The bank requires insurance coverage for the stocks declared. Ensure your insurance policy is valid, covers the full value of the stock, and includes the bank's hypothecated clause.
The net value calculated after removing ineligible or old stock.
The Stock Statement provides the raw numbers for this calculation. It protects both the bank from non-performing assets (NPAs) and helps your business maintain a healthy credit flow. The bank requires insurance coverage for the stocks declared
Submit the signed copy to your branch by the 7th or 10th of the following month.
Navigate to the official Union Bank of India portal at https://unionbankofindia.co.in . Always ensure you are on the secure, official website to protect your financial data. Step 2: Access the Forms Section The Stock Statement provides the raw numbers for
For businesses and MSMEs maintaining a or working capital facility with Union Bank of India (UBI) , submitting a periodic Statement of Stock Position is a mandatory requirement. This document allows the bank to assess your current inventory and calculate your Drawing Power (DP) . Where to Download the Stock Position Form
I can provide the exact calculation breakdown or targeted advice for your specific commercial loan profile. Share public link Navigate to the official Union Bank of India
site:unionbankofindia.co.in "stock statement" form filetype:pdf
: The statement may require you to classify stock into categories such as Raw Material , Work-in-Progress (WIP) , and Finished Goods to give the bank a clearer picture of your operational stage.