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Name of Lender Facility/Instrument Amount (Rs. Crore)
IndusInd Bank Limited Term Loans 160
State Bank of India Term Loans 375
Bank of India Working Capital Facilities 125
Bank of Baroda Working Capital Facilities 80
Bank of Maharashtra Working Capital Facilities 300
Canara Bank Working Capital Facilities 130
Not Applicable Proposed Unallocated Limits 59
ICICI Bank Limited Non Fund-Based Facilities 114
Axis Bank Limited Non Fund-Based Facilities 140
Citibank N.A. Non Fund-Based Facilities 30
Credit Agricole Corporate & Investment Bank Non Fund-Based Facilities 15
HSBC Limited Non Fund-Based Facilities 10
IDFC FIRST Bank Limited Non Fund-Based Facilities 25
Bank of India Non Fund-Based Facilities 75
Bank of Baroda Non Fund-Based Facilities 50
Bank of Maharashtra Non Fund-Based Facilities 100
Canara Bank Non Fund-Based Facilities 31
State Bank of India Non Fund-Based Facilities 35
HDFC Bank Limited Non Fund-Based Facilities 100
Credit Agricole Corporate & Investment Bank Working Capital Facilities 115
HSBC Limited Working Capital Facilities 340
Deutsche Bank Working Capital Facilities 240
Kotak Mahindra Bank Limited Working Capital Facilities 100
J.P. Morgan Chase Bank N.A. Working Capital Facilities 215
MUFG Bank Limited Working Capital Facilities 220
State Bank of India Working Capital Facilities 460
HDFC Bank Limited Working Capital Facilities 397
ICICI Bank Limited Working Capital Facilities 465
Axis Bank Limited Working Capital Facilities 180
Citibank N.A. Working Capital Facilities 466
Standard Chartered Bank Working Capital Facilities 175

*February 23, 2026


The details presented on this page provide an update on the names of lenders, in reference to the total credit facilities of Bharat Forge Limited rated by ICRA. To access the previous rating rationale: Click Here.


This update is being published as per the directions of the Reserve Bank of India (RBI) to the Credit Rating Agencies (CRAs) vide the communication [CO.DOR.ISG.No.S150/21-06-008/2021-2022] dated June 4, 2021.