Question

Which of the following is not a right statement for a Drawing Power?

A the total exposure that a bank can take on a particular client for facilities like cash credit, overdraft, export packing credit, non-funded exposures

B It applies only to fund-based working capital financing facilities.

C It is used as a part of the credit monitoring practices of the lending institution.

D It refers to the amount calculated based on primary security less margin on a particular date

E All are correct

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Bank of India Credit Officer Scale 1
Bank of India (BOI) Credit officer

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Which of the following is not a right statement for a Drawing Power?

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