Date:16/07/2004 URL: http://www.thehindubusinessline.com/2004/07/16/stories/2004071601840800.htm

Back BoI unveils gold card for exporters

Our Bureau

Mumbai , July 15

IN a bid to make credit easily available to exporters, Bank of India has launched `Exporters Gold Card'.

`The exporters gold card' can be availed of by exporters with a good track record, satisfactory financials and cash management, said Mr M. Venugopalan, Chairman and Managing Director, Bank of India, on occasion of the launch of the card here on Thursday.

The card offers a range of benefits, including competitive terms, pricing in interest and service charges, approval of limits for a longer tenure, assessment of working capital limits up to Rs 5 crore at 20 per cent of the average yearly turnover estimated for the next three years, according to bank officials.

Cardholders will be given priority for allocation of foreign currency funds and a privileged customer status at BoI branches.