| Question And Answer | |
|---|---|
| Subject: | bank cc loan stock statement |
| Category: | General Law |
| Querist: | kollipara sundaraiah |
| Answered by: | Law Intern |
| Tags: | loan |
| Date: | April 15, 2025 |
Sir, A business person rs:40 lacs received od loan from union bank of india Question: A person monthly stock statement report compulsory and rs:40 lacs od loan minimum stock value show in stock statement report
Generally speaking, Banks normally require monthly stock statements for OD loan against inventory or working capital.
The exact margin and minimum stock value will depend on the terms of the OD agreement.
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