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Q. > Please Help: Bank Renewal of Limit
My Clint is an Existing Cash Credit Borrower of Bank and is not accepting the Renewal Sanction Letter provided to him on the ground that the Renewal is against the accepted Banking norms what can be the next line of action by the Bank .The Borrower has stopped transecting with the bank .
1 Answers
answered May 19, 2013 by Vikash Kumar Jha , Cuttack
If you are already cc limit holder you can transact to that limit and upto the time which is specified in your cc sanction limit letter irrespective of fact that renewal letter not accepted for any new limit.
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