Facilitates importers in India to raise Foreign Currency funding upto operating cycle from our overseas branches. Following are the highlights of our product-
- It helps the importer to obtain foreign currency funds from abroad by facilitating the issuance of a SBLC from our domestic branches in India who guarantees payment to the funding bank if the client fails to make the payment on the due date
- The product envisages to provide finance to those import transactions wherein documents are received by any Indian bank from any overseas Bank on sight / usance basis under collection / under LC basis
- Helps importers import capital / non-capital goods by raising funds under this product route for up to 3 / 1 year or less respectively based on varying requirements of individual business.
- Facilitates importer by providing them the competitive rate of interest on foreign currency funds raised through our wide network of foreign branches spread across the globe.