On November 20, 2020, the State Bank of Vietnam (SBV) – Ho Chi Minh City branch issued Decision No. 801/QD-HCM on the revision of the charter capital of the Bank of India - Ho Chi Minh City (HCMC) Branch.
Accordingly, the SBV – Ho Chi Minh City branch has approved of the revision of the charter capital as stated in Article 2 of License for the Establishment and Operations of a foreign bank branch No. 10/GP-NHNN dated July 31, 2015, to read as follows: "Charter capital: USD 15,500,000 (Fifteen million five hundred thousand United States dollars)".
This Decision took effect from the date of signing and is an integral part of License for the Establishment and Operations No. 10/GP-NHNN dated July 31, 2015 issued by the SBV Governor to the Bank of India - HCMC branch.
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.
Le Hang