ICICI Bank offers comprehensive range of inland trade services. As a valued client of
ICICI Bank, you will be partnering with a trusted banking institution that is the second
largest commercial bank in India. From financing your suppliers/vendors to the
financing of your dealers, we can structure and customise sulutions suited to your
specific business requirements.
Issue of Inland letters of credit
We issue Inland letters of credit on your behalf that give you the advantage with your
suppliers. Now, through our Corporate Internet Banking site, you can submit your LC
application online for faster processing. Our experts can advise you in drafting the LC
terms and conditions so as to protect your interests.
Inland bill collection services
By routing your inland bills through ICICI Bank, you experience fewer delays in
receiving payments, receive customised MIS that is integrated to your ERP systems,
gain increased control over your trade receivables and efficient cash flow
management.
Inland bill discounting under letter of credit
We provide finance by discounting your inland bills drawn under letters of credit, if the
documents are found to be strictly in terms with LC conditions and on receipt of
acceptance from the LC issuing bank. Of course, at competitive rates and world class
service standards.
We also provide following trade financing options
Dealer financing
Vendor bill financing
Issue of Bank guarantees