Bank has sanction a limit of Rs. 80lacs & add a condtition that "nature of limit will be ODBD Margin 40% of BD and BG with 25% Margin" what is the meaning of this??
Pl help me.
With regards
Amit Verma
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Bank sanction limit
Replies (1)
Amit, this is refer to your drawing power. Thats means though they sactioned you Rs. 80 Lac but it is limited 40 % of your Book Debt and 25 % of Bank Guarantee
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