FOREX

  • US Dollar 1 Buying 110.05 Selling 110.65
  • Great Britain Pound 1 Buying 143.89 Selling 145.68
  • Euro 1 Buying 124.57 Selling 126.13
  • Australian Dollar 1 Buying 77.871 Selling 78.844
  • Canadian Dollar 1 Buying 81.931 Selling 82.955
  • Japanese Yen 10 Buying 9.8717 Selling 9.9951
  • Singapore Dollar 1 Buying 80.972 Selling 81.984
  • Swiss Franc 1 Buying 109.73 Selling 111.10
  • Chinese Yuan * 1 Buying 16.129 Selling 16.330
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.647 Selling 30.017
  • Saudi Arabian Riyal 1 Buying 28.806 Selling 29.166
  • Thai Baht 1 Buying 3.4607 Selling 3.5040
  • Malaysian Ringgit 1 Buying 26.627 Selling 26.960
  • UnitedArabEmirates 1 Buying 29.401 Selling 29.769
  • South Korean Won 100 Buying 9.7354 Selling 9.8571
  • Danish Kroners 1 Buying 16.530 Selling 16.737
  • Hong Kong Dollars 1 Buying 13.849 Selling 14.022
  • Swedish Kroner 1 Buying 11.872 Selling 12.020
  • Kuwati Dinar 1 Buying 355.64 Selling 360.08
  • Bahrain Dinar 1 Buying 285.12 Selling 288.68

As per Mar 24, 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.