Bank Guarantees

SBI to DoT: Cancellation of RCom's spectrum to 'jeopardise' lenders' ability to recover dues

RCom 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.

Nirav Modi scam effect: RBI stops use of Letters of Undertaking for trade credit for imports

The RBI said the decision to discontinue the practice of LoUs and Letters of Comfort (LoCs) for trade finance comes into force with immediate effect

PNB Rs 11,000 cr fraud: Banks should follow either gold loan principle or asset-based financing to avoid scams

Gold 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.

Give Loop a week to clear dues, telecom tribunal tells BSNL

Earlier this month, TDSAT had stayed BSNL from encashing the bank guarantee given by Loop in Madhya Pradesh and J&K circles until further orders.