On January 9, 2023, the State Bank of Vietnam (SBV) – Ho Chi Minh City branch issued Decision No. 23/QD-HCM revising the contributed capital substance in the License of the Bank of India - Ho Chi Minh City (HCMC) Branch.
Accordingly, the SBV – Ho Chi Minh City branch has approved of a revision of the contributed capital substance as stated in Article 2 of the License for the Operations No. 10/GP-NHNN dated July 31, 2015 issued by the SBV Governor to the Bank of India – HCMC Branch, to read as follows: "Contributed capital: USD 20,500,000 (Twenty million five hundred thousand United States dollars)".
The Bank of India - HCMC Branch is responsible for registering with the competent authorities and publicizing the revised substance on the media in line with Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions.
This Decision took effect from the date of signing and shall replace Decision No.801/QD-HCM dated November 20, 2020, and is an integral part of the License for the Operations No. 10/GP-NHNN dated July 31, 2015 issued by the SBV Governor to the Bank of India - HCMC Branch.
Le Hang