Is the Overdraft to be conssidered in the nature of loan for the purpose of the applicability of the loan?
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Is Overdraft in nature of loan for the purpose of the CARO R
Replies (1)
Yes.
Loan from banks or financial institutions are normally in the form of
Term loan
Export credits
Working capital limits
Cash credits
Overdraft facilities
Bills purchased or discounted.
Regards
K.Ilayaraja
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