#1
January 14th, 2016, 09:52 AM
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Bank Of Baroda FCNR B
Hello sir, I want to know about FCNR B from Bank of Baroda. Will you please tell me what the minimum amount of FCNR B loan is?
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#2
January 14th, 2016, 10:19 AM
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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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