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Concurrent audit

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(Querist)
31 December 2013 how to calculate...
1. penal charge for non submission of stock statements ?
2. concept of review charges ...
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
31 December 2013 1. as per the conditions provided in the loan documentation.

2. the concept of review charges is that whenever the bank reviews the credit limits sanctioned to the borrower, bank charges a fees for the same. this fees is known as review charges.
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