Apex Bank definition
Examples of Apex Bank in a sentence
No proposed Subproject shall be eligible for a Sub-financing unless the BDS Grants Manager, REA (or MOE until the establishment of REA), or ARB Apex Bank, as the case may be, has determined that the proposed Subproject satisfies the eligibility criteria set forth or referred to in the BDS Grants Manual, the RE Grants Manual or the Solar PV Financing Manual, as the case may be.
Except as the Association shall agree otherwise, the Recipient shall cause ARB Apex Bank to deposit all repayments of the principal amounts of Solar PV Loans extended through the revolving line of credit facility established under Part C.4(a) of the Project, for the purpose of providing additional consumer credits and/or grants for solar PV systems in accordance with the provisions of the Solar PV Financing Manual.
Except as the World Bank shall agree otherwise, the Recipient shall cause ARB Apex Bank to deposit all repayments of the principal amounts of Solar PV Loans extended through the revolving line of credit facility established under Part C.4(a) of the Project, for the purpose of providing additional consumer credits and/or grants for solar PV systems in accordance with the provisions of the Solar PV Financing Manual.
This index is proposed since it is released by RBI (Reserve Bank of India, Apex Bank regulated by the Government of India) and also is the closest index available for cost of living and urban population.
The Project Implementing Entity shall coordinate the implementation of its Respective Part of the Project with MOE, REA (upon its establishment), VRA, ARB Apex Bank, EC, EPA, PURC and MOFEP through the Project Steering Committee.
The Project Implementing Entity shall coordinate the implementation of its Respective Part of the Project with MOE, the REA (upon its establishment), ECG, ARB Apex Bank, EC, EPA, PURC and MOFEP through the Project Steering Committee.
To this end, the Recipient shall carry out Parts A.1, A.3, A.4, C.2, C.3, and C.5 (a), (b) and (c) of the Project through MOE and cause: (a) Parts A.2, B.1, B.2 and C.1 (a) of the Project to be carried out by ECG; (b) Part C.1(b) of the Project to be carried out by VRA; and (c) Parts C.4 and C.5 (d) and (e) of the Project to be carried out by ARB Apex Bank, all in accordance with the provisions of Article II of the Standard Conditions and the Project Agreements.
A dedicated team (Project Investment Unit - PIU) reporting to the PCU will be anchored within ARB Apex Bank to manage the BFF.
The performance of the Corporate Business Correspondent (CBC) will be reviewed, CSP wise, by a committee comprising of Apex Bank and select banks in the district every month initially, and thereafter at such intervals as the banks may decide.
No proposed Subproject shall be eligible for a Sub-financing unless the BDS Grants Manager, MOE , or ARB Apex Bank, as the case may be, has determined that the proposed Subproject satisfies the eligibility criteria set forth or referred to in the BDS Grants Manual, the RE Grants Manual or the Solar PV Financing Manual, as the case may be.