Kotak Mahindra Bank has set up its International Financial Services Center Banking Unit [IBU] in Gujarat International Finance Tec - (GIFT) City, Gujarat on May 3, 2016. GIFT is India's first global financial and IT services hub designed on the lines of global financial centres.
Kotak Mahindra Bank's IBU in GIFT City offers the following products:
- Term Loan & Working Capital Loan for overseas corporate bodies, including Wholly Owned Subsidiaries (WOS) & Joint Ventures (JV) of Indian companies registered overseas.
- External Commercial Borrowing (ECB) for Indian Corporates
- Buyers' credit for imports
- Factoring / Forfaiting of export receivables
- Foreign currency current accounts of units operating in IFSCs and of non-resident institutional investors
- Term Deposits from overseas corporate bodies:
- Amount: Min Amount of USD 500,000 [or its equivalent in other currencies] at discretion of the Bank
- Deposit Schemes: With and without premature withdrawal option available
Premature withdrawal subject to RBI guidelines.
- Tenor: Maturity greater than one year upto 5 years
- Latest Interest Rates can be obtained from contact details below
- Treasury activities including derivatives and structured products
For further details, please contact:
Signature Tower, 10th Floor, Building no. 13B,
Road 1C, Zone 1, GIFT SEZ, Gift City,
Gandhinagar, Gujarat – 382355, India
Phone: +91-079 66741200 / 210