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25. Domestic Borrowings
The details of Domestic Borrowings as on 30.06.2021 as given as under
Original Entity Principal Tenure Type of Security
amount in `
Maturity Year Crore (as on
Term Loan Union Bank of 30.06.2021) 2 Days Unsecured
India
Commercial RBL Bank 1400
Paper CP 4/2021
150 2 days Unsecured
RBI CP 5/2021 1486.4 95 Days Unsecured
Borrowings
1994.12 31 days Unsecured
7661.80 Unsecured
Maturing on
15.06.2022
26. External Borrowings
26.1 Under the Housing Guarantee Programme of USAID, the Bank had raised a loan of
US $25 million in the US Capital Market in the year 1990-91 for a tenure of 30 years.
The loan is repayable in forty equal half yearly installments commencing from October,
2001. The outstanding balance is Nil as on June 30, 2021 after final repayment on April
15, 2021.
As per letter received from Government of India in 1990, they would bear, exchange
loss, if any on the repayments, as also the charges incurred like placement fee, guarantee
fee etc. Further, GOI agreed to rupee-tie this loan at a notional interest rate. In case
payment obligations to foreign lenders exceed the payment obligation of the Bank to
GOI due to exchange rate fluctuations, the difference will be borne by the GOI.
The total amount recoverable from GOI shown under the head ‘Other Assets’ as on June
30 2021, is ` 59.15 Crores and the loan has been completely repaid.
26.2 The Bank had borrowed USD 120 million from Asian Development Bank (ADB), of which
outstanding as on June 30, 2021 is USD 11.49 million ( ` 85.41 crores after revaluation),
in two tranches of USD 100 million (equivalent to ` 437.5 Crores) and USD 20 million
(equivalent to ` 89.25 Crores) during the year 1997 and 2002, respectively. These loans
are guaranteed by the Government of India and repayable in half yearly installments by
2022 and 2025, respectively.
These dollar funds were placed as deposits with Bank of India (USD 50 million), Canara
Bank (USD 50 million) and EXIM Bank (USD 20 million) in the overseas branches in terms
Annual Report 2020-21 | 295
The details of Domestic Borrowings as on 30.06.2021 as given as under
Original Entity Principal Tenure Type of Security
amount in `
Maturity Year Crore (as on
Term Loan Union Bank of 30.06.2021) 2 Days Unsecured
India
Commercial RBL Bank 1400
Paper CP 4/2021
150 2 days Unsecured
RBI CP 5/2021 1486.4 95 Days Unsecured
Borrowings
1994.12 31 days Unsecured
7661.80 Unsecured
Maturing on
15.06.2022
26. External Borrowings
26.1 Under the Housing Guarantee Programme of USAID, the Bank had raised a loan of
US $25 million in the US Capital Market in the year 1990-91 for a tenure of 30 years.
The loan is repayable in forty equal half yearly installments commencing from October,
2001. The outstanding balance is Nil as on June 30, 2021 after final repayment on April
15, 2021.
As per letter received from Government of India in 1990, they would bear, exchange
loss, if any on the repayments, as also the charges incurred like placement fee, guarantee
fee etc. Further, GOI agreed to rupee-tie this loan at a notional interest rate. In case
payment obligations to foreign lenders exceed the payment obligation of the Bank to
GOI due to exchange rate fluctuations, the difference will be borne by the GOI.
The total amount recoverable from GOI shown under the head ‘Other Assets’ as on June
30 2021, is ` 59.15 Crores and the loan has been completely repaid.
26.2 The Bank had borrowed USD 120 million from Asian Development Bank (ADB), of which
outstanding as on June 30, 2021 is USD 11.49 million ( ` 85.41 crores after revaluation),
in two tranches of USD 100 million (equivalent to ` 437.5 Crores) and USD 20 million
(equivalent to ` 89.25 Crores) during the year 1997 and 2002, respectively. These loans
are guaranteed by the Government of India and repayable in half yearly installments by
2022 and 2025, respectively.
These dollar funds were placed as deposits with Bank of India (USD 50 million), Canara
Bank (USD 50 million) and EXIM Bank (USD 20 million) in the overseas branches in terms
Annual Report 2020-21 | 295
