Foreign Currency

Foreign Currency - IDBI Bank

IDBI Bank has made a foray into the overseas markets to leverage its domestic banking strengths to offer competing products internationally. The Bank's first international branch has been set up at the Dubai International Financial Centre (DIFC), Dubai. IDBI Bank's DIFC Branch which is regulated by the Dubai Financial Services Authority (DFSA) provides a range of corporate banking services including extending of foreign currency loans to Indian Corporates (ECBs), foreign currency loan syndication and trade finance products for meeting the foreign currency requirements of Indian clients. The Branch also serves as the nodal point for IDBI Bank for raising foreign currency resources. The Category I branch offers the following products & services:-


  • Accepting Deposits
  • Accepting deposits from high net worth individuals, corporates, trusts etc. in currencies other than AED

  • Raising Foreign Currency Bonds including Perpetual Tier I and Upper Tier II capital

  • Providing Credit to corporates in currencies other than AED for meeting their funding requirements

  • To Indian Corporates for their funding requirements for their overseas venture

  • Participate in Loan syndications originating in the region

  • Provide trade finance products & services to support India's trade with UAE and other countries

  • Arranging deals in credit / investment

  • Dealing in investments as a Principal

  • Advising on financial products/ credits


Office: IDBI Bank Ltd- DIFC Corporate Banking Branch,
[Regulated by the DFSA]
P.O. Box No. 506805, Level 3, Gate Village - 5,
Dubai International Financial Centre,
Dubai
UAE
Tel: +9714 323 1400
Fax: +9714 323 1401

Chief Executive Officer: Mr Rajeev Sinha
email:rk.sinha@idbi.co.in
Tel: +9714 323 1400