FOREX

  • US Dollar 1 Buying 109.00 Selling 109.60
  • Great Brt. Pound 1 Buying 145.01 Selling 146.82
  • Euro 1 Buying 126.99 Selling 128.58
  • Australian Dollar 1 Buying 82.164 Selling 83.191
  • Canadian Dollar 1 Buying 84.424 Selling 85.479
  • Japanese Yen 10 Buying 9.8965 Selling 10.020
  • Singapore Dollar 1 Buying 80.567 Selling 81.574
  • Swiss Franc 1 Buying 108.61 Selling 109.97
  • Chinese Yuan * 1 Buying 16.736 Selling 16.945
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.364 Selling 29.731
  • Saudi Arabian Riyal 1 Buying 28.531 Selling 28.888
  • Thai Baht 1 Buying 3.3840 Selling 3.4263
  • Malaysian Ringgit 1 Buying 26.847 Selling 27.182
  • UnitedArabEmirates 1 Buying 29.117 Selling 29.481
  • South Korean Won 100 Buying 10.096 Selling 10.222
  • Danish Kroners 1 Buying 16.867 Selling 17.078
  • Hong Kong Dollars 1 Buying 13.714 Selling 13.886
  • Swedish Kroner 1 Buying 12.307 Selling 12.460
  • Kuwati Dinar 1 Buying 353.57 Selling 357.99
  • Bahrain Dinar 1 Buying 282.09 Selling 285.61

As per May 24, 2018 | View All »

Term Loan

Term Loan is granted for financing Capital/Fixed Expenses of the project, on going (expansion of the existing project) and up coming projects (New projects). If the term loan is approved as a part of the project finance, the bank, normally based on the certified report of the project under construction, disburses the whole amount of the term loan on phase basis within the approved limit of the term loan. In case, the Term Loan is provided for purchase/import of plant, machinery, furniture, equipments etc., the bank may disburse the whole amount of the approved term loan in the borrower’s checking account. In both the cases the bank as far as possible makes payment directly to the exporters or suppliers by debiting the party’s term loan account.
 
Term loan, by nature is granted for relatively longer period, and are repayable on installment basis. Term Loan’s are provided for a certain period and shall be repaid in installments. Though term loan is granted for longer period.