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This query is : Resolved 

23 January 2009 May i get from anyone in what Basis Banks are sanctioning cash credit to its customer ?

23 January 2009 Banks prepare an appraisal report on the basis of project report and past performance whereby the working capital requirement is taken into account besides the securities offered by the applicant.

23 January 2009 It depend,
for manufacturing company, u can take the CC agt., Stock, & Creditors

For Service, agt., the receivable

If u can clearly tell me, I am able to tell u more abt it.

Thx,



23 January 2009 Go through the rules laid down at following link:
http://iob.in/uploads/CurrentAccount_And_CashCredit_Rules.pdf



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