Credit report - transfer of loan account

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2013 Our client need to transfer their Cash Credit account from SBI to BOB.

BOB is asking for credit report from SBI.

I need to know what are the contents of this report and how they prepare it.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

21 June 2013 It will be contains, you credit record with bank. repayment and interest payment record and history

Message likes : 1 times

Trilok Lalwani

Trilok Lalwani (Expert)
Follow

13 February 2015 Credit report contains following important aspects:
1. Constitution/Address/name of partners-Directors etc.
2. nature and quantum of Credit limits/banking Account
3.Since when established and banking with the concern Bank.
4. Nature of Business and the allied activities known to the bank
5.net Means of the Company/Firm/Directors/partners
6. Names and address of the Associate Concerns of the firm/company.
7. Experience as to their dealings (BRIEF WRITE-UP)
8. Health status/Asset Classification of the account.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now