2023 2024 Student Forum > Management Forum > Main Forum > Working Capital Of PNB

Thread: Working Capital Of PNB Reply to Thread
Your Username: Click here to log in
Title:
  
Message:
Trackback:
Send Trackbacks to (Separate multiple URLs with spaces) :
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
13th February 2016 12:36 PM
Shaleen
Re: Working Capital Of PNB

Punjab National Bank is an Indian multinational banking and financial services company. The Bank was established in 1894. It is a state-owned corporation based in New Delhi, India. Punjab National Bank is one of the Big Four banks of India.

Scheme for Financing Stocks / Receivables not older than 4 months etc credit is provided for:


Financing of stock in trade, book debts (not older than 4 months) and other assets to be used in the trade

Nature & Extent Of Loan-

Working Capital/ Term Loan (fund based & non-fund based) - Need Based

Margin Requirements-

Working capital limits:-

Against Stocks : 30% to 40%,
Against Receivables : 40%

Repayment-

Working capital Term Loan (WCTL) is repayable in equal monthly/quarterly installments within a period of 3 to 5 years.

Commencement of repayment be linked with generation of revenue by the business within a maximum period of 3 months of 1st disbursement.

Cash Credit - Working capital limits shall be sanctioned for a period of one year and shall be renewed/ reviewed annually

Eligibility-

Traders, who are individuals, firms, HUFs, cooperative societies registered under any law relating to cooperative societies and companies etc.
Promoters /co-obligants must have existing satisfactory relationship of minimum at least six months with the Bank or at least for one year with any other bank /FI.

Traders should comply with applicable statutory requirements, such as State/Central Sales Tax Registration Certificate, Licence under Shops & Commercial Establishment Act, Registration with Excise Department, etc.

Advances against goods or any other item prohibited by RBI/Govt. from time to time will not be covered under this scheme.
13th February 2016 12:35 PM
Unregistered
Working Capital Of PNB

I want to know the Working capital limits of the Scheme For Financing Stocks of Punjab National Bank PNB so can you tell me?

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT +5. The time now is 01:54 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4