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What is the QIS Report? what is the use of QIS Report in brief?
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Answer Posted / hanumanthu.a
QIS(Quarterly Information System) Report needs to be
submitted by a company, firm or any business entity to the
bank from which it has borrowed money (Term Loan, Working
Capital - Cash Credit, etc.)
This report has to be submitted to the bank in the format
prescribed/provided by them to keep them informed about the
performance & position of the business entity. The due date
or periodicity will be communicated by teh concerned bank to
the borrower.
| Is This Answer Correct ? | 81 Yes | 11 No |
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