The Canara Bank Stock Statement Form NF 1003 is more than just a bureaucratic requirement; it is a monthly health check of your business's working capital. By maintaining accurate records and submitting them on time, you build trust with your banker and ensure that your business always has access to the funds it needs to grow.
Creditors (Payables)You must declare your unpaid bills to suppliers. Since these suppliers have a prior claim on the stock until paid, the bank deducts the value of unpaid stock (creditors) from the total stock value to arrive at the "Paid Stock" figure.
The bank uses your submitted figures to determine how much of your sanctioned limit you can actually withdraw.