FOREX

  • US Dollar 1 Buying 113.7 Selling 114.3
  • Great Britain Pound 1 Buying 145.50 Selling 147.32
  • Euro 1 Buying 128.77 Selling 130.38
  • Australian Dollar 1 Buying 81.034 Selling 82.046
  • Canadian Dollar 1 Buying 85.187 Selling 86.252
  • Japanese Yen 10 Buying 10.361 Selling 10.491
  • Singapore Dollar 1 Buying 83.180 Selling 84.220
  • Swiss Franc 1 Buying 113.43 Selling 114.85
  • Chinese Yuan * 1 Buying 16.508 Selling 16.715
  • Indian Rupees 1 Buying 1.6 Selling 1.6015
  • Qatari Riyal 1 Buying 30.630 Selling 31.013
  • Saudi Arabian Riyal 1 Buying 29.755 Selling 30.127
  • Thai Baht 1 Buying 3.5811 Selling 3.6259
  • Malaysian Ringgit 1 Buying 27.168 Selling 27.508
  • UnitedArabEmirates 1 Buying 30.372 Selling 30.752
  • South Korean Won 100 Buying 10.130 Selling 10.257
  • Danish Kroners 1 Buying 17.082 Selling 17.296
  • Hong Kong Dollars 1 Buying 14.312 Selling 14.491
  • Swedish Kroner 1 Buying 12.486 Selling 12.642
  • Kuwati Dinar 1 Buying 367.52 Selling 372.11
  • Bahrain Dinar 1 Buying 294.69 Selling 298.38

As per Jan 17, 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.