Professional Documents
Culture Documents
Banks that focus purely on retail clientele are relatively few, and most retail
banking is conducted by separate divisions of banks, large and small. Customer
deposits garnered by retail banking represent an extremely important source of
funding for most banks.
While that law was repealed in the 1990s, corporate banking and investment
banking services have been offered for many years under the same umbrella by
most banks in the United States and elsewhere. Corporate banking is a key profit
center for most banks; however, as the biggest originator of customer loans, it is
also the source of regular write-downs for loans that have soured.
Corporate Banking Products and Services
The corporate banking segment of banks typically serves a diverse range of clients,
ranging from small- to mid-sized local businesses with a few millions in revenues
to large conglomerates with billions in sales and offices across the
country. Commercial banks offer the following products and services to
corporations and other financial institutions:
Loans and other credit products – this is typically the biggest area of
business within corporate banking, and as noted earlier, one of the biggest
sources of profit and risk for a bank.
Treasury and cash management services – used by companies for managing
their working capital and currency conversion requirements.
Equipment lending – commercial banks structure customized loans
and leasesfor a range of equipment used by companies in diverse sectors
such as manufacturing, transportation and information technology.
Commercial real estate – services offered by banks in this area include real
asset analysis, portfolio evaluation, and debt and equity structuring.
Trade finance – involves letters of credit, bill collection and factoring.
Employer services – services such as payroll and group retirement plans are
typically offered by specialized affiliates of a bank.
Through their investment banking arms, commercial banks also offer related
services to their corporate clients, such as asset management and
securities underwriters.
For proof of the importance of banks to the economy, one needs to look no further
than the global credit crisis of 2007-08. The crisis had its roots in the U.S. housing
bubble and the excessive exposure of banks and financial institutions around the
world to derivatives and securities based on U.S. home prices.
This near-death experience for the global economy led to renewed regulatory focus
on the largest banks that are deemed “too big to fail” because of their importance
to the worldwide financial system.
JPMorgan Chase
Wells Fargo
Bank of America
Citigroup
U.S. Bancorp
ICICI Bank offers a wide range of collection products to meet the specific
requirements of the clients like local cheque collections, upcountry cheque
collections, cash collections and electronic collections. With a wide network,
customised MIS and multiple channels for delivery of MIS, ICICI Bank renders
quick and effective management of receivables.
Payments
The payment solutions offered by ICICI Bank include bulk disbursement solutions
for making payments to channel partners through multiple modes, Payable at Par
solutions for payment of dividend, interest or for redemption and internet-based
cheque writing facility for printing of cheques at your own premises.
Key Benefits
Features
Cheque Collections
ICICI Bank offers a wide network of 840 own locations for collection of cheques. The
various services offered under cheque collections are as follows:
Cash Collections
ICICI Bank has gained vast experience in handling doorstep banking services. The
various services offered under doorstep banking include
Cash pick-up
Cash delivery
Of these services, cash collection service has gained immense popularity across
various industry segments. ICICI Bank has implemented various customised cash
pick-up solutions to meet specific requirements of our customers. These solutions
provide various benefits such as
ICICI Bank has pioneered Doorstep banking in India, with the largest network
offering cash pick-up /delivery services.
e-Collections
e-Collections facilitates identification of the details of collections received through
RTGS and NEFT. Through this product, you can avail customized MIS for credits
received from your dealers and other business partners through RTGS and NEFT.
Features
Real time credit for Collections received through RTGS and NEFT
Details of the remitter available
Frequency of MIS customizable as per requirement
MIS available on email or host to host platform, in text, excel or xml formats
Payments
ICICI Bank offers payment solutions that cater to all the requirements of a
corporation. The payment product suite includes bulk disbursement solution
through Integrated Payment System, Internet-based cheque writing which
facilitates printing of instruments at your own office and Payable at Par solution
for payment of dividend, interest and for redemption.
Key Features
Paper-based payment modes offered under the CMS payment solutions include
cheque printing, Demand draft printing and Internet-based cheque writing.
Cheque Printing
One of the preferable modes of making payment used by corporates is through the
issuance of customer cheques. ICICI Bank offers customised cheque-writing
solutions to various companies. This facility includes printing, signing and despatch
of cheques. One important feature of customer cheques is that they can be
customised to suit your exact requirement.
Cheque printing is offered to corporates for making payments. Along with printing
the instrument, the customer has an option to print the cover note advice and imprint
the facsimile signature of the signatories of the company. The advice shows
beneficiary details and some additional fields of information as required by you.
Further, ICICI Bank also offers remote cheque printing solutions wherein cheques
are printed at various locations across India and are dispatched to Client office.
Through this facility the turn around time for delivery as well as the costs involved
are reduced.
Cheques can be printed decentrally at your premises. This would reduce the turn
around time involved in the delivery of cheques
Timely disbursement of funds with practically no paper work at the back office
Both three per page and cover note stationery can be used for printing (advices and
annexures cannot be printed)
Minimum processing cost on account of Straight Through Processing of cheques
without any intervention of ICICI Bank
Convenience of e-authorisation for all uploaded transactions
Larger geographical reach for making payments
Electronic Payments
Funds Transfer
This facility can be used for payment by customers to beneficiaries who are ICICI
Bank account holders. This method of funds transfer is the fastest and the most
secure form of remittance.
Real Time Gross Settlement (RTGS)
RTGS offers functionality of online, real time, funds transfer facility across banks.
This facility can be used for transfers involving an amount greater than or equal to
Rs. 2,00,000. RTGS advantages include
Dividend Payments
You can choose among a wide array of payment modes that include physical as
well as electronic modes. The physical modes of payment comprise of warrants
and demand drafts, including foreign demand drafts. The electronic modes of
payment comprise of Funds transfers to ICICI Bank account holders, Real Time
Gross Settlement (RTGS), Electronic Clearing Service (ECS), National Electronic
Funds Transfer (NEFT) and Foreign Telegraphic Transfer (FTT).
Tax payments
In today's intensely busy business world, every minute is precious. In this scenario,
tax paperwork can be a tedious process. ICICI Bank with its technology-driven
banking, gives you a better option - Online Tax. The key features of the Online
Tax payment process are:
Corporation Tax
Service Tax
Tax Deducted at Source
Income Tax
Wealth Tax
Central Excise
Trade Services
ICICI Bank offers a wide range of trade services designed to meet a range of short
term to medium term trade financing requirements, so that your company can seize
new business opportunities whenever they arise. Customers can benefit from our
streamlined processes based on a sound technological backbone that are designed
to provide best in class service levels, and reduce the hassles associated with trade
transactions. Whether you are an importer or exporter, our correspondent network of
over 381 foreign banks across 57 countries, and foreign currency Nostro accounts in
more than 30 currencies, will ensure that we meet almost all your international trade
requirements.
With our expertise and experience, we can also structure and customise solutions to
meet customers’ specific requirements.
Imports
Letter of Credit
A Letter of Credit (LC) is a written undertaking issued by a bank on behalf of its
customer in favour of the beneficiary to pay a certain sum of money against
presentation of stipulated set of documents that comply with the terms of the LC.
Under an LC, the creditworthiness of the bank replaces that of the customer. ICICI
Bank issues, amends and pays sight and usance letters of credit. Customers can
benefit from our expertise in structuring the instrument in the best manner.
The ICICI Bank Edge
1. Competitively priced
2. Quick turnaround time
Exports
Export Finance
The export finance scheme is intended to make short-term working capital finance
available to exporters at internationally comparable interest rates.Exporters have the
option of availing both pre-shipment and post-shipment finance in either in rupee or
in foreign currency from ICICI Bank.As per regulations, no worthwhile export order
should be denied packing credit from the banking sector. Packing credit is released
in lump sum or in stages, as per the requirement for executing the orders/LC.
Post-shipment credit runs from the date of extending credit, after shipment of goods
to the date of realisation of export proceeds. Post shipment credit may be provided
as requested by the exporter for part or full value of the bills submitted
The ICICI Bank Edge
1. Competitively priced
2. Quick turnaround time
Pre-shipment Finance
ICICI Bank provides pre-shipment finance both in rupee as well as foreign currency
at competitive rates. Pre-shipment/export packing credit is available to the exporters,
for financing purchase, processing, manufacturing or packing of goods prior to
shipment or working capital expenses for rendering of services on the basis of:
Letter of Credit opened in favor of the exporter or in favor of some other person, by
an overseas buyer;
A confirmed and irrevocable order for the export of goods from India;
Any other evidence of an order or export from India having been placed on the
exporter or some other person, unless lodgment of export order or Letter of Credit
with the bank has been waived.
Export LC Advising
Any Letter of credit is forwarded to the beneficiary by the advising bank. The
advising bank acts as a conduit between the issuing bank and the beneficiary. The
advising bank ensures that the LC is apparently authentic, the international banks
use test key arrangements with correspondent banks to ensure that messages used
are secure.
The exporter benefits from timely receipt, expert advice and a wide international
network of ICICI Bank.
Export LC Confirmation
Confirmation of LC constitutes an undertaking on part of the confirming bank to pay
to the negotiating bank or the beneficiary without recourse if the documents are
presented in accordance with the terms and conditions of the LC. This undertaking
is in addition to the undertaking provided by the issuing bank.
The exporter can eliminate the credit risk, foreign bank risk and country risks from
his export transaction once ICICI Bank add its confirmation to the Letter of Credit.
The exporter is assured of payment, subject to non-discrepant documents,
irrespective of non-payment by LC opening bank.
Export Bill Negotiation
ICICI Bank negotiates the export bills drawn under Letter of Credit, if the documents
are found to be credit compliant in terms with the Letter of Credit conditions. ICICI
Bank negotiates the bills at very competitive rates both in rupee as well as foreign
currency with world-class service standards. Negotiation under LC is much simpler
than availing regular working capital limits from a bank.
Purchase/Discounting of Export Bills
Against sanctioned credit limits, ICICI Bank can pay you the exporter the discounted
value of the invoice, immediately up on shipment. ICICI Bank offers this service at
competitive rates both in rupee as well as foreign currency and with world-class
service standards.
Export Bill under Collection
Export bill collection means sending of export bills to overseas bank/buyer through
his bank to collect payment under export bills. The exporter can eliminate multiple
exporting hassles by availing documentary collection activities with ICICI Bank. The
exporter stands to benefit from increased control over export receivables and have
an efficient cash flow management.
e-Softex
e-SOFTEX as an application was conceived primarily to address the software
exporters’ requirements of managing its banking processes in relation to export
invoices, viz. softex management. This system leverages digitization to enable the
exporters to manage its entire export invoice lifecycle. This is a first-of-its-kind
product offering in the country for the IT segment.
The product has been created with critical inputs from IT companies across the
spectrum. The application offers a unique remittance linking and e-FIRC facility
where the exporter can upload and track all its remittances to get a comprehensive
view of his realizations. Extensive reports and MIS can be accessed and
downloaded for the ease of tracking. This service additionally provides quick
regularization of softexs’ giving a seamless experience to the software exporters.
e-LC
This service allows the beneficiary to get a Single point access to the repository of
all advised LCs in Trade Online. It further eliminates the need to get the physical LC
confirmed from issuing bank for authenticity. The exporter gets near real time
intimation to beneficiary once LC is transmitted & advised. Additionally
SWIFT/SFMS message of LC can be viewed or downloaded as per requirement
Guarantees
In an increasingly challenging business environment, a bank guarantee is an
effective way of securing performance and payment. A company is often required to
submit a Bank Guarantee while entering into a large-scale business transaction or
carrying out a high-value project or receiving advance payment for working on a
project. We provide world-class bank guarantee services for both domestic as well
as international markets and in this way also assure your clients of your strong
commitment. Some of the variants of guarantees offered include:
Performance Guarantees
Financial Guarantees
Bid Bond Guarantees
Advance Payment Guarantees
Deferred Payment Guarantees
Standby Letter of Credit
Benefits
Vault of all advised BGs
Client needs to submit a one-page request letter for availing the given product
offering.
Buyers credit backed by SBLC issued by ICICI Bank
Pursuant to the discontinuation of issuance of LoU/LuT by RBI for availing Buyers
credit, lender banks are permitted to take exposure in the form of direct buyers credit
(BC) by way of an unsecured facility. However, this is not a cost effective solution for
borrowers. Also, it exposes the BC lenders to higher credit risk. Accordingly, to
facilitate the working capital requirement of borrowers as well as to secure the
buyers credit facility, ICICI Bank offers issuance of BG/SBLC for buyers credit for
imports into India.
Inland Trade
ICICI Bank offers comprehensive range of Inland trade finance services that
optimizes the working capital cycle, enabling you to extend & negotiate superior
commercial terms with your customers and suppliers respectively. From financing
your suppliers/vendors to the financing of your dealers, we structure and customize
solutions suited to your specific business requirements.
Inland Letter of Credit Issuance
We issue Inland Letter of Credit on your behalf that helps you facilitate purchase of
goods and negotiate for better terms with the suppliers. Our team of dedicated
Relationship Manager/Account Manager advises you in drafting the terms and
conditions of the Letter of Credit so as to protect your interest.
Inland Bill Discounting (Under Letter of Credit)
We provide finance by discounting inland bills drawn under Letters of Credit issued
by scheduled commercial banks and MNC banks in India. We offer a single window
contact, simplified processes and excellent turnaround time. Bill discounting facilities
are customized to suit your requirement for short term finance at competitive rates,
which enables you to have improved liquidity, accuracy and visibility of cash flow.
Inland Bill Discounting (Not under Letter of Credit)
We provide financing for bills drawn on documents against acceptance terms, to the
extent of your sanctioned credit limits to help improve your cash flows.
Bills for Collection
ICICI Bank offers efficient Bill Collection services that ensure timely receipt of
payments. Pro-active monitoring and diligent follow up results in effective control of
timely realization of receivables.
By routing your inland bills through ICICI Bank, you experience fewer delays in
receiving payments, receive customized MIS that is integrated to your ERP systems,
gain increased control over your trade receivables and efficient cash flow
management.
Remittances
Inward Remittances
ICICI Bank's wire transfer instructions is one of the easiest methods of receiving
money to your current/business account in India.All you need to do is, select the
currency in which the remittance is intended to be received, fill in your 12-digit
current account number and brief details of remittance and forward the wire transfer
instructions to your overseas business partner in getting the remittance.Please
remember to advise your overseas partner to send instructions to their Bank with
"OUR" in their charges column when they send the wire transfer.
From the time your overseas business partner places the funds transfer request with
his local bank, it takes 24-48 banking hours for the funds to reach our account held
with our correspondent bank.The Wire transfer will be processed and the money will
be credited to your account in quick time, provided you submit the required
documents defining the purpose to your ICICI Bank branch.
New- You can now also settle the inward remittances through your Corporate
Internet Banking.
For a sample wire transfer form please select currency below:
1. Arrangement with all global and local financial institution across the globe
2. Quick turnaround time
Online Trade Services
A comprehensive solution and a unique platform designed keeping in mind the end-
to-end requirements of our Trade Customers. It encompasses - Transaction,
Information and Notification.
Trade Online
Key Benefits
Convenience for submitting trade transaction for customer having current account
with the bank
Templatisation of repetitive transactions
Customised authorisation matrix at customer end
Quicker turnaround time for closure of trade transaction requests
Security Features
Robust authentication processes
Encrypted sessions between customer and the Bank (SSL v3 128 bit)
Audit trails for administrative and transactional activities
24/7 security monitoring and centralised incident management team
Access control - for compliance and audit requirements at the customer's end
Registration Process
Submit your Trade Online registration form along with Board resolution in your
branch today. Click here for downloading the forms.
FX Online
At ICICI Bank, we offer our clients customized hedging and trading solutions,
evaluating their business strategically across markets and time zones through
dedicated forex Relationship Managers. Learn more.
Blockchain
A Blockchain is a data structure that allows the creation of a digital ledger of
transactions that can be distributed amongst a digital network by using cryptography
resulting in Paperless transacting. This way, each participant on the network can
securely amend that ledger without the need for a central authority.
Our Blockchain platform are currently available for handling inland trade finance
processes between buyer, supplier and their banks. The platform is currently
available for transmitting customer’s trade documents such as purchase order, sales
invoice, transport documents, and other documents between participating banks.
General Banking
The Current Account product provides a host of services like Anywhere Banking in
India (also anywhere in the world), which enables the customer to operate from any
branch, provides for faster collection of upcountry cheques, doorstep banking which
provides for delivery and pick-up of cash and documents, Internet Banking which
enables online tracking of the account, execution of transactions and so on. Multiple
variants of current accounts are offered by ICICI Bank to suit your specific
requirements.
General features of Current Account include
Recognising the fact that every business has particular requirements, a range of
variants are available under RCA to suit varying needs. The choice of variants is
based on committed Monthly Average Balance. It is also possible to modify/alter
your current variant every month in response to changing needs.
Benefits
Choose an account type that suits your business, from the available variants
Cheque issued from your RCA may be encashed at any of the 700 centers across
India
Allows your customer to deposit cheques into your account from any ICICI Bank
branch
Speedy reflection of the deposited cheque in your account
Depending on the services required, you may either maintain the required Monthly
Average Balance (MAB) or pay fees as per the volume and the services utilised.
Special features of the M2O Account include
Escrow Account
At ICICI Bank, we provide escrow services for cash and demat transactions. The
Escrow services are offered to meet diverse requirements of clients that include the
following:
Benefits
Global Markets
ICICI Bank offers innovative FX services and products to its clients, based on their
unique requirements. We incorporate the best practices followed globally and
leverage technology to deliver bespoke solutions and a user- friendly experience.
About Global Market
Forex Desk
At ICICI Bank, we offer our clients customised hedging and trading solutions, across
markets and time zones through dedicated forex Relationship Managers.
Derivatives Desk
At ICICI Bank, our clients have the advantage of competitive pricing through one of
the largest USD/INR options book in India and market making in interest rates and
currency derivatives in all G7 currencies.
Bond Desk
ICICI Bank is a leading participant in the Indian fixed income markets. Our Debt
Syndication Desk offers end-to-end services related to origination and placement of
bonds & commercial papers across various issuer and investor segments. Given our
time-tested expertise in the domestic debt market, we have strong relationships with
bank treasuries, mutual funds, insurance companies, retirement funds, foreign
portfolio investors, corporate treasuries and trusts.
Treasury Research
The customers are also provided with regular market updates, both quantitative as
well as qualitative research on macroeconomics and financial markets.
ICICI Bank acting as a Lead Manager for Debt Public Issuance of DHFL
The draft shelf prospectus has been filed with BSE and NSE on May 04, 2018, by
Dewan Housing Finance Limited to seek comments from the investors.
1. Shelf Prospectus
2. Tranche Prospectus
3. Download Application Form
Investment Banking
ICICI Bank's Global Investment Group services you through the entire length of your
project. From advisory and strategising services to successfully executing profitable
deals to handling all the banking requirements, ICICI Bank provides the support at
all stages.
Debenture Trusteeship
Debenture Trustee for residual cases. Not accepting any fresh issue since 2000 due
to amendment to the SEBI (Debenture Trustee) Regulation 1993.
COPORATE BANKING SBI
CORPORATE BANKING
CAG is the dedicated SBU of the Bank handling the portfolio of ‘large credit'. The
SBU has 7 Offices in 6 regional centers viz. Mumbai, Delhi, Chennai, Kolkata,
Hyderabad and Ahmedabad headed by General Managers. The business model of
CAG is centered around the Relationship Management concept and each client is
mapped to a Relationship Manager who spearheads a cross-functional Client
Service Team. The Relationship strategy is anchored on delivering integrated and
comprehensive solutions to the clients, including structured products, within a
strict Turn-Around-Time. The principal objective of the strategy is to make SBI the
first choice of the top corporates thereby increasing the wallet-share and improving
the Return on Capital Employed. A sustained Account Planning exercise with
rigorous review of the account by senior management sets the pace for the
Relationship Management in CAG
SBI is a one shop providing financial products / services of a wide range for large,
medium and small customers both domestic and international.
Working Capital Financing
Assistance extended both as Fund based and Non-Fund based facilities to
Corporates , Partnership firms , Proprietary concerns
Working Capital finance extended to all segments of industries and services sector
such as IT
Term Loans
To support capital expenditures for setting up new ventures as also for expansion,
renovation etc.
Deferred Payment Guarantees
To support purchase of capital equipments.
Corporate Loans
For a variety of business related purposes to corporates.
Export Credit
To Corporates / Non Corporates
Strategic Business Units
Corporate Accounts Group (CAG)
Project Finance
Lease Finance
o An exclusive unit providing one stop shopping to Corporates
o A dedicated set up specialised in financing of infrastructure and other large
projects
o Exclusive set up for handling large ticket leases.
Pricing
SBI's Prime Lending Rates (PLR) are among the lowest
Presently Bank has two PLR's
SBAR for loans payable on demand and upto one year
SBMTLR for loans payable beyond one year.
PROFILE
An integrated solution for all financial challenges faced by the corporate universe.
The primary delivery channels are The Corporate Banking Group and the National
Banking Group
The Corporate Banking Group consists of dedicated Strategic Business Units that
cater exclusively to specific client groups or specialize in particular product
clusters.
The Corporate Banking Group consists of dedicated Strategic Business units viz.
o Corporate Accounts Group (CAG),
o Project Finance unit and
o Leasing unit.
The National Banking Group also delivers the entire spectrum of corporate
banking products to other corporate clients, on a nationwide platform.
Complete Range of Products and Services
The SBI offers an exhaustive range of financial products and services that answers
any business or market circumstance, backed by an assublack expertise in
customizing the product to meet the most sensitive specificities of each client and
each business context.
It is committed to understanding the finest nuances of your business objectives
and engineering cblackit and non-cblackit solutions to suit them.
Its team of highly skilled and experienced product specialists can help you
forecast your cblackit patterns and structure complex transaction requirements.
The SBI Edge
Commanding unsurpassed respect and legacy in the Indian financial expanse, the
SBI is committed to offering you financial solutions that extract maximum value
from business and market situations.
While the bank is strongly positioned to structure financial packages that
anticipate the changing business environment, its vast network--the world's
largest--ensures delivery channels of unmatched reach, both in India and abroad.
CORPORATE ACCOUNTS GROUP (CAG)
Project & Medium Term Loans 5-7 years or Same as above - Base
Capex loans longer in exceptional cases Rate (BR) upwards.
Purpose Pricing
Short Term Corporate Loans For Shoring up Net Working Capital, Based on
Ongoing capital expenditure, the Credit
Repayment of high cost debt, R&D risk rating
expenditure, implementation of VRS - Linked
to our
Base Rate
(BR)
Fee Based Products - like Letter of For import of goods including capital Large
Credits(LCs), Guarantees, Defferred goods participation in international value
Payment Guarantees(DPGs) and Letter bids, performance guarantees etc. business -
of Comfort negotiable.
TRADE FINANCES
MCRO Chennai-I & The General Manager (MC-I ) & 044- gm.mcche@sbi.co.in
II (MC-II) 28243620 gm2.mcche@sbi.co.in
State Bank of India Mid Corporate 044-
Regional Office, 34, College 28243630
Road, Nungambakkam, Chennai
600 006
SBI offers :-
Working Capital Finance
Project Finance
Deferred Payment Gaurantees
Corporate Term Loans
Structured Finance
Dealer Financing
Channel Financing
Equipment Leasing
Loan Syndication
Financing Indian Firms Overseas Subsidiaries or JVs
Construction Equipment Loan
INDUSTRIAL SECTOR
Transport Plus
Purpose
To finance new trucks/tankers/trailers/tippers/luxury buses and Car etc and WC
finance against receivables.(Take over from other Banks/FIs not allowed).
Eligibility
Profit making Corporates/Non-corporates (surface transport operators) owning
more than 10 well-maintained vehicles (including the proposed).
Type of Facility
(i) Term Loan and (ii) Cash Credit limit to finance receivables.
Quantum of finance
Term Loan and CC combined : Minimum Rs. 10 lacs and maximum Rs. 10 crores
for Corporates.
Repayment
Term Loan: Maximum 5 years.
Repayment will be in Equated Monthly Installments (EMI), starting two months
after disbursement. Cash Credit: Repayable on demand, renewal every year.
EMI Calculator
Margin
Term Loan and C.C : 20%
Eligible amount of finance
Term Loan:Cost on Road i.e. Billing price of the vehicle + Cost of body building +
Road Tax & Insurance
Cash Credit : 80% of receivables.
Prepayment
Term Loan: Maximum 1% p.a. on the pre-paid amount, for the residual period.
Rate of Interest
As per Card Rates.
Security
Primary :Hypothecation of vehicles financed as well as book debts.
Collateral :
Unencumbered vehicles/immovable properties for a value not less than 25% of
loan amount.
Personal guarantee of promoters and two third-party guarantors.
Insurance
As per Banks guidelines.
Applicability
Metro/urban/semi-urban centers
Bill Finance
The bank?s bill finance product helps you bridge the fund gap between the date of
sale of products to the receipt of payments.
The bank purchases the bill of exchange your company receives against a product
sale, at a discount, thus doing away with the delay in realizing the receivables.
The extent of discounting would amount to the interest calculated till the payments
for the original sale are realized, and will be determined on the basis of market
interest rates as well as the credit rating of the borrower.
Cash Credit for Traders
SBI cash credit can be in the form of a running account, similar to an overdraft
secured by a charge on current assets, that meets the frequent cash requirements of
your trading cycle.
Term Loan for Asset Aquisition
The specialized product has been designed to help you purchase plant, machinery,
land or other physical assets required during the growth and expansion of the your
company.
Letters of Credit
The SBI offers Letters of Credit to facilitates your purchases of goods in trading
operations, both domestic and international. Backed by the SBI's strong reputation,
you will be able to build better trust in trade and forge business relationships faster.
The bank's vast network of branches and correspondent banks enables your
enterprise to sustain a seamless flow of business on a wide platform.
Further, the bank's informed trade finance crew can provide you with sophisticated
credit and trade information and market knowledge, helping you extract more
value from business.
Bank Gaurantees
The SBI guarantees the creditworthiness or the business capacity of its clients
through its financial and performance guarantees.
SPECIALIZED PRODUCTS