FOREX

  • US Dollar 1 Buying 109.30 Selling 109.90
  • Great Britain Pound 1 Buying 144.34 Selling 146.14
  • Euro 1 Buying 123.36 Selling 124.90
  • Australian Dollar 1 Buying 77.329 Selling 78.296
  • Canadian Dollar 1 Buying 81.555 Selling 82.574
  • Japanese Yen 10 Buying 9.7659 Selling 9.8880
  • Singapore Dollar 1 Buying 80.332 Selling 81.336
  • Swiss Franc 1 Buying 108.15 Selling 109.50
  • Chinese Yuan * 1 Buying 15.989 Selling 16.189
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.445 Selling 29.813
  • Saudi Arabian Riyal 1 Buying 28.609 Selling 28.967
  • Thai Baht 1 Buying 3.4458 Selling 3.4888
  • Malaysian Ringgit 1 Buying 26.356 Selling 26.685
  • UnitedArabEmirates 1 Buying 29.197 Selling 29.562
  • South Korean Won 100 Buying 9.6666 Selling 9.7874
  • Danish Kroners 1 Buying 16.369 Selling 16.574
  • Hong Kong Dollars 1 Buying 13.748 Selling 13.919
  • Swedish Kroner 1 Buying 11.716 Selling 11.862
  • Kuwati Dinar 1 Buying 352.99 Selling 357.40
  • Bahrain Dinar 1 Buying 283.19 Selling 286.72

As per Mar 19, 2019 | 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.