Exclusive desk handling Trade Finance requirements of the Corporate is set up at the branches. The list of the services includes handling various types of export and import bills on collection basis, processing, providing timely and detailed MIS as required by the Corporates. Also, includes opening Letters of Credit and issuance of bank guarantees.
We offer both Buyers Credit and Suppliers Credit. The finance is available in all major currencies i.e. USD, GBP, EURO and Japanese Yen.
We offer the following facilities in both INR and foreign currencies.
The facility is offered to an exporter by way of packing credit to enable him to finance purchase or import of raw materials, processing and packing of the goods meant for exports.
Credit is offered to an exporter to finance export sales receivables after the date of shipment of goods till the date of realization of export proceeds.
This facility will be provided to the Exporters whose limits are in place in the form of a loan provided to bridge the working capital gap that exists before the export proceeds are realized. The interest rate for this advance is similar to the rate charged for the Post-shipment for exports as per RBI Guidelines. Once the export proceeds are realized the loan is liquidated.