Bank of Baroda has launched a new product at its branch in GIFT City - Foreign Currency Loan against INR Deposits of Indian Companies for their Overseas Subsidiaries / Joint Ventures. Bank of Baroda is the first bank to offer this facility at GIFT City.
Under the new loan scheme, Bank of Baroda's GIFT City branch provides financial support to Overseas Subsidiaries / Joint Ventures of Indian corporates by leveraging their INR deposits, helping Indian companies meet their cash flow requirements for their international operations and enabling the Bank to increase the bouquet of loan products offered. The Bank already offers Loan against NRE/FCNR Deposits and Loan against Deposits at the IBU.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
