Question
Which public sector bank has launched “Foreign
Currency Loan against INR Deposits of Indian Companies for their Overseas Subsidiaries/Joint Ventures” at its branch in Gujarat International Finance Tec-City (GIFT City)?Solution
Bank of Baroda has launched “Foreign Currency Loan against INR Deposits of Indian Companies for their Overseas Subsidiaries/Joint Ventures” at its branch in Gujarat International Finance Tec-City (GIFT City). Under the new loan scheme, financial support to Overseas Subsidiaries/Joint Ventures of Indian corporates by leveraging their INR deposits, helping Indian companies meet the cash flow requirements for their international operations will be provided.
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