BankKeeping

  Each month, countless businesses across India submit a critical financial document to their banks—the Drawing Power (DP) Statement. While it directly impacts working capital availability, interest costs, liquidity, and credit ratings, many businesses still treat it as a routine compliance task. At Bankkeeping, we believe DP management should be a strategic function, not just a monthly chore. In this article, we break down why accuracy in DP submission is essential and how our platform ensures it's done right—every single time. What is a Drawing Power (DP) Statement? A DP Statement is a monthly submission by businesses with working capital facilities like Cash Credit, Overdraft (OD), or WCDL. It includes updated data on: Stock (raw materials, WIP, finished goods) Book debts (receivables) Creditors and other current liabilities Prescribed margin requirements Based on this data, the bank calculates your eligible Drawing Power—i.e., how much y...

  Securing a business loan in India is often a crucial step for MSMEs and SMEs looking to scale operations, purchase inventory, or manage working capital . However, the road to loan approval is not always easy. From tedious paperwork and compliance hurdles to inadequate cash flow or credit history, small businesses face several obstacles that can slow down or derail their financial plans. Whether you're a first-time entrepreneur or a seasoned business owner, understanding these challenges – and how to tackle them – can make the process much smoother and increase your approval chances. To know more read here . Key Challenges in Availing Business Loans in India 1. Low or Insufficient Credit Score Your business credit score plays a pivotal role in determining your eligibility for a loan. Financial institutions assess this score to evaluate your repayment capacity and creditworthiness. A weak credit score can label your business as high-risk, reducing your chances of loan app...