Bank Guarantee-i* is a written undertaking by the Bank to a third party to secure an obligation by the customer. The Bank provides assurances to pay certain sum of amount upon demand by the third party, in the event the customer fails to fulfil their obligation.
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*Financing on standalone basis is not allowed. Facility to be offered with other facility, for asset financing and working capital financing purpose.
IMPORTANT NOTE: The final approval on the financing granted is subject to the Bank’s credit assessments and discretion.