Regarding stock statement for cash credit limit
This query is : Open
Ashish Trehan
(Querist)
07 August 2017
I have taken a cash credit facility from a bank. Is it mandatory to submit the stock statement monthly?
K Srinivas, CMA CS
(Expert)
07 August 2017
Yes. Cash credit limit for a month will be the lower of drawing power or sanctioned limit.
Drawing power will be arrived after reducing margin on the value of stocks you hold
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