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)
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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)
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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.