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Monday, Dec 26, 2005


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Money & Banking - Public Sector Banks


Bank of India gets yen credit line

Our Bureau

Mumbai , Dec. 25

BANK of India has established a credit line of 5 billion yen from Japan Bank of International Cooperation (JBIC).

Bank of India will provide the loan to Indian importers for acquiring capital goods and services from Japan under JBIC line of credit.

"This is for the first time JBIC extended the loan without the guarantee from the Indian Government," Bank of India said in a news release.

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