Monday, October 26, 2009
Working Capital Loan And Cash Credit System
The drawing power is adjusted at regular intervals (normally once a month) by considering the level of current asset that has been paid for and deducting margin(s) therefrom at stipulated rate(s)
These margins are worked out in line with the lending norms of Tandon Committee.
The amount of loan outstanding can vary freely within the drawing power and at times the balance in the cash credit account can even be in credit
These margins are worked out in line with the lending norms of Tandon Committee.
The amount of loan outstanding can vary freely within the drawing power and at times the balance in the cash credit account can even be in credit
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