Bank provides working capital finance to trading firms, industries, and other business entities by assessing current assets and liabilities. Business can draw up to the limit determined by the drawing power which is being appraised on a regular basis.
Bank offers working capital finance to meet short-term fund requirement for managing the day to day operation of the business. Bank’s working capital finance is extended to meet the different demands from all segments of industry, trade and the services sector. Assistance is extended by way of Fund based and Non-Fund Based facilities to business entities and public sector undertakings (PSUs). Funded facilities include Overdraft, Demand Loan, Bill Discounting, etc. Non-funded instruments comprise Letters of Credit as well as Bank Guarantees to cover advance payments, bid bonds, performance bond, etc.
Bank provides fund based and non-fund base credit facilities for new project as well as expansion, diversification, and modernization of existing projects in Infrastructure and Non- Infrastructure Sector.
Some of The Major Areas of Project Finance & Infrastructure Finance:
- Power Sector including Renewal Energy Projects in Solar and Hydro Power.
- Aviation Sector
- Manufacturing Unit – Cement, Steel, beverage, pipes, poultry/cattle feed, etc.
Bank offers Term Loans to support capital expenditures for setting up/starting industrial and new business unit as well as for expansion.
Through an extensive global network that aid domestic and international transaction, the bank facilitates export and import in local and foreign market through offering facilities like LCs, SWIFT transfers and Guarantees etc. The bank also offers Trust Receipt, Pre-shipment & Post Shipment loans as a part of import/export finance.
We have been arranging financial closure for Capital Intensive Projects like Hydropower, Manufacturing industries, Hospital, Airlines, Hotels etc and sole distributors of various automobiles, FMCG products etc.
We have currently managed various consortium under our lead and also participated in different consortium as a member.
We are open to exploring of such possibilities of finance as a lead as well as member bank in the future as well.