Exhibit 4.25



CREDIT   ARRANGEMENT LETTER CAL1388260428831 August 14, 2018 Air Travel Bureau Limited   M-95, Connaught Circus, New Delhi-110001 Attention: Mr. Anuj Sethi and Mr.   Vishal Garg Dear Sirls: We are pleased to inform you that ICICI Bank Limited   ("ICICI Bank") has, at your request, sanctioned working capital   facilities to you upto overall limits not exceeding in the aggregate amounts   specified below and more particularly detailed in the Annexure hereto : (Rs.   in million) The aforesaid facilities can be availed through the account(s)   with New Delhi Branch of ICICI Bank and are subject to the terms and   conditions set out in the Annexure hereto and the conditions contained in the   documents to be executed in relation thereto. In case the above terms and   conditions are acceptable to you, we request you to return the duplicate copy   of this letter duly signed in token of acceptance of the terms and conditions   specified' herein as also furnish to us two certified true copies of the   resolutions passed by your Board of Directors I Committee I Members as per   our prescribed proforma which is attached. Please note that this   communication should not be construed as giving rise to any binding   obligation on the part of ICICI Bank unless you· have returned the duplicate   copy of this Letter duly signed in token of acceptance and signed I executed   the agreements I documents in connection with the aforesaid Facilities.   Unless the Bank receives duplicate copy of this Letter, duly signed in token   of acceptance, and unless agreements I documents are signed I executed in   respect of the Facilities on or before .January 10, 2019 the Offer shall   automaticall lapse ICICI Bani< Limited ICICI Bank Tower NBCC Place,Pragati   Vihar, Bhishma Pitamah Marg New Delhi-110 003. Regd. Office :ICICI Ba Tower,   Near Chakli Circle, .OI.d Padra Road,Vadodara 390 007,· India. Corp. Office :   ICICI Bank Towers,Bandra-Kurla Complex,Mumbai400051,India. Tel.:   +91-11-24390000 Fax: +91-11-24390070 Website www.icicibank.com CIN   :L65190GJ1994PLC021012 Facility Overall Limits Fund Based Cash Credit 800.0   Non-Fund Bas.ed Bank Guarantee 300.0 Total 1,100.0 


    




 










r 1r'   Date:----------------Signature(s} \ ) -----A 4-Jt r-K-1r-,::--;1 


    




 










an TERMS AND   CONDITIONS Cash Credit • ••• from Yatra Online Private Limited. dispose any   shareholding in the Borrower throughout assets and moveable fixed assets of   the Borrower. of the Borrower. 150.0 million in a non-checking account with   ICICI Borrower I Obligor Air Travel Bureau Limited (ATB) Promoter I Parent Yatra   Online Private Limited (Yatra or YOPL) Lender(s} ICICI Bank Limited and/or   such other bank(s) or financial institution(s) which may become lenders   pursuant to transfer of all or a portion of the Facility to such   bank(s)/financial institution(s) by ICICI Bank Limited Facility Cash Credit   ProposedLimit ("Limit"} Up to 800.0 million Peak Limit Uniform   limit throughout the validity of facility Purpose To meet the working capital   requirements of the Borrower and/or complete and one-time takeover of outstanding   cash credit limit from State Bank of India Cash Margin '{ 150.0 million as   mentioned in the Security clause Interest The rate of interest stipulated by   ICICI Bank shall be sum of I-MCLR-6M and "spread" per annum,   subject to minimum of I-MCLR-6M, plus applicable interest tax or other   statutory levy, if any, on the principal amount of the loan remains   outstanding each day. As on date the I-MCLR-6M is 8.35% and spread is 2.40%.   Above interest rate shall be reset at the end of every 6 months from the account   opening date/limit set-up date/renewal date as a sum of I-MCLR-6M +   "spread", prevailing on the reset date plus applicable interest tax   or other statutory levy, if any. In case there is any change in the   regulatory requirements by the regulator applicable to the facility   pertaining to provisioning norms and/or risk weigl tage, then the Bank may   revise the spread to reflect the regulatory change, subject to extant RBI   guidelines. Contractual Comfort • Unconditional and Irrevocable Corporate   Guarantee • Non Disposal Undertaking from the Parent not to the tenor of the   Facility apart from the pledge obligation that the Parent has created before   availing the Facility. Security • Exclusive charge on all the present and   future current • Exclusive charge on all future Imr:novable fixed assets •   The Borrower to maintain current account float of 


    




 










th Collection   Account Borrower opened with the agreement. amount shall be lien marked to   ICICI Bank and CHG-1 shall be filled upfront for the same. •Creation of   security along with filing of CHG1 shall be done upfront except for immovable   fixed assets as there are no immovable fixed assets as on date. Perfection of   security along with CERSAI filing to be done within 45 days from the date of   limit setup. Margins: Inventory NA Book debts Cover period : 90 days Margin   :40% Validity Upto 12 months i.e. July 30, 2019 Tenure Upto 12 months   Financial Covenant Total Debt (TD) I Earnings before Interest, Depreciation,   Taxes and Amortization (EBIDTA) shall not to exceed 4.5 times during the   tenor of the Facility. The financial covenants shall be tested on annual   basis. The calculation date will be 31st March immediately following the   first disbursement and every twelve months thereafter within 120 days from   end of the relevant monitoring period. Definitions: • Total debt (TD)   includes long term debt, short term debt falling due in one year, working   capital borrowings and any corporate guarantees issued in favour of any of   its subsidiaries/group companies. • Earnings before Interest, Depreciation,   Taxes and Amortization (EBIDTA) includes total operating income less excise   duty plus other recurring income less operating expenses excluding interest,   depreciation, taxes and amortization. Formula for computation of above financial   covenants: 1. Total Debt (TD): Long term debt+ Short term debt + Working   capital bank finance +Guarantee 2. Earnings before Interest, Depreciation,   Taxes and Amortization (EBIDTA): Total operii!ting income-excise duty + other   recurring income incidental to main business - operating expenses excluding   Interest, Depreciation, Taxes and Amortization Interest payment frequency   Interest would be payable monthly, on the last date of each month. Collecting   Bank ICICI Bank Limited The Borrower shall open current accou as per   applicable terms and conditions The current account(s) of the Collecting Bank   shall be used to route of the Borrower, under the collection nt(s) with the   Bank . the entire collections 


    




 










1 - - - count   with the Collecting Bank. ff under the Facilit . ad be allowed to use the   funds available in Account, subject to no event of default - ---Mechanism the   Collection Ac The Borrower to their Collection being triggered o Other   Conditions •Security on current assets and moveable fixed assets of the   Borrower for the Facility to be created prior to limit setup. •Contractual   Comfort and Cash Margin to be obtained upfront. " •Undertaking from the   Borrower that none of the director's name is into RBI/ECGC defaulter list.   •Statement of total collections and direct collections routed through ICICI   Bank available with the Borrower to be submitted within 15 days from the end   of each month during the tenor of the Facility. •The Borrower shall provide a   list of all other non­ ICICI Bank accounts prior to limit setup. ATB to   provide account statements f all other non-ICICI Bank accounts to ICICI Bank   upon Lender's request. •SBI Cash Credit Account shall be closed within 15   days from limit setup. •The Borrower shall provide a management certificate   confirming that there were no creditors greater than six months as on March   31, 2017. The Borrowershall also provide a management certificate confirming   the amount of creditors greater than six months within .15 days of signing of   its audited FY2018 financial results. •The Borrower shall provide a   management certificate confirming that there were no arrears in statutory   payments as on date. •The Borrower to give irrevocable instructions to its   top 20 customers to route 100% payments to the Borrower through the   Borrower's collection account with ICICI Bank before limit setup.   •Acknowledgement to be received from ten corporate customers out of top   twenty customer to route the payment through Borrower's Collection Account with   the Collecting Bank prior to limit setup such that collection through these   customers shall be more than 20% of gross bookings of FY2018 (provisional)   and from balance customers within 30 days of first disbursement. •Limit set   up over and above '{ 600.0 million to be done only post receipt of routing   confirmations from all of the top 20 customer.s of ATB. •The Borrower to   confirm that minimum 85% of the entire direct collections of the Obligor are   routed through the Lender within 1 month and at least 95% is routed within 4   months from availing the Facility and every month thereafter. Confirmation   letter to be provided by the Borrower within 15 days from 


    




 










----------= ==   t e ereafter from availing the Facility. In case-------------C=:::c-c direct   collections routed through ICICI Bank h and below 95% of the total   collections d monthly), it shall be considered as an Borrower shall make all   payments through its Collection Account only m'aintained with the on will be   obtained' on quarterly basis g the unhedged foreign currency exposure   Borrower. If the Borrower has unhedged right to increase the pricing.   insurance to be obtained prior to limit setup. ing by the Borrower to route   the entire collections through CollectionAccount only maintained with the   Lender before limit setup. Borrower to ensure ROC charges of State Bank re   satisfied within 60 days from the date of ions be obtained in liEiu of   certificate under assessment orders. In absence of assessment screenshot from   the IT portal with borrower AN duly certified by either Company Secretary or   by a Chartered Accountant to be Borrower to confirm that at the time of   availing ty there has been no cancellation from the stomers. , Borrower to   confirm that there are no immovable fixed assets as on date. shareholding in   ATB shall n<;t fall below 51.0% management control shall not fall below   its shareholding in ATB, anytime during the currency facility. Breach shall   be an Event of Default e Facility. Documents such other conditions precedent,   as it,prior to limit setup. any amounts payable d in the accounts of   Bo.rrower towards the f 1sFRnd 4th fall below 85% of the total collections   after month from availing the Facility (to be Default under the Facility.   currency exposure, then the Bank will of sanction letter. e from a Chartered   Accountant confirming 281 ofIncome TaxAct along with undertaking from Y,atra   that its direct during the currency of the facility and shall have the righ(   to stipulate in the month th the Account 1st mont after 4th monitore Event of   •The Lender. • Informati regardin of the foreign reserve a • All the •   Undertak • The of India a issuance • Certificat IT obligat section orders,   entity P obtained. • The the Facili top 20 cu • The • Upfront anytime its of   the under th The Lender(s) Transaction they may deem f Consequences of Event   of Default The consequences of event of default be limited to the following:   ' •In case of non-payment of in respect of the Facility: , o The amount   collectH the Borrower shall be obligation of the will, include but not   utilized to fulfill the 


    




 










case of   non-compliance with covenant on the ng of direct collections by the Borrower   through the Lender, <95% of the entire ctions of the Borrower (monitored   monthly) during the tenor of the Facility, the Borrower ensure to rectify   such shortfall within 15 . In case the Borrower fails to rectify the tfall: o   The amount collected in the aforesaid Acceleration of all outstanding dues,   Cancellation of total Facility rcement of Security Charging of default rate   Documents such other conditions precedent, as fit, rior to limit setup. ,   Bank Guarantee (BG) The collection made by the Borrower will be deposited in   the Au e facility Bank Guarantee (BG) Borrower I Obligor Air Travel Bureau   Limited (ATB) Lender(s) ICICI Bank Limited and/or such other\ bank(s) or   financial institution(s) which may become lenders pursuant to transfer of all   or a portion of the Facility to $1,.lCh bank(s)/financial institution(s) by   ICICI Bank Limited Promoter I Parent Yatra Online Private Limited (YOPL or   Yatra) Collecting Bank ICICI Bank limited Collection Account The Borrower   shall open current account(s) with the Bank as per applicable terms and   conditions. Collections Mechanism Collection Account with the Collecting   Bank. The Borrower to be allowed to use the funds available in their   Collection Account, subject to no event of default being triggered off under   the Facility. Type Financial guarantee Proposed Limit 300.0 million Existing   Limit Nil Purpose Financial guarantees to be issued to International Air   Transport Association (lATA) as ATB shall pay to them under lATA Billing and   Settlement Plan reporting and remittance calendar. L may be released. account   shall be utilized to reduce the outstanding Facility amount and the balance   amounts, if any, may be released to the Borrower at the sole discretion of   the Lender(s). No further Disbursements will be made under the Facility until   the Events of Default are rectified. shall have the right, to stipulate in   the •In routi colle shall days shor • • •Enfo • The Lender(s) Transaction   they may deem 


    




 










shall be as per   the payment I retention business. illio Validity 12 months i.e. July 30,2019   Cash Margin Guarantees covering disputed liabilities-100% Financial guarantees-20%   in current account float with ICICI Bank Contractual Comfort o Unconditional   and Irrevocable Corporate Guarantee from Yatra Online Private Limited. o Non   Disposal Undertaking from the Parent not to dispose any shareholding in the   Borrower throughout the tenor of the Facility apart from the pledge   obligation that the Parent has created before availing the Facility. Security   •Exclusive charge on all the present and future current assets and moveable   fixed assets of the Borrower. •Exclusive charge on all future immovable fixed   assets of the Borrower. · • The Borrower to maintain current account float of   150.0 million in a non-checking account with ICICI bank during the tenor of   the Facility. The aforesaid amount shall be lien marked to ICICI Bank and   CHG-1 shall be filled upfront for the same. •Creation of security along with   filing of CHG1 shall be done upfront except for immovable fixed assets as   there are no immovable fixed assets as on date. Perfection of security along   with Cersai filing to be done within 45 days from the date of limit setup. BG   Tenor Maximum period of BG (including claim period, if any) to be restricted   to 18 months. Commission 1.25% p.a. The commission shall be calculated on the   actual number of days basis i.e. from the date of issuance/ opening of the BG   upto the end of claim period. In case of foreign currency bank guarantees,   the following charges will be additional: SWIFT/communication charges-Rs 500   per guarantee Correspondent bank charges, if any, shall be charged on actuals   Minimum Commission 500.0 per guarantee Commission Collection Frequency   Payable upfront for the entire tenor of the guarantee General •The bank   guarantees to be issued format acceptable to the Bank. •In case of bid bond I   EMD /advance money guarantees stipulated under Bank will obtain counter   guarantees fr expense of the company. project exports, om ECGC at the 


    




 










----------------------·---------------------·--·--   - - -------- - -   --------------------------------------------------------------------------------------   -------: -:== =-= ====-=' rant_ t); Ji g(i Wffi cuffifSE-:u= scheme, bank   will obtain counter guarantee of ECGC at the expense of the company. Special   Conditions •The Borrower to confirm that m.inimum 85% of the entire direct   collections of the ·,Obligor are routed through the Lender within 1 month and   at least 95% is routed within 4 months from availing the Facility and every   month thereafter. Confirmation letter to be provided by the Borrower within   15 days from the end of 1st and 4th month respectively and every month   thereafter from availing the Facility. In case the direct collections routed   through ICICI Bank Account fall below 85% of the total collections after 1st   month and below 95% of the total collections after 4th month from availing   the Facility (to be monitored monthly), it shall be considered as an Event of   Default under the Facility. • Upfront undertaking from Yatra that its direct   shareholding in ATB shall not fall below 51.0% anytime during the currency of   the facility and its management control shall not fall below its shareholding   in ATB, anytime during the currency of the facility. Breach shall be an Event   of Default under the Facility. •The Borrower shall note request the bank for   issuance of BGs in favour of any sister concerns/ associate concerns/ group   companies/ associates of the Borrower. Consequences ofEvent of Default The   consequences of event of default will, include but not be limited to the   following: •In case of non-payment of any amounts payable in respect of the   BG Facility: o The amount collected in the accounts of the Borrower shall be   fully utilized to fulfill the obligation of the Borrower towards the Lender   and the balance amounts, if any, may be released. i. •In case of   non-compliance vvith covenant on the routing of direct collections by the   Borrower throughthe Lender, <95% of the entire collections of the Borrower   (monitored monthly) during the tenor of the Facility, the Borrower shall   ensure to rectify such shortfall within 15 days. In case the Borrower fails   to rectify the shortfall: o The amount collected in the aforesaid account   shall be fully utilized to increase the Cash Margin equivalent to the   outstanding BG Facility amount and the balance amounts, if any, may be   released to the Borrower at the sole discretion of the Lender(s). No further   disbursements will be made under the BG Facility until the Events of Default   are rectified\ •Acceleration of all outstanding dues, •Cancellation of total   Facility · •Enforcement of Security •Charging of default rate 


    




 










shall   jtve_:_=fE -=:.:r §ht=-t.o==--ttputa --=-c: :cc=::_ =--:= Transaction   Documents such other conditions precedent, as they may deem fit, prior to   limit setup. Operational terms and conditions 5. h /<l>·7•;_.),•i·   ·\o,;\;;tf"\ ·,\' ll lH',{) i;:;(:;r i 1. Periodof sanction The working   capital facilities are payable on demand. However the facilities are   available till 12 months subject to review at periodical intervals wherein   the facilities may be continued I cancelled I reduced depending upon the   conduct and utilisation of the facilities. 2. Insurance The Company has to   ensure comprehensive insurance cover against all risks on the security   offered for the facilities. Value of insurance policy should be equal to the   value of the stocks at any point of time. Any shortfall in the value of   insurance cover shall be covered immediately by the company or by the Bank by   debiting the former's operative account with the Bank. The policies should be   either in the joint names of the company and the Bank or bank's lien should   be noted on the policies as first loss payee. 3. Inspection NA 4. Stock Audit   The bank in consultation with the company will arrange for stock and   receivables audit once in a year by an outside agency under the   consortium/multiple banking arrangement The terms of reference will be   finalized by the Bank I consortium of banks at its sole discretion. The terms   of reference will be finalized by the Bank I consortium of banks at its sole   discretion. Periodicity of submission of information to the Bank Stock   Statement The company will furnish on or before 22"ct day of the month,   details of book debts in the prescribed format. The borrower to submit client   wise outstanding for all the debtors on quarterly basis. Each such debtor to   have a) Gross Value (b) Age less than 90 days. The outstanding borrowings in   company's accounts at all times need to be fully covered by the value of   hypothecated security less the stipulatedmargin after providing for   outstanding credit if any under usance letters of credit. Collections Data   The company will furnish on or before 71 day of every subsequent month the total   collections and collections routed through ICICI Bank during the month. 


    




 










---------------------------   --- --to b mn tfl_::-t stffi!ii fOmia:Fo--c: "=' -=-='c--=-====-c-.::--'   == quarterly basis within 45 days of close of gross bookings of the Borrower   shall ded to the Borrower within 7 days from listed companies,abridged   quarterly I guidelines will be accepted. This be signed by the Relationship   Manager. unconditional_ right to cancel the without giving any prior are not   utilised by the Creditworthiness of the terms and conditions of letter of   sanction and/ Deterioration in the include without limitation, Borrower by a   Credit defaulters list; Borrower by more than e !.Deterioration in the   agrees, undertakes to get financial information quarter. of month published   by the company as required (OFI) Monthly be provi the end For results, by SEB   should Data required for renewal of credit limits On or before the expiry of   the credit limits Audited I unaudited financial statements Audited : within   six months from the close of the accounting year 6. Special Conditions (A)   The Bank reserves the Limits advanced/ to be advanced u facility agreements/   sanction letter the currency of the Facility notice to the Borrower, on the   occu more of the following: • in case the Limits/part of the Limits Borrower;   or • in case of Deterioration in the Borrower in any manner whatsoever; • in   case of non-compliance of the the respective facility agreements/ or Security   Documents. For the purpose of this clause, Creditworthiness shall mean and   the following events: • downgrade of the rating of the Rating Agehcy; •   inclusion of the Borrower and/or any Reserve Bank of India's willful •   closure of a significant portion of the capacity; • decline in the profit   after tax of the fifteen percent; • any adverse comment from the Audit • any   other reason/ event in the opin constituting or which may constitut   Creditworthiness; (B) The Borrower unconditionally nder their respective s at   any time during rrence of any one or or . of its Directors in the Borrower's   operating or; and ion of the said Bank 


    




 










-----------------------------   -------------Agency" shall mean and refer to the domestic agencies such   as Credit Analysis and Research imited, FITCH India and ICRA Limited and   credit rating agencies such as Fitch, Moodys Poor's and such other credit   rating agencies recognized by the Reserve Bank of India . Company will submit   a declaration that overall king capital facilities from all banks shall be   maximum permissible bank finance. All debtors red to be deducted from Drawing   Power. o be submitted by the borrower regarding regard to credit facilities   availed from other obtained as per Annexure I of the RBI Circular consortium   arrangement I Multiple Banking ' ertification by professional with regard to   various statutory prescriptions is obtained as of the RBI Circular to be   submitted by the takeover/merger of ATB by Yatra Online or any associate or   sister concerns of YOPL; announcement of such takeover/merger, outstanding   facility to be fully paid off and outstanding cility to be fully cash   collateralized, and no ment to be permitted. All monies in the Account of the   Borrower maintained with ICICI utilized toiJVards effecting the same. Such   cash may also be permitted by way of mutual securities with terms acceptable   to ICICI Bank. r shall ensure that minimum level of gross monthly basis shall   not fall below '{ 900.0 t falls below '{ 900.0 million for any month, shall   be given cure period of 3 months to above'{ 900.0 million/ month.. bookings   in any month falls below '{ 700.0 Default to be triggered under the Facility.   All the Collection Account of the Borrower ICICI Bank to be utilized to fully   pay off the er the Cash Credit facility and fully cash "Credit Rating credit   rating Limited, CRISIL L international and Standard & identified and/or   from time to time (C) The utilisation of wor within discounted/ facto (D)   Declaration t information with bankers is 'Lending under arrangements' (E)   Half-yearly c compliance of per Annexure Ill borrower. (F) Prior to any   Private Limited, or any under the CC under the BG fa further disburse   Collection Bank to be collateralization funds/liquid (G) The Borrowe bookings   on a million. In case i the Borrower increase it (H) In case gross million,   Event of collections in maintained with outstanding und 


    




 










c e outst   namg=: rr"l([ Thec {Efii!.Crlrt'lf further disbursements shall be made   till such Event of Default has been cured to the satisfaction of the Lender.   (I) The Borrower shall not declare any dividend payout/upstreaming of profit/   extend loan/advances from the Borrower to Yatra Online Private Limited   (YOPL). The Borrower shall only deal with YOPL in transaction which are   regular business in nature. Lender shall have the right to seek all relevant   information in this regard, at all times during the currency of the Facility.   (J) The Borrower shall take ICICI Bank approval in case of raising any   further indebtedness including by way of Corporate Guarantee apart from   incremental debt (subject to no breach in stipulated financial covenants) of   upto Rs 100.0 million excluding commercial card facilities availed by the   Borrower. 7. Takeover Conditions for Cash Credit facility The following   conditions shall be applicable in case of complete and one-time takeover of   outstanding cash credit limit from State Bank of India: 1. All applicable   takeover guidelines as per RBI Circular on "Transfer of Borrowal   Accounts from one Bank to Another" dated May 10,2012 to be complied with   2. Satisfactory Credit Opinion report/balance confirmation of the borrower   account with State Bank of India (SBI), as per the regulatory prescribed   formats (Reserve Bank of India circular dated May 10, 2012) shall be obtained   from the transferor bank before disbursement and for the said purpose. In   case the credit information from the transferor bank is not received within   the prescribed time period, the Bank shall proceed for the takeover of the   borrowal account after obtaining the information in the regulatory prescribed   format from the borrower which should be duly certified by a Chartered· Accountant   (CA) acceptable to the Bank. 3. Company shall write to State Bank of India   (SBI) mentioning that ICICI Bank is taking over the limits and no further   disbursement of any undisbursed limits to the Borrower to be done to be   obtained prior to any disbursement and the same shall be acknowledged by SBI   prior to limit setup. 4. ICICI Bank to send formal communication of take-over   to the applicable bank attaching Company's' letter written to ICICI Bank for   taking ..over SBI limits and referring in the letter that they have also   intimated SBI for such takeover on the day of fiq;t disbursement and the   acknowledgement of the same to be received on the same day post disbursement.   Letter should also state that no further disbursement of any undisbursed   limits to the Borrower on or after the date of this acknowledgment to be   done. 5. A one-time pay order/Demand ·1 draft/RTGS/Counter Bank Guarantee   equivalent to the outstanding amount (not exceeding sanctioned limit of ICICI   Bank) as per 


    




 










---------------------------------------------·------------------------------------------------------------------·--------   ------confumiltiQ_f:i=rtvea=from=sBl= - favoring SBI towards outstanding   working based and non-fund based facilities. Any certificate to be obtained   within 45 days of filed within 180 days takeover/ refinance. ce   -=--===--=====.=-:::--=--:--::; issued capital fund penal charges not be   funded 6. No-due take-over. 7. CHG-4 to be and overdues towards the same   shall by ICICI Bank Ltd. 8. Processing Fee One-time non-refundable processing   fee amounting to 7.5 million (exclusive of taxes and other statutory levies,   if any) by way of cheque I demand draft I other modes as may be acceptable to   ICICI Bank shall be payable'upfront. 


    




 










---------·------------------------------------------------------------   --------------------------------------------------·--·------------------------------------------------   ------------------- days and 2% Due date of submission is as follows:   statements Nature Reckoning of default interest Default interest rate (p.a.)   payable monthly default applicable) 1. Non-submission or delayed submission   of stock statement Default interest would be charged from the due date of   submission till the date of actual submission Due date of submission is as   follows: For single location company - by 7th day of the month; for multiple   location company - by 15th day of the month; (for consortiumadvances as   prescribed by lead bank) or due dates as per sanction terms Nil for first 15   thereafter 2. Non-submission Default interest would be charged from or   delayed the due date of submission till the date submission of OFI of actual   submission or equivalent reports Nil 3. Non-submission Default interest would   be charged from or delayed the due date of submission till the date   submission of of actual submission financial • Provisional 3 months from the   close of accounting year • Audited6 months from the close of accounting year   • Renewal On expiry of credit limits data Nil 4. Irregular due to a) Excess   drawings - Over drawing drawings beyond power but within sanctioned limit   DP/Limit b) Excess drawings over sanctioned limit c) Continuously irregular   for more than 45 days under (a) or (b) above 2% 5. Insurance Insurance cover   not obtained I not renewed Nil 


    




 










 default (as applicable) interest rate (p.a.)   payable monthly 6. Payment default (in case of foreign currency loans, the   foreign currency amount will be converted into equivalent rupee and default   interest as mentioned herein will be charged Default interest would be   charged from the day after of the due date till such time as the default   amount is paid 2% 7. Non-compliance of sanction terms Any stipulated security   not created, perfection requirements and other formalities not completed   and/or sanction terms not complied with 2% 8. Default on invocation of Bank   Guarantee In case payment is not made towards invoked Bank Guarantee within 2   days, default interest would be charged from 1-Base+ 10% the date of receipt   of claim till the date of payment