Bank Finance
This query is : Resolved
Himansu Sekhar Pati
(Querist)
23 January 2009
May i get from anyone in what Basis Banks are sanctioning cash credit to its customer ?
23 January 2009
Banks prepare an appraisal report on the basis of project report and past performance whereby the working capital requirement is taken into account besides the securities offered by the applicant.
Azmathullah Khan
(Expert)
23 January 2009
It depend,
for manufacturing company, u can take the CC agt., Stock, & Creditors
For Service, agt., the receivable
If u can clearly tell me, I am able to tell u more abt it.
Thx,
for manufacturing company, u can take the CC agt., Stock, & Creditors
For Service, agt., the receivable
If u can clearly tell me, I am able to tell u more abt it.
Thx,
23 January 2009
Go through the rules laid down at following link:
https://iob.in/uploads/CurrentAccount_And_CashCredit_Rules.pdf
https://iob.in/uploads/CurrentAccount_And_CashCredit_Rules.pdf
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