We understand how important it is to optimize your supply chain as your business grows larger. Hence, we offer a complete range of products that can be customized according to your needs.
Highlights and Features:
Invoice Finance and Bill Discounting: We finance your procurement and your sales at suitable terms and conditions to help you have smooth supply chain operations.
Purchase order financing: Weextend purchase order financing to vendors, thus allowing a hassle free and undisturbed supply.
Financing under Domestic Letter of Credit (LC): We offer financing under domestic LC to for both purchase and sales.
Domestic Factoring: We offer a range of factoring services including recourse factoring (limited, with and without recourse), post sales activity and dedicated personnel for factoring.
As a buyer or seller, your trade has a significant impact on your banking needs. Hence, at Kotak, our priority lies in closely understanding your business and the role you want the buyers and suppliers to play in it, thus protecting you against payment default and risks of non-performance of your suppliers.
Expert assistance and customization in drafting and assessing the risk and benefits keeping your interest foremost.
Product offerings for each stage in the life cycle of a Letter of Credit and for various variants involved.
Benefit from a wide network of correspondent banks of Kotak.
We help you in faster sales realisation facilitating better risk management and thus ultimately helping you have higher appetite on your counterparties.
Highlights and Features:
End to end domestic receivable management.
Providing solutions including post sales activity of follow-up and reconciliation.
A dedicated personnel for concluding from simplest to most complex factoring solutions.
Our LC Discounting service enables you to access payments promptly and strengthen your business relationships with clients through timely payments. We offer the LCBD facility for bill discounting against LCs issued by Indian banks including Kotak Mahindra Bank Limited and foreign banks at highly competitive prices.
Benefits with us:
A dedicated branch to offer LCBD financing with a low turnaround time.
Personnel with expertise in structuring such transactions.
Facility for range of tenors from short term to long term.
With businesses reaching out to global markets, financing and risk mitigation requirements also grow simultaneously. To cater to these needs, we offer you various export credits.
Pre-shipment credit: Fulfil the financing requirement of an exporter prior to the shipment or delivery of goods and services.
Post shipment Credit: The various forms of post shipment are advance against export collection, foreign bill discounting and negotiation.
Kotak Mahindra Bank Exporters Gold Card Scheme
Kotak Mahindra Bank Exporters Gold Card Scheme provides easy access to export credit on better terms to exporters.
All accounts of the Exporter borrower are under ‘Standard’ classification with the Bank continuously during last three years and no irregularities / adverse features are found in the conduct of the borrower’s accounts.
The borrower has no overdues / irregularities with the Bank; further the borrower is not SMA/ NPA with any other lender.
The borrower is not blacklisted by ECGC or included in RBI’s defaulter’s list/ caution list.
The borrower / promoter directors / partners are not classified as RFA / Fraud with any lender and is not a wilful defaulter with any lender.
Borrowers under IBC resolution process are not eligible.
Limits will be sanctioned in-principal for 3 years, with a provision for automatic annual renewal (this is subject to satisfactory operation and compliance with the terms and conditions of sanction).
A standby limit, ad-hoc limit of not less than 20% of the assessed limit may additionally be made available, at the request of the borrower.
Waiver of collateral and exemption from ECGC guarantee schemes may be considered on the basis of borrower’s track record.
Time frame for disposal of credit sanction application will be prioritized
The sanctioning of limits is based on credit policy decisions and internal guidelines of Kotak Mahindra Bank.
We understand that for exploring your business opportunities and future prospects you require LC confirmation and negotiation for your exports so that you can focus on your core business without worrying about the realisation or not offering best credit terms to your overseas clients - we do just that for you and your expanding business, thus keeping you at ease.
We also offer LC confirmation and negotiation for wide range of geographies and banks.