Jain, who appears for the petitioner, says that the interest @
1% plus LIBOR is charged only when remittance is made.
3. On the other hand ... that the
two transactions are different. According to them, interest @ 1%
plus LIBOR is charged as and when Packing Credit in Foreign
Currency (PCFC) facility
officials/employees of our Bank, shall be
returned with interest @ 3 months LIBOR + 50 basis point to
PNB within 30 (thirty) days of the aforesaid ... officials/employees of our Bank, shall be
returned with interest @ 3 months LIBOR + 50 basis point to
PNB within 30 (thirty) days of the aforesaid
opinion correctly,
come to conclude that it would be the international LIBOR rate which
would govern as opposed to what may have been adopted ... loan has been given in USD,
the interest rate will be LIBOR+. The international rate fixed by
the LIBOR has to be considered for bench
deposits of NRI's
a favourable rate of interest as against LIBOR rates of interest.
Such expenses were incurred recently for marketing the Resurgent
deposits of NRI's
a favourable rate of interest as against LIBOR rates of interest.
Such expenses were incurred recently for marketing the Resurgent
deposits of NRI's
a favourable rate of interest as against LIBOR rates of interest.
Such expenses were incurred recently for marketing the Resurgent
deposits of NRI's
a favourable rate of interest as against LIBOR rates of interest.
Such expenses were incurred recently for marketing the Resurgent
deposits of NRI's
a favourable rate of interest as against LIBOR rates of interest.
Such expenses were incurred recently for marketing the Resurgent
deposits of NRI's
a favourable rate of interest as against LIBOR rates of interest.
Such expenses were incurred recently for marketing the Resurgent
deposits of NRI's
a favourable rate of interest as against LIBOR rates of interest.
Such expenses were incurred recently for marketing the Resurgent
