01 April 2014
sir/madam
please tell me that how many benefits are providing by banks on cash credit (cc) limits directly or indirectly ......... plz reply
01 April 2014
What benefits you are talking. When you borrow from bank for your business you have to pay interest and keep collateral securities and if you fail to pay you have to face all legal proceedings.
The only benefit is that the cash credit limit is sancted in lesser number of days then other loans
CAclubindia
