Usance L/C facility
Punjabkesari's Usance L/C facility provides the importer an opportunity to avail credit from their supplier/supplier's bank.
Deferred Payment Guarantee/Standby LC Punjabkesari's Deferred Payment Guarantee/Standby LC facility also provides the importer an opportunity to avail credit from their supplier/supplier's bank.
Punjabkesari also offers to Indian importersRupee financefor payment of goods and services imported from abroad under its various Rupee credit facilities on satisfying credit exposure norms of the Bank.
Foreign Currency Loans
Short term External Commercial Borrowings for less than three years as permitted by RBI for imports into India is allowed by our overseas branches to Indian importers at very competitive rates. These are generally backed by L/Cs opened by importer's bank. Indian importers can also avail this facility from our overseas branches as roll-over credit on their bank agreeing to extend the L/C in favour of our overseas branches.