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What is monthly stock statement?

MSS i.e Monthly stock statement is a very simple and important tool to monitor the stock level & consumption trend based on which refilling quantity can be projected. The only work to be done at any health institution level is to report the stock in hand (For each drug) on first day of each month.

What happened to Oriental Bank of Commerce shares?

According to the mega consolidation plan, OBC and UBI will merge into PNB; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into Indian Bank. After the mergers, there will be seven large public sector banks (PSBs) and five smaller ones.

What is stock statement for CC account?

This statement describes how much stock was purchased at what value and when, and is a matter of accounts and finance supplied by the cash credit account holder (e.g. a private limited company) to banks providing loans at a regular interval. It details opening and closing balances for transacted items as well.

What is the price of OBC?


Previous Close 43.25
Offer Price (Qty) 0.0 (0.00)
Day’s High – Low 44.30 – 41.10
52 Week Range 41.10 – 44.30
Volume Traded (in 000s) 168.05

What is Nayak Committee method?

Turnover method (Nayak Committee norms) Under turnover method, the aggregate fund-based working capital limits are computed on the basis of Minimum of 20% of their projected annual turnover. The borrower has to bring the margin of 5% of the annual turnover of such borrowers as margin money.

How can I check my balance in OBC bank?

Use the Oriental Bank of Commerce Balance Enquiry Number 08067205757 to find your account balance. You just need to give a missed call to this number. Your call will automatically get disconnected after short rings and you will receive an SMS within a few seconds providing your account balance.

What will happen to bank shares after merger?

After a merge officially takes effect, the stock price of the newly-formed entity usually exceeds the value of each underlying company during its pre-merge stage. In the absence of unfavorable economic conditions, shareholders of the merged company usually experience favorable long-term performance and dividends.

How do I get a stock statement?

A typical Stock Statement Should Include:

  1. Item description.
  2. Location where goods stored.
  3. Quantity of opening stock.
  4. Purchased goods.
  5. Items sold.
  6. Quantity of closing stock.
  7. Rate of each items.
  8. Total value of the goods stored.

How is CC DP calculated?

100000/- (as per sanction 90 days old are considered for DP)….How to calculate the drawing power of a Cash Credit account?

A Total Stock (fully insured) Rs.1500000
G Less Book debts more than 90 days Rs.100000
H Book debts up to 90 days old Rs.400000
I 40% margin on “H” Rs.160000
J DP on book debts (H-I) Rs.240000

Is Oriental Bank of Commerce merged with PNB?

Oriental Bank of Commerce and United Bank of India have merged with Punjab National Bank (PNB). All customers of erstwhile OBC Bank are now migrated to CBS of PNB wherein they can transact seamlessly via existing branches and digital banking channels like internet banking and mobile banking.

What is Tandon committee?

The Tandon Committee was formed with the objective of framing guidelines for commercial banks for ensuring proper end-use of funds, for supervision and follow-up of bank credit. You can read about the RBI – Reserve Bank of India [UPSC Indian Economy Notes] in the given link.

How can I download OBC bank account statement?

Below are the steps to download the OBC bank statement: Log in to the OBC BANK Net Banking account using the User ID and Password. Choose ‘operative account statement’ and click on the go button to view the updated account statement. Select the transaction date range, the format for your account statement and click on the ‘Statement’ button.

When to submit stock statement to the bank?

Cash credit account holder needs to submit stock statement every month to the bank. It is a declaration about stock in hand as on the day when stock statement is submitted. This is only in the case of when credit is taken against the stock.

Do you get onboard credit for owning carnival stock?

Just like any other cruise onboard credit you might receive in a special sale or via your travel agent, Carnival shareholder onboard credit isn’t transferable. The cruise line will apply the OBC only to the account that matches the name of the legal shareholder.

Can you use OBC before a Carnival Cruise?

Unlike some cruise lines that allow you to use OBC before your cruise to pay for packages and services on board, Carnival and its subsidiaries only allow you to use onboard credit once you’re physically on the ship.