Different industries have different operating cycles and so do the requirement for working capital. Our overdraft credit limits are tailored to suit general and industry specific current assets management, at competitive prices. Manage your general working capital or transaction/trade specific requirements smoothly with our Business Overdrafts.
Convenient source of fund to manage payments to suppliers/vendors until proceeds of credit sales are realized
Revolving credit facility that ensures ready availability of funds at all times.
Interest tied to facility utilization days ensures your interest expenses are contained
Continuous guidance and advisory services through dedicated relationship managers
For detailed information, please visit a branch near you or contact our Relationship Managers. You can also contact us at.
Corporate Banking Division
1st Floor, Nabil Centre,
1. Proposal incorporating at least the following:
The nature of business, location(s)
Introduction and experience of owners
Major suppliers/vendors/service providers
Major customers or customer segments
Declaration of existing credit facilities enjoyed from us or other financial institutions (if any)
Requirement for credit facility and its business justification
Future business plans
Details of securities offered against credit facility
Construction completion certificate from competent authority in case if building is offered as collateral security
2. Past three years' audited financial statements with next three years projections.
3. Projected financial statements for start-ups and new businesses (less than two years old)
4. Certificate of Firm/Company registration
5. Tax Identification Certificate or PAN
6. Memorandum and Articles of Association (as applicable)
7. Certified shareholding pattern if shareholders have changed
8. Tax paid receipt of last financial year (the most recent available)
9. Copy of land registration certificate proposed for security (if any)
10. Insurance policies and premium paid receipts of assets (if any)
After discussing your business requirements in detail, we may require additional documents depending on the proposal.
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