Bharat Overseas Bank has a well organised international division at the head office in Chennai and two dealing rooms - one at the head office in Chennai, India and the other one at Bangkok, Thailand handling foreign exchange business over Rs. 1500 crore (USD 310 Mio) in the previous year and poised to achieve USD 500 Mio during the current year. The international division at the head office and the establishment in Bangkok are well equipped to handle any type of international business. Bharat Overseas Bank acts as a catalyst for its client's business success worldwide.
What we can do for you
Service to exporters
Short-term financing to facilitate export of goods and services
Bridge the time gap between the time when the goods have been exported and when the buyer pays with correspondent relationship with first class international banks all over the world
Security in cross border transactions
We reduce the risks for both the supplier and buyer by issuing documentary credits on behalf of the importer thus giving him the confidence that payment shall be made only against presentation of credit - conform documents. We assist the exporters in preparing credit conform documents for a timely payment under documentary credit
Confirm documentary credits on behalf of overseas banks to enhance a comfort level of exporters
Undertakes collection of documents in the most efficient way
Guarantees
Together with the exporter, we establish a guarantee wording which protects his interest and at the same time, takes the legal and regulatory environment in the country of the importer into account
We assist the exporters in checking genuineness of guarantees issued by overseas banks as payment security
Forex
Handling foreign exchange representing money claims denominated in foreign currency and payable abroad and hedging currency risks through specific instruments whether the transaction involves spot, forward and swap transactions
Bharat Overseas Bank also accept term deposits denominated in four currencies - USD, GBP, EUR and JPY for periods ranging from one to three years
Advisory services
We develop practical solution in collaboration with the other banks using real life business solutions
We advise exporters and importers with the help of our overseas correspondents in analysing and other information regarding international markets
Obtain market reports even in specific individual basis
Click here to get more details about Bharat Overseas Bank's International Business.
