Bank audit
This query is : Resolved
Vikas G. Telrandhe
(Querist)
09 January 2012
please,
explain me that how to calculate the penal interest due to non submission of stock statement.
please reply soon
thank you
explain me that how to calculate the penal interest due to non submission of stock statement.
please reply soon
thank you
Yogesh Agarwal
(Expert)
11 January 2012
Just go through the sanction letter.. there the system related to charging of penal interest for failure to comply with the conditions laid down is given.... The method should be first be known from the bank itself...and see whether the charges levied is same...
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