Examples of Public Sector Bank in a sentence
For Foreign Seller: The payment will be arranged through Letter of Credit from Reserve Bank of India/State bank of India/ any other Public Sector Bank, as decided by the Buyer, to the Bank of the Foreign Seller as per mutually agreed terms and conditions.
The Bank Guarantee shall be issued from (a) a Public Sector Bank or (b) a Scheduled Indian Bank.
The payment will be arranged through Letter of Credit from Reserve Bank of India/State bank of India/any other Public Sector Bank, as decided by the Buyer, to the Bank of the Foreign Seller as per mutually agreed terms and conditions.
Another sum equivalent to 10% of the value of contract, in the form of an irrevocable and unconditional Bank Guarantee issued by State Bank Of India or any of Its Associate Banks or by any Public Sector Bank in the format prescribed in Appendix-IV which shall be enforceable till six months after the expiry of the contract period.
Security money – Successful tenderer are required to deposit security money in the form of Bank Draft of any schedule Bank drawn in favour of “BHARAT COKING COAL LIMITED” payable at Dhanbad or in the form of Bank Guarantee of a Public Sector Bank of 10% value of the order(value means F.O.R destination price) within 15 days from the date of receipt of order otherwise supply order shall be cancelled and firm’s performance is to be kept recorded for future dealings with them.