How do we do analysis of bank statements while doing lending decisions? Today's video shall cover importance and detailed understanding of EMI tracing, Electricity bill tracing and Cheque bouncing in bank statement. I have decided to make a series of detailed videos on them with my personal experiences being incorporated in them. There are many types of bank statements that come across for analysis with us like:
Cash credit account statement
Overdraft account statement
Dropline ovedraft account statement
Packing credit statement
Current account statement
Saving account statements etc.
Each and every statement has some different and unique features which we shall be discussing separately in coming videos of this series. Apart from the unique features, there are some common points which we check in detail while analyzing the bank statements like:
1. EMI repayments consisting of whether timely repayment is done or not of EMI's, How to do trace EMI payments in banking, What is difference between repayment schedule and statement of account of loan, What to do if EMI is not traced in the bank statement and many other points.
2. Electricity bill payments tracking in bank statement which is most important for manufacturing concerns. What are other options available if electricity bills payment are not traced in banking? What could be complications if lower payments are traced? What is important of electricity bills?
3. Cheque bouncings covering both outward and inward cheque bounce with clear distinction between them with appropriate examples. What are implications of high cheque bouncings in the bank statement and many more interesting points.
The above three points are covered in detail in today's video. Many more points like credit summations/churning, personal entries, sister concern transactions, Unsecured loan transactions are coming soon in next videos.
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Негізгі бет Lecture 75: How to do Bank statement analysis for bank's lending purpose (Part-1)
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