Canara Bank typically considers the realizable value (market value minus selling expenses) for calculating drawing power.
In banking terminology at Canara Bank , stands for Open Cash Credit . It is a specialized credit facility primarily for small and medium-sized enterprises (SMEs) to meet their day-to-day working capital needs. To maintain this facility, borrowers must regularly submit a Stock Statement , which the bank uses to calculate the Drawing Power (DP) —the actual amount the borrower can withdraw from their sanctioned limit based on current inventory. Understanding the Canara Bank OCC Stock Statement
: Details of where the stock is kept (Godowns), including full addresses.
A is a periodic report (usually monthly) that borrowers must submit to Canara Bank. It details:
