This bank signed pacts with the Union Cabinet under BRICS Mechanism? – InterviewSolution

InterviewSolution

1.	This bank signed pacts with the Union Cabinet under BRICS Mechanism?
Answer» The Cabinet approved the signing of Interbank Local Currency Credit Line Agreement and Cooperation Memorandum relating to Credit Ratings by Exim Bank with member banks under BRICS Interbank Cooperation Mechanism. It has authorized Board of Directors of Exim Bank to negotiate and conclude any individual contracts and commitments within their framework as both agreements are non-binding in nature.

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