Trade And Services Sector - Business

Purpose
To finance new trucks/tankers/trailers/tippers/luxury buses and Car etc and WC finance against receivables.(Take over from other Banks/FIs not allowed).
Last Updated On : Wednesday, 10-07-2024

The contents have been translated from English version using indigenously developed AI capabilities (Bhashini). In case of any ambiguity or doubt, users are advised to refer to the English contents for clarity. The information, material, advice, suggestions, illustrations, notifications, circulars etc. are collectively stated "the content" in this website. If the said content contains any mistakes, omissions, inaccuracies and typographical errors, etc. SBI assumes no responsibility thereof. SBI makes no warranty or representation regarding any content provided through this website and disclaims its liabilities in respect thereof. Any action on your part on the basis of the said content is at your own risk and responsibility. SBI reserves its right to correct any part of the said content at any time as and when required at its sole discretion. The content of this website shall not be displayed or printed in any form in part or whole without the prior written approval of SBI (State Bank of India).
As the translated content here is AI generated, we request for suggestions for improvement of the content.
Link for providing suggestions: https://bhashini.gov.in/bhashadaan/en/homeTo finance new trucks/tankers/trailers/tippers/luxury buses and Car etc and WC finance against receivables.(Take over from other Banks/FIs not allowed).
Transport Plus
The bank's bill finance product helps you bridge the fund gap between the date of sale of products to the receipt of payments.
The bank purchases the bill of exchange your company receives against a product sale, at a discount, thus doing away with the delay in realizing the receivables.
The extent of discounting would amount to the interest calculated till the payments for the original sale are realized, and will be determined on the basis of market interest rates as well as the credit rating of the borrower.
SBI cash credit can be in the form of a running account, similar to an overdraft secured by a charge on current assets, that meets the frequent cash requirements of your trading cycle.
The specialized product has been designed to help you purchase plant, machinery, land or other physical assets required during the growth and expansion of the your company.
The SBI offers Letters of Credit to facilitates your purchases of goods in trading operations, both domestic and international. Backed by the SBI's strong reputation, you will be able to build better trust in trade and forge business relationships faster.
The bank's vast network of branches and correspondent banks enables your enterprise to sustain a seamless flow of business on a wide platform.
Further, the bank's informed trade finance crew can provide you with sophisticated credit and trade information and market knowledge, helping you extract more value from business.
The SBI guarantees the creditworthiness or the business capacity of its clients through its financial and performance guarantees.
State Bank of India advises issuance of Inland Bank Guarantee (BG) to the Beneficiary’s bank through a secured platform viz. Structured Financial Messaging System (SFMS). In order to facilitate the secured transmission of BG advise, Bank requires the applicants to provide IFSC code of the Beneficiary’s bank on the BG application form, for advising issue of BG to the Beneficiary’s bank through Structured Financial Messaging System (SFMS).The Beneficiaries of BG may also verify the genuineness of the BG from their Bank, based on the advice received from BG issuing Bank i.e. SBI through SFMS.
Profit making Corporates/Non-corporates (surface transport operators) owning more than 10 well-maintained vehicles (including the proposed).
Last Updated On : Wednesday, 10-07-2024
for loan amount up to Rs. 2 lacs
for loan amount > Rs. 2 lacs up to Rs. 6 lacs
Financing Indian Firms Overseas Subsidiaries or JVs
Intraday Facility to Stockbrokers / Professional Clearing Members
Financing Indian Firms Overseas Subsidiaries or JVs
Intraday Facility to Stockbrokers / Professional Clearing Members
Financing Indian Firms Overseas Subsidiaries or JVs
Intraday Facility to Stockbrokers / Professional Clearing Members
for loan amount up to Rs. 2 lacs
for loan amount > Rs. 2 lacs up to Rs. 6 lacs