Business
Business banking encompasses a diverse range of financial services designed to cater to the unique needs of businesses and enterprises. Key among these services are various types of loans, cash credit, and overdraft facilities, each playing a crucial role in facilitating the financial operations and growth of businesses.
Loans provide businesses with access to capital for various purposes, such as expansion, working capital, equipment purchases, or infrastructure development. Cash credit is a flexible credit facility that allows businesses to withdraw funds as needed, up to a predetermined limit, to meet short-term financing requirements.
Similarly, the overdraft facility offers businesses immediate access to funds beyond their account balance, providing liquidity to address urgent financial needs or capitalize on emerging opportunities. Together, these business banking products empower enterprises to manage cash flow, seize growth opportunities, and navigate financial challenges effectively, contributing to their overall success and sustainability.
Current Account
“The current account plays a vital role in facilitating business operations, offering convenient access to funds, and enabling seamless transactions with suppliers, employees, and other stakeholders.” Read More
Cash Credit
“Borrowers have the flexibility to withdraw funds from their Cash Credit account up to the approved limit as needed. Repayments are adaptable, enabling borrowers to deposit surplus funds into the account.” Read More
Over Draft
“The overdraft facility provides customers with immediate access to funds without requiring a lengthy approval process, allowing them to address financial challenges smoothly.”