Dear Shareholders, The Bonus shares have been credited to the D-mat A/c, physical share certificates are being dispatched to the respective shareholders. Trading approval is awaited from the stock exchanges which will be obtained by 28th July 2017.

Corporate Import

Letter of Credit (L / C)

  • Establishment of Letter of Credit through wide range of correspondent banks world over at competitive charges
  • Establishment of confirmed Letter of Credit based on the requirement of overseas supplier

Bill Collection

  • Importers can receive bills on collection basis from overseas banks through CUB's Competitive Exchange Rate and Charges

Outward Remittances

  • Importers can remit funds to overseas supplier before receipt of goods subject to submission of required documents
  • Importers can remit funds towards bills received directly from the overseas supplier subject to submission of required documents
  • Competitive exchange rate and charges

Bank Guarantees

  • Exporters can avail bank guarantee facility in favour of overseas buyer towards advance remittance for exports or performance under export contract

Foreign Currency Loan

  • Importers can also avail foreign currency loans for import of goods (raw material / finished stocks / machinery) at competitive rate of interest

Buyer's Credit

  • Importers can avail Buyer’s Credit facility for meeting payment obligation under import bills (Letter of Credit / Collection Bills)
  • CUB arranges for Buyer’s Credit from overseas banks at competitive rate of interest and charges