Cash Finance

Advances against goods are allowed to traders for their trading activities, to manufacturers and producers for their requirements of raw materials etc. The purpose of this loan is to facilitate the borrower to hold on to the goods for a short period, by creating a pledge in favor of the Bank. This is a type of account where the credit is for a specified period of time, generally for one year and release of goods are allowed any number of times during the currency of the limit, within the limit/Drawing power.