Corporate Banking

Finding wings to fly higher in corporate skies

We offer a range of financing programmes to enhance the export-competitiveness of Indian companies. We provide 360 degree support to export-oriented units by catering to long-term loan requirements that help exporters finance new projects, expand, modernize or purchase new equipment or carry out R&D; and cater to their working capital and overseas investment requirements.

We have played a catalytic role in building "brand India" by partnering with micro, small and medium enterprises (MSMEs) and enhancing their global footprint. Not only that, we have made significant strides in contributing towards economic development through our Grassroots Initiative and Development programme. Our aim is to strengthen the export capabilities of our rural enterprises and ensure all-round economic development and to enhance the purchasing power from the bottom of the pyramid.

FINANCE FOR CORPORATES

Research & Development Finance For Export Oriented Units

Our objective is to encourage Indian exporters to invest more in their R&D spend to develop new products and processes that will enhance export capabilities. With the need to bridge the funding gap of Indian exporters in the research space at our core, we have a dedicated R&D Financing Programme. Under this programme, financing can be extended to any export oriented company. Alternatively, a special purpose vehicle promoted by the company can be created irrespective of the nature of the industry.

Eligibility

  • Export oriented firms with exports (actual or projected) of at least 20% of annual turnover.

  • R&D finance is generally extended up to 7 years. However, longer tenors with suitable interest rates are considered on a case-to-case basis. A company can opt for our structured repayment option to match its cash flow.

  • Upto 80% of the total project cost can be funded.

  • Security to include, appropriate charge on the assets, Corporate Guarantee, charge/assignment on the regulatory approval/IPR, personal guarantee etc.

Contact us for further information

Pre-Shipment/Post-Shipment Credit Programme:

We understand that a primary obstacle for Indian exporters is the lack of a dependable source of financing. We attempt to bridge this gap by extending export credit to Indian exporters to meet a wide range of their trade financing requirements. We provide working capital finance by way of pre-shipment credit and post-shipment credit. We also extend non-fund based limits including issuance of Letters of Credit (both foreign & inland) and Bank Guarantees (both foreign & inland) as part of our export credit assistance to clients. The credit limits are generally operated as a running account facility. The facilities can be drawn in either Indian Rupee or Foreign Currency.

Eligibility

  • Indian exporters with a proven track record.

  • The limit should be within the MPBF of Borrower's assessed bank finance.

  • Margin of around 15%-20% under pre-shipment and around 10% under post-shipment.

  • Adequate security to be provided. Typical security includes appropriate charge on the current assets including export receivables, ECGC cover, etc.

Contact us for further information

Lending Programme for Export Oriented Units:

In order to enhance international competitiveness and the capabilities of export-oriented Indian companies, we provide term loans to finance various capital expenditures including certain soft expenditures of such companies. Loans or guarantees are extended for the expansion, modernization, upgradation or diversification projects. This includes acquisition of equipment, technology export marketing, export product development and setting up of Software Technology Parks.

Import Finance Programme

We offer a comprehensive range of products and services covering financial needs of borrower companies at all stages of business cycle to enhance the competitiveness of Indian companies. The Companies involved in manufacturing/services, having only domestic operation and no exports, are eligible for financing from Exim Bank for import of equipment/machineries for domestic projects. Financing is done towards bulk import of machineries, services for capacity expansion, modernization and infrastructure projects.

Production Equipment Finance Programme

We extend credit to eligible export oriented enterprises to enhance the export capability creation through financing non-project related equipment procurement. We offer loan for acquisition of plant and machinery, purchase of ancillary equipment including equipment for packaging, pollution control, utilities, quality assurance etc. The loans are flexible and can be extended for equipment procurement for balancing, replacement, modernization and capacity up-gradation.

Eligibility

  • Companies with a minimum export orientation (actual/projected) of 10% of their annual turnover, or exports of 5 crore p.a., whichever is lower (inclusive of exports through Export/Trading Houses)

  • Available in Indian Rupees and in foreign currency (as per extant RBI guidelines)

  • Commercial interest rates are charged on the term finance

  • The tenor range is usually 7-10 years with a suitable moratorium, and repayments in suitable monthly/ quarterly installments

  • Promoter margin is a minimum 20% and appropriate charge on the fixed assets of the company/project plus any other acceptable security including personal guarantees may be stipulated

Contact us for further information

EXIM
Advantage

  • Enhancing competitiveness of export-oriented units by financing R&D capabilities

  • Working capital needs and funding requirements taken care of at pre-shipment and post-shipment stages

  • 360 degree support to export-oriented companies

  • Including cost coverage for regulatory approvals

FINANCE FOR GRASSROOTS ENTERPRISES

FINANCE FOR GRASSROOTS ENTERPRISES

We believe in promoting all round development of the economy and have thus lent our hand of support to enterprises based out of rural areas of the country through our GRID programme. Through this initiative, we promote grassroots initiatives/technologies, particularly those having export potential. We seek to help artisans/producer groups/clusters/small enterprises across the country to realize remunerative return on their produce essentially through facilitating exports from these units.

We understand the needs of such organisations and offer
tailor-made financial products to cater to their needs. We work towards developing a robust, vibrant and holistic approach by providing assistance at various stages of product development / business cycle. The broad areas that we support include capacity building, matching grant support for product/process certification and design and packaging enhancement, working capital finance, term lending for development of common facility centres, construction of raw material bank, technology upgradation and creation of export capability.

Eligibility:

The organisations eligible for support should meet various criteria including, (but not limited to) the following:

  • Should be a legal entity registered under respective State/Central Govt. Act as a Society, Trust, Co-operative, Private Limited Company, Producer Company, NGO, Proprietorship etc

  • Should be working with communities at grassroots level for promoting income generating activities based on traditional skills

  • Should have a proven track record of creating /adopting sustainable livelihood model which could be upscaled and replicated across the geographies sharing similar characteristics (demographic, cultural, socio-economic similarities, etc)

  • Should be exporting, either directly or indirectly or should have plans for venturing into export markets

Contact us for further information

EXIM
Advantage

  • Good understanding of rural enterprises and their requirements for export capability creation

  • Quick and competitive finance both in Indian Rupee and foreign currency, customized to the needs of the organizations

  • Flexible repayment options

  • Capacity building and support for developing marketable products

  • Training and market advisory support

Guaranteed Emergency Credit Line

In response to the disruptions caused by the unprecedented COVID-19 pandemic, the Hon’ble Finance Minister, unveiled a relief package aimed at Micro, Small and Medium Enterprises (MSMEs). Subsequently, National Credit Guarantee Trustee Co. Ltd. (NCGTC), has introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providing 100% guarantee coverage for additional working capital term loans to eligible MSMEs / Business Enterprises. Features of the Scheme are as under:

Name of the Facility:

Guaranteed Emergency Credit Line (GECL)


Facility Type:

Long Term Working Capital


Eligibility:

  • Borrower accounts with outstanding loans of up to ₹50 crore as on 29.2.2020 [Total Outstanding Amount would comprise of the on-balance sheet exposure], and annual turnover of up to ₹250 crore in FY 2019-20.

  • The Scheme is valid for existing customers on the books of Exim Bank.

  • Borrower accounts should not be more than 60 days past due as on 29th February, 2020

  • In order to be eligible, the borrower must be GST registered in all cases where such registration is mandatory. This condition will not apply to borrowers that are not required to obtain GST registration.

  • The last date of disbursement under ECLGS 1.0 shall be September 30, 2021.


Loan Amount:

Maximum up to 20% of the entire fund based outstanding with Exim Bank as on 29.02.2020.


Repayment:

  • Tenor: Maximum 4 years from the date of disbursement

  • Moratorium: 12 months for principal only, interest is payable at monthly intervals

  • The principal shall be repaid in 36 equal installments after the moratorium period is over.


For further details on the above Facility, please contact your respective Relationship Manager in Exim Bank.

For detailed guidelines and FAQs on ECLGS, visit https://www.eclgs.com/

Guaranteed Emergency Credit Line – II

In continuation of National Credit Guarantee Trustee Co. Ltd.’s (NCGTC) notification dated May 23, 2020, NCGTC has informed that the scope of the ECLGS scheme has been enlarged with introduction of ECLGS 2.0. Features of ECLGS 2.0 Scheme are as under:

Name of the Facility:

Guaranteed Emergency Credit Line (GECL) - II


Facility Type:

Long Term Working Capital


Eligibility:

  • Under ECLGS 2.0, all Business Enterprises /MSMEs in the 26 Covid related stressed sectors identified by the Kamath Committee on Resolution Framework and the Healthcare sector who have availed loan for business purposes with total credit outstanding (fund based only) across all lending institutions above Rs.50 crore and upto Rs.500 crore as on 29.02.2020. To be eligible under ECLGS 2.0, the borrower accounts should be less than or equal to 60 days past due as on February 29, 2020 i.e., they should not have been classified as SMA 2 or NPA by any of the lender as on 29 th February 2020.

  • The Scheme is valid for existing customers on the books of the MLIs.


Loan Amount:

Maximum up to 20% of the entire fund based outstanding with Exim Bank as on 29.02.2020.


Repayment:

  • Under ECLGS 2.0, the tenor of facilities provided under GECL shall be for a period of 5 years from the date of first disbursement of fund based facility or first date of utilization of non-fund based facility, whichever is earlier. To be eligible for guarantee cover of the sanctioned non-fund-based facility, first utilization must happen on or before September 30, 2021

  • Moratorium period of one year on the principal amount shall be provided to borrowers for the fund-based portion of GECL credit during which interest shall be payable. The principal shall be repaid in 48 instalments under ECLGS 2.0 after the moratorium period is over.


In addition, please note that the sanction of these loans will be subject to the company meeting all applicable criteria as detailed in FAQs/guidelines of ECLGS, available at https://www.eclgs.com/.

For further details on the above Facility, please contact your respective Relationship Manager in Exim Bank.

Guaranteed Emergency Credit Line – III

In continuation of National Credit Guarantee Trustee Co. Ltd.’s (NCGTC) notification dated May 23, 2020, NCGTC has informed that the scope of the ECLGS scheme has been enlarged with introduction of ECLGS 3.0. Features of ECLGS 3.0 Scheme are as under:

Name of the Facility:

Guaranteed Emergency Credit Line (GECL)


Facility Type:

Long Term Working Capital


Eligibility:

  • Under ECLG 3.0, all Business Enterprises /MSMEs in the Hospitality, Travel & Tourism and Leisure & Sporting sectors whose total fund based outstanding across all lending institutions,as on February 29, 2020, is upto ₹500 crore and days past due are upto 60 days .

  • The Scheme is valid for existing customers on the books of the MLIs.


Loan Amount:

Maximum up to 40% of the entire fund based outstanding with Exim Bank as on 29.02.2020 (only for Hospitality, Travel & Tourism and Leisure & Sporting sectors).


Repayment:

  • Under ECLGS 3.0, the tenor of facilities provided under GECL shall be six years from the date of first disbursement.

  • Moratorium period of 2 years on the principal amount shall be provided to borrowers for GECL facility (only fund based is allowed) under ECLGS 3.0, during which period interest shall be payable.

The last date of disbursement under ECLGS 3.0 shall be September 30, 2021.


In addition, please note that the sanction of these loans will be subject to the company meeting all criteria as detailed in FAQs/guidelines of ECLGS, available at https://www.eclgs.com/.

For further details on the above Facility, please contact your respective Relationship Manager in Exim Bank.

Guaranteed Emergency Credit Line – IV

In continuation of National Credit Guarantee Trustee Co. Ltd.’s (NCGTC) notification dated May 23, 2020, NCGTC has informed that the scope of the ECLGS scheme has been enlarged with introduction of ECLGS 4.0. Features of ECLGS 4.0 Scheme are as under:

Name of the Facility:

Guaranteed Emergency Credit Line (GECL) - IV


Facility Type:

Working capital term loan Non-fund-based facility (LC for import of capital goods)


Eligibility:

  • Under ECLGS 4.0, all existing hospitals/nursing homes/clinics/medical colleges / units engaged in manufacturing of liquid oxygen, oxygen cylinders etc., which have a credit facility from a lending institution with days past due up to 90 days as on March 31, 2021, are eligible for assistance of up to `2 crore for setting up technologies like Pressure Swing Adsorption for on-site oxygen producing plants.

  • However, exception has been allowed for overdues of the borrower in respect of their credit card/savings account/current account provided the said overdues did not exceed 1% of the loan amount (i.e., GECL amount) extended under the scheme and that the overdue amount were regularized prior to assistance being extended under the scheme and provided further that the member lending institutions ensure that the overdues were covered by the materiality concept being followed by the MLIs.

  • Moreover, the scope of ECLGS 3.0 has been expanded by inclusion of civil aviation sector (including scheduled and non-scheduled airlines, chartered flight operators, air ambulances and airports), within it and removal of the restriction on the loan outstanding limit of `500 crore. The loans under ECLGS i.e., ECLGS 1.0, ECLGS 2.0. ECLGS 3.0,&ECLGS 4.0 can be sanctioned up toSeptember 30, 2021, and disbursed up to December 31, 2021.

  • Borrowers who have availed assistance under ECLGS 1.0 and are eligible forrestructuring as per RBI guidelines of May 05, 2021, are permitted to avail of thesame. GECL loans in such cases would be allowed a repayment tenure of upto 5years, i.e, period upto 24 months during which only interest shall be payable andthe principal instalments shall be payable thereafter in 36 monthly instalments.

  • Borrowers who avail of the restructuring as per RBI guidelines shall be permittedto avail additional assistance upto 10% of their outstanding as on February 29,2020, provided they have not availed additional assistance under ECLGS 3.0.They shall not be subsequently eligible for ECLGS 3.0, i.e. borrowers may eitheravail of this additional 10% or additional assistance under ECLGS 3.0, but notboth.

  • The current ceiling of `500 crore of loan outstanding for eligibility under ECLGS 3.0 to be removed, subject to maximum additional ECLGS assistance to each borrower has limited to 40% or `200 crore, whichever is lower.


Loan Amount:

Under ECLGS 4.0, the amount of GECL funding to eligible borrowers would be in the form of fund based (term loan) or non-fund based (LC for import of capital goods) facility and would be limited to `2 crore per borrower for setting up onsite oxygen producing plant.


Repayment:

  • The principal shall be repaid in 36 equal monthly instalments under ECLGS 1.0 in 48 equal monthly instalments under ECLGS 2.0 and 3.0 and in maximum 54 monthly instalments under ECLGS 4.0, after the moratorium period is over.

  • Moratorium period of one year on the principal amount shall be provided to borrowers for the fund-based portion of GECL credit under ECLGS 1.0 & ECLGS 2.0 and 6 months for the fund-based portion of GECL under ECLGS 4.0 during which interest shall be payable. Moratorium period of 2 years on the principal amount shall be provided to borrowers for GECL facility (only fund based is allowed) under ECLGS 3.0, during which period interest shall be payable.


The last date of disbursement under ECLGS 1.0, ECLGS 2.0, ECLGS 3.0 and ECLGS 4.0 shall be December 31, 2021.

In addition, please note that the sanction of these loans will be subject to the company meeting all criteria as detailed in FAQs/guidelines of ECLGS, available at https://www.eclgs.com/.

For further details on the above Facility, please contact your respective Relationship Manager in India Exim Bank.

  • Project Exports

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  • INSIGHTS

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