For businesses enjoying working capital facilities like or Overdraft (OD) from Canara Bank, submitting a monthly stock statement is a mandatory regulatory and compliance requirement. This statement, often referred to as NF-902 , helps the bank determine the Drawing Power (DP) —the maximum amount a borrower can withdraw against their inventory and receivables.
Canara Bank uses distinct formats and form codes depending on the type of credit facility. Understanding which format applies to your situation is the first step. canara bank stock statement format pdf link
Ensure that your stock insurance policy is active, covers the full value listed on your statement, and explicitly names Canara Bank as the primary beneficiary. For businesses enjoying working capital facilities like or
Market-ready products valued at cost or market price (whichever is lower). Stores & Spares: Consumables used during production. 2. Book Debts (Sundry Debtors) Understanding which format applies to your situation is