Canara Bank OCC Stock Statement Form (commonly referred to as
B. Offline Method (Branch Visit)
For users without internet banking access or for forms requiring wet signatures on stamped paper:
The stock statement is an essential document for customers who have availed OD/CC facilities from Canara Bank. It helps the bank to assess the customer's creditworthiness and ensure that the loan is being utilized for the intended purpose. The stock statement typically includes details such as the opening stock, purchases, sales, and closing stock for a specific period. By analyzing this statement, the bank can determine the customer's asset turnover, sales trend, and inventory management practices.
If you have a Cash Credit (CC) or Open Cash Credit (OCC) facility with Canara Bank, you are required to submit a monthly stock statement to maintain your drawing power. The bank uses this form to monitor the value of your inventory and ensure it covers the loan amount. Forms for Download
