Sample Request Letter Format to Bank for Conversion of Fund Based Limit to FCNR (B) Loan
RCL/SBI/13-14
August 4, 2013
The General Manager
State Bank of India
CASA Branch, CST
Mumbai – 4585 454
Dear Sir,
Sub : Our request for conversion of our existing
Fund Based Limit to FCNR (B) LOAN.
We draw your kind attention to our application dt. 27.07.2013 wherein we requested you for conversion of our Fund Based Limit with you to FCNR (B) LOAN so that we may reduce our interest burden which is much warranted during these hard market scenario.
We have already furnished required informations including Audited Balance Sheet for the year ended 31st March 2013 to you for consideration of our proposal.
Furthermore, we would like to inform you as per your query
1) that we have already engaged M/S ICRA to rate our Company’s Fund Based / Non Fund Based facilities sanctioned by Banks which is in final stage and we are awaiting for the rating form M/S ICRA within next 7/10days.
2) That we have reduced our ICD to the tune of Rs. 2000.00 lacs during the financial year 2013-2014. We have already initiated suitable steps for infusion of fresh capital /conversion of ICD into equity at least for Rs. 10 Crore and we expect it will be completed immediately after completion of our AGM which will be held in Sept 2013.
We trust above informations will serve your purpose. Should you require any further informations in connection with FCNR (B) LOAN, to be sanctioned to us please inform us.
Thanking you,
Yours faithfully,
For Rocket Sales Ltd.
Anil Goyel
General Manager (Fin & Accts) 
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