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January 14th, 2016, 10:19 AM
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Join Date: Mar 2012
Re: Bank Of Baroda FCNR B

Ban of Baroda provided corporate scan that is avail loans. The Indian corporate/ firms are allowed to raise the funds through foreign currency loans at select Indian branches within the prevailing policy guidelines of the Bank/ RBI.

Broad purpose of loans

Corporate are allowed to obtain foreign currency denominated loans in India under the above scheme for the following purposes:

Customer can take loan for meeting working capital requirements in Indian Rupees
By way of pre-shipment advances/ post shipment advances to the exporters.
They can Import of raw materials.
Also Import of capital goods.
Purchase of indigenous machinery.
Repayment of the existing Rupee Term Loan
Repayment of any existing ECB's with the permission from RBI, Govt. of India.


The foreign currency loan amount is to be taken as a part of loan component provided minimum period of the loan is -6- months.

Foreign currency loan can be disbursed in -4- currencies:
US$
Sterling
Euro
Japanese Yen.

Minimum amount of the loan
US$, GBP, Euro: 100,000
Japanese Yen: 10 million.

Loan to exporters by way of Pre Shipment Credit in Foreign Currency (PCFC)/ Post Shipment Credit in Foreign Currency (PSFC)

Here you can read all terms and condition for FCNR B loan of Bank of Baroda:
FCNR B bank of Baroda terms and condition



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