Contact Nos
WBB Bahrain : +973-17505175, 17505156
Retail Branch Bahrain : +973 -17548033
www.bh.statebank
WBB Bahrain : +973-17505175, 17505156
Retail Branch Bahrain : +973 -17548033
www.bh.statebank
CBB has mandated the use of purpose codes for all cross border transactions. Please refer to details given in the following links
Notice for Purpose Codes
Purpose Codes – Disclosure Document
Purpose codes in Arabic
Short Term Finance, up to 360 days** Short Term Finance to Indian Importers to facilitate import of raw materials, machinery etc. The credit is extended in USD and other major convertible currencies against Letters of Understanding from Domestic Branches of SBI/Branches of First Class Banks in India.
The above, as also necessary RBI permission, wherever required.
*Annexure II for SBI, Annexure III for other Banks
**From Bill of Lading Date