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  • Letter From The Branch of A Bank To Its Head Office For Extending Overdraft Facility To A Customer

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    Vignesh Selvaraju
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    The manager of the Indian National Bank in New Delhi writes to the head office in Mysore requesting approval to extend an overdraft facility of Rs. 75,000 for 6 months to Bindal Home Appliances Pvt. Ltd. The company has had a smooth business relationship with the bank for 15 years and good credit status, and has offered equity shares currently valued at Rs. 80,000 as deposit. The manager recommends approving the company's request.

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    banking letter

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    Banking Letter

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    The manager of the Indian National Bank in New Delhi writes to the head office in Mysore requesting approval to extend an overdraft facility of Rs. 75,000 for 6 months to Bindal Home Appliances Pvt. Ltd. The company has had a smooth business relationship with the bank for 15 years and good credit status, and has offered equity shares currently valued at Rs. 80,000 as deposit. The manager recommends approving the company's request.

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    26 Ansichten1 Seite

    Letter From The Branch of A Bank To Its Head Office For Extending Overdraft Facility To A Customer

    Hochgeladen von

    Vignesh Selvaraju
    The manager of the Indian National Bank in New Delhi writes to the head office in Mysore requesting approval to extend an overdraft facility of Rs. 75,000 for 6 months to Bindal Home Appliances Pvt. Ltd. The company has had a smooth business relationship with the bank for 15 years and good credit status, and has offered equity shares currently valued at Rs. 80,000 as deposit. The manager recommends approving the company's request.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als DOCX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 1

    Letter from the Branch of a Bank to its Head Office for Extending Overdraft Facility to a Customer: Indian National

    Bank 23, Padmakar Marg New Delhi 110049 22 June 2012 The General Manager Indian National Bank 143, Mayappa Road Mysore 570063

    Dear Sir Sub: Extending Overdraft Facility to a Customer Ref: DDF/291 We have received an application (copy enclosed) from Bindal Home Appliances Pvt. Ltd., Lajpat Nagar, New Delhi for extending the overdraft facility for Rs. 75,000 for 6 months, that is, from 1 July to 31 December 2009. This facility is required by them to meet the cost of intensifying effort to promote the sale of their products. Our business relationship with the company for the last 15 years has been smooth and harmonious. Their withdrawals have been moderate and they enjoy good credit status in the market. Moreover, they have offered to deposit with us equity shares of Somani Cotton Mills, Surat, whose current market value is Rs. 80,000. I, therefore, think that their request deserves to be accepted. Please consider the matter favourably and convey your approval soon. Yours truly D.A.Rahim Manager

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