![Rs1500 crore letter of credit announced by RBI for EXIM Bank Export-import Bank of India (EXIM Bank)](https://focusmerit.com/wp-content/uploads/2020/05/Export-Import-Bank-of-India-EXIM-Bank.jpg)
- ईे15000 crore Letter of Credit (LoC) will be given by Reserve Bank of India (RBI) to the EXIM Bank for 90 days period from the date of availing with rollover maximum upto 1 year.
- Along with this RBI has also increased the max. period of pre-shipment and post-shipments export credit sanctioned by Banks from 1 year to 15 months for disbursements made upto 31 July 2020.