ICICI Bank e-business

Inland Trade Services

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
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