Latest News on Bank Guarantees
Showing of 0 - 10 from 7 results
Bank Guarantees - Total results - 7
Mar 06, 2019
Modi govt's Rafale deal €246.11 mn costlier than UPA's due to lack of bank guarantees from France, reports The HinduThe Hindu report said that the lack of bank guarantees from France made the cost of the Rafale deal negotiated by the NDA government more expensive by €246.11 million (around Rs 1,962 crore).
Aug 20, 2018
DoT directs telecom operators not to accept bank guarantees issued by Standard Chartered BankStandard Chartered is the second bank whose BG have been barred by DoT. The department has earlier barred BGs issued by Axis Bank for Aircel.
Aug 07, 2018
Parliamentary panel is right in calling out RBI’s wrong; it was idiotic to kill LoUs for one Nirav ModiA blanket ban was wrong in the first place; it almost appeared like the RBI was in a hurry to cover up its failure to regulate the LoU effectively
Jul 27, 2018
SBI to DoT: Cancellation of RCom's spectrum to 'jeopardise' lenders' ability to recover duesRCom is under debt resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC) and has not been paying any dues till the completion of the process.
Mar 13, 2018
Nirav Modi scam effect: RBI stops use of Letters of Undertaking for trade credit for importsThe RBI said the decision to discontinue the practice of LoUs and Letters of Comfort (LoCs) for trade finance comes into force with immediate effect
Feb 20, 2018
PNB Rs 11,000 cr fraud: Banks should follow either gold loan principle or asset-based financing to avoid scamsGold loan’s popularity in the country has something to do with craze for the metal and ease of getting the loan sanctioned in just two hours.
Jun 28, 2012
Give Loop a week to clear dues, telecom tribunal tells BSNLEarlier this month, TDSAT had stayed BSNL from encashing the bank guarantee given by Loop in Madhya Pradesh and J&K circles until further orders.