Overdraft Against Standby Letter of Credit Introduced by State Bank of India

State Bank of India, Tokyo together with Adam Innovations recently launched a new product “Stand by Letter of Credit” (SBLC) to support Japanese companies smooth operation in India. Japan Bank of International Corporation (JBIC) supported the event. SBLC scheme helps Japanese companies to obtain the rupee loan in SBI branches in India without a hassle. The interest rates are also […]