Sunday, October 25, 2009
Working Capital Loan And Cash Credit System
Working capital lending still a major functional area for commercial banks
Conventionally, working capital financing in India is in the form of cash credit facility
Under the cash credit system, the lending bank sanctions a maximum loan limit to a customer
Utilisation is subject to availability of adequate assets pledged or hypothecated
Conventionally, working capital financing in India is in the form of cash credit facility
Under the cash credit system, the lending bank sanctions a maximum loan limit to a customer
Utilisation is subject to availability of adequate assets pledged or hypothecated
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment