Letter of Credit

We offer our customers import financing services through Letters of Credit (L/C) which are well accepted globally and supported by a strong trade finance setup.

We have correspondent banking arrangements with a large number of banks worldwide for this service. Our trade team is equipped to structure solutions for a variety of purchase requirements, ranging from simple L/Cs to revolving L/Cs, bid bonds, Standby L/Cs and other performance guarantees.

Bills & Collection

We have a strong, experienced trade finance team that focuses on client trade-related requirements, whether domestic or international. This team advises and guides clients on documentation and transactions ensuring:

• Quick turnaround times through smooth document processing
• Faster payments through constant follow-ups with correspondent banks for timely recovery of funds
• Cost effectiveness
• Better reach
• Excellent trade support
• Arrangement of credit reports of overseas parties
• Specialised advice on international trade related issues as well as technical issues such as ECM requirements, RBI reporting, new circulars and international developments

We have developed a global network of correspondent banks that enables us to handle large volume collection portfolios. We offer world-class facilities for handling collections related to international trade.

Outward Remittances

Our services in this area include:

• Payment of direct Import Bills: Processing and remittances for Import Bills directly received by importers in India.
• Advance payment towards imports: Processing and remittances towards advance payment for imports.
• Other outward remittances like dividend payouts, ECB payments, royalty, shipping, etc.