MUMBAI, India, May 16 -- Reserve Bank of India issued the following notification:
RBI/2025-2026/37
A.P. (DIR Series) Circular No. 05/2025-26
May 16, 2025
All Category - I Authorised Dealer Banks
Madam/Sir
Exim Bank's GOI-supported Line of Credit (LOC) for USD 700 million
to the Govt. of Mongolia (GO-MNG), for financing construction of
Crude Oil Refinery Plant in Mongolia
Export-Import Bank of India (Exim Bank) has entered into an agreement dated January 16, 2025, with the Government of Mongolia (GO-MNG), for making available to the latter, Government of India supported Line of Credit (LoC) of USD 700 Mn(USD Seven Hundred Million only) for financing construction of Crude Oil Refinery Plant in Mongolia.
2. The export of eligible go...