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Thursday, February 23, 2012
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Loans and Advances » Corporate Loan/Business Loan Overdraft (OD): Overdraft (OD) facility will be provided to clients to meet their working capital requirement. This facility helps to the client for managing its liquidity in order to meet its obligations. Demand Loan (DL): Demand loan (DL) facility will be provided to trading firms and industries to finance their current assets like Inventories and receivables. Term Loan (TL): This facility will be provided for Fixed Asstes Investment like purchase of Land, construction and purchase of plant & machineries etc. Bridge Gap Loan (BL): This facility is short term loan in the form of interim financing provided in anticipation of advancing for longer duration. Pledge Loan: This facility will be provided to acquire/procure stock/inventory and like short term nature. Bills Purchase (BP): This facility will be provided against Clean Bills and Documentary Bills . Import Loans (IL): This facility will be extended against import of goods. Export Loan (EL): This facility will be extended to exporters which cover pre-shipment and post-shipment loans. |
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