WORKING CAPITAL SOLUTIONS

​Corporate Banking Services are an integral part of the Wholesale Banking structure, which focus on offering a full range of services to multinationals, large dom​estic corpora​tes and institutional clients.​

Working Capital 
 
Working capital is the finance/funding requirement of an entity to run their business. Our services include market-leading advice on leveraged financing, project and export finance, structured finance, structured trade finance and financing solutions to help you meet your strategic objectives. Our Working Capital products include but are not limited to Overdraft, Demand Loans, Term Loans, Fixed/Call Deposits, Trade Services etc.
 
Overdraft 
 
An Overdraft is a facility granted to you whereby you can overdraw your current account up to an agreed limit. Overdraft is an efficient form of borrowing as you pay interest only for the time you use the money. It gives you flexibility to deposit money at any time into the account to reduce the outstanding balance or can draw out money whenever you need it as long as you do not exceed the limit. Interest is calculated daily on the fluctuating outstanding balance and is normally charged at the end of each month.

Term Loans 
 
A Term Loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid. The ability to repay over a long period of time is attractive for your new or expanding enterprises based on the assumption that they will increase their profit over time. Term loans are a good way of quickly increasing your capital in order to raise a business’ supply capabilities or range.
 
Call Deposits

This is a current account that earns nominal interest for the customer. Customers having surplus funds can deposit this into a Call Account to earn interest and withdrawals and deposits can be made at any time. Interest is calculated daily on the available balance and is normally credited at the end of each month. We offer competitive market rates.​

Fixed Deposits

A fixed deposit is a financial instrument offered to customers which allows them to earn a higher rate of interest than a regular savings account, up to the given maturity date. It is also known as a term deposit or time deposit. These are considered to be very safe investments. Under a fixed deposit, money may not be withdrawn before maturity as compared to a recurring deposit or a demand deposit.

Corporate Credit Card 

A credit card is a payment card issued to Customers as a system of payment. It will allow your company to make payments at ministries, government and private entities for goods and services. You will have flexible options to pay the bank within a pre-defined period. The issuer of the card creates a revolving account and grants a line of credit for you from which you can borrow money for payment to a merchant or as a cash advance.