Comments
I would like to inform you that I am a proprietor of M/s PranabanandaPharma
a Medicine Whole Sale Distributor at Nagaon Dist . That I am also a Current Account holder bearing
A/c No. [protected] in your Bank at Nagaon Branch having handsome transactions since last 2 years and this is a fair background of relationship for a banker from its customer.
That in the last financial year[protected] my firm achieved a turn over of Rs. 2430000.00(Rupees Twenty Four Lacs Forty Three Thousand) approximately. That during the last financial year the firms' Total Credit transaction stood at Rs. 2769969.00.
That I have applied on the month of August 2010 for availing a Cash Credit facility for the expansion of my firm's business as well for the a little growth to the economy of our country.
That for availing the same the branch manager of the Branch ask me to wait upto Dec 2010
and ask me to bring some documents as required for the Cash credit A/c from your side and accordingly I have submitted all the required documents to the branch. Despite of submission of all documents, the branch manager asked me to wait for some days. During this process from August 2010 to Feb 2011, I have also send two (2) mails to your authority concern for the delay occurred in connection of my application and your authority concern intimated the same to the branch regarding my application but nothing have been done on the part of the branch till today . I visited your branch on 02/07/11 to the status of my application but I have seen that the previous manager has been transferred from the branch and a new branch manager sited on the chair, then and then I asked about my application and after verifying my application he also asked me to wait for another 6 months.
This is the story in short about my application for availing CASH CREDIT from your bank branch.
Now my question is if my firm is not eligible for availing the facility of cash credit from your bank than why your bank did not denied at the first instant ? As because I have been waiting for the same since one year.
If you satisfied after verifying my current account statements about my firms achievement then I can request you take some necessary and positive action in the said matter and for which act of your kindness I shall remain ever grateful you and oblige.
Thanking you.
yours faithfully
Proprietor
M/S Pranabananda Pharma.
A.D.P Road, Nagaon Assam.
a Medicine Whole Sale Distributor at Nagaon Dist . That I am also a Current Account holder bearing
A/c No. [protected] in your Bank at Nagaon Branch having handsome transactions since last 2 years and this is a fair background of relationship for a banker from its customer.
That in the last financial year[protected] my firm achieved a turn over of Rs. 2430000.00(Rupees Twenty Four Lacs Forty Three Thousand) approximately. That during the last financial year the firms' Total Credit transaction stood at Rs. 2769969.00.
That I have applied on the month of August 2010 for availing a Cash Credit facility for the expansion of my firm's business as well for the a little growth to the economy of our country.
That for availing the same the branch manager of the Branch ask me to wait upto Dec 2010
and ask me to bring some documents as required for the Cash credit A/c from your side and accordingly I have submitted all the required documents to the branch. Despite of submission of all documents, the branch manager asked me to wait for some days. During this process from August 2010 to Feb 2011, I have also send two (2) mails to your authority concern for the delay occurred in connection of my application and your authority concern intimated the same to the branch regarding my application but nothing have been done on the part of the branch till today . I visited your branch on 02/07/11 to the status of my application but I have seen that the previous manager has been transferred from the branch and a new branch manager sited on the chair, then and then I asked about my application and after verifying my application he also asked me to wait for another 6 months.
This is the story in short about my application for availing CASH CREDIT from your bank branch.
Now my question is if my firm is not eligible for availing the facility of cash credit from your bank than why your bank did not denied at the first instant ? As because I have been waiting for the same since one year.
If you satisfied after verifying my current account statements about my firms achievement then I can request you take some necessary and positive action in the said matter and for which act of your kindness I shall remain ever grateful you and oblige.
Thanking you.
yours faithfully
Proprietor
M/S Pranabananda Pharma.
A.D.P Road, Nagaon Assam.
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Suraj Plaza-1, Sayaji Ganj, Vadodara, Gujarat, India - 390005
Bank of Baroda — loan outstanding
I was giving edu loan of Rs 6 L, due to some reasons there were inconsistent repayments. However i was trying to make up to it soon. I had approx 2.5 L in NRI account with the same bank same branch, One fine day bank decides that as i am not paying my installments they transferred ALL funds from my NRI account without my consent.I had better plans not only to repay the loan but also to secure my future. I feel completely threatened by this behaviour of the bank. Truly unproffessional.
Do they have such right ? How shall i take this further as my savings is lost in one go?
thank you for any form of help....