Religion, Science, Slang, Sports, Tech, Phrases We found one dictionary with English definitions that includes the word self liquidating loans: Click on the first link on a line below to go directly to a page where "self liquidating loans" is defined.As you are aware, in order to have all current instructions on a subject at one place, the Reserve Bank of India had issued a Master Circular IECD No.10//2001-02 dated November 19, 2001 on the captioned subject, which is now updated as on 1st July 2002. It may be noted that the Master Circular consolidates and updates all the instructions contained in the circulars listed in the Appendix, in so far they relate to providing export credit in foreign currency by banks to the borrowers. It has to be ensured that no diversion of funds is made for domestic use.

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In case of non-utilisation of PCFC drawals for export purposes, the penal provisions stated above should be made applicable and the ‘Running Account’ facility should be withdrawn for the concerned exporter.(iii) Banks are required to take any prepayment by the exporter under PCFC scheme within their foreign exchange position and Aggregate Gap Limit (AGL) as indicated in paragraph 1.1.4 (iii) (c) above.

With the extension of ‘Running Account’ facility, mismatches are likely to occur for a longer period involving cost to the banks.

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Under the DDA Scheme, it would be in order for banks to liquidate PCFC granted to a DDA holder by dollar proceeds from sale of cut and polished diamonds by him to another DDA holder.2.

POST-SHIPMENT EXPORT CREDIT2.1 Definition'Post-shipment Credit' means any loan or advance granted or any other credit provided by an institution to an exporter of goods from India from the date of extending credit after shipment of goods to the date of realisation of export proceeds.2.2.

Rediscounting of Export Bills Abroad Scheme (EBR)2.2.1 General Banks are also allowed to rediscount export bills abroad at rates linked to international interest rates at post-shipment stage.2.2.2.

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