The Information Technology industry is expected to grow to double its current size by the year 2012. India's IT industry is expected to grow at an annual average rate of 18% in the next five years. According to the NASSCOM- McKinsey report on the IT industry of India, the industry is also expected to cross the 100 billion US Dollar mark by 2011. One of the major areas of growth for the IT industry of India is by tapping the potential in the domestic market.
If you are in the business of IT services / IT enabled services / Hardware distribution / our experts will assist you with working capital facilities and all kinds of forex products and advisory services .
Working Capital Demand Loan in Foreign Currency
This is offered to the companies having substantial foreign currency inflows at LIBOR plus rates, based on the availability.
To keep pace with emerging technologies and capacity expansion needs, we offer Term Loans to IT companies on the growth path. Term Loans are structured with flexible options of repayment, based on the requirements and needs of the project.
External Commercial Borrowings are offered as a part of Term Loans , it enables you to avail cost effective foreign currency loans for capital expenditure, subject to RBI guidelines.
Offshore Banking Products for SEZ based units
If you are located in Special Economic Zone (SEZ), you can benefit from our offshore banking products. Avail working capital and long term facilities at internationally competitive prices.