I had taken a bank loan sanction of 1 Cr year Feb2017 and the bank told that they will go up to 2 Cr subsequently within 6 months. The minimum turnover expected from the bank is 5 Cr within 12 months. We achieved this target in the first 4/5 months and were heading for a 15 Cr turnover for which additional working capital of 1 Cr was required.
We approached teh bank in Sept 2017 and asked them to enhance the limit to 2 Cr for which they asked to submit the documents which was done . The bank was delaying the file for no reason and now they say that after one year only we can enhance up to 15% of loan ie max 15 lakhs which is insuficient.
The top brass officials are interested to sanction the loan in our favour but this junior officer Mr Shivaji is not putting up the file with the excuse that it may not be considered.
We are are waiting for this bank sanction which is linked up with our creditors and clients…
