Buyer’s & Suppliers Credit
Short Term Finance to Indian Importers to facilitate import of raw materials, machinery etc. The credit is extended in USD and other major convertible currencies against Letters of Undertaking from Domestic Branches of SBI/Branches of First Class Banks in India.
We offer competitive rates for discounting of Bills under Letters of Credit for a Tenor up to 180 days. Bills of even longer period tenors could be considered subject to RBI approval.