To Avail Buyer’s / Supplier’s Credit: E: firstname.lastname@example.org, M: +919825560186
RBI reviewing the developments in global finance markets and the fact that domestic importers are experiencing difficulties in raising Trade Credit (Buyers Credit / Suppliers Credit) within the existing all-in-cost ceiling, RBI has made below changes in the existing policy.
- Revision in Interest Rate for tenure Upto 3 years : From 6 Month LIBOR + 200 bps to 6 Month LIBOR + 350 bps
- Effect From: Immediately
- Applicable Upto: 31/03/2012 (Subject to review there after)