- Export Credits
- Finance for Export Oriented Units
- Overseas Investment Finance
- Lines of Credit
- SME & Agri Finance
- Film Finance
- Rural Initiatives
- Export Services
Annual Report 2011-12
:: RESOURCE / TREASURY
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Foreign Currency Resources
- The Bank raises 1-year foreign currency (FC) loans from overseas banks/ institutions for extending export credit at rates linked to LIBOR. These loans are generally raised in Japanese Yen / USD by way of bilateral / club deals.
- The Bank raises 'onshore' FC resources from banks in India.
- The Bank raises medium term foreign currency loans by way of bilateral/ club / syndicated transactions from Recognised Lenders.
- The Bank issues FC bonds/ Floating Rate notes in international markets to Recognised Lenders. The Bank has international credit ratings from Moody's (Baa3, 'Investment grade'), S&P (BBB-), Fitch (BBB-) and Japan Credit Rating Agency Ltd. ('BBB+' rating, one notch above investment grade rating), on par with sovereign rating. The Bank has set up a Medium Term Notes programme of USD 1 Bn.
- The Bank looks to raises funds generally in Japanese Yen/ Euros/ U.S. Dollars.
- Recognised Lenders include internationally recognised sources such
- international banks,
- international capital markets,
- multilateral financial institutions (such as IFC, ADB, CDC, EIB etc.,) , and
- export credit agencies
For more details contact :
Ms. Harsha Bangari,
Deputy General Manager
Tel : 91-22-22181489