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Latest News on Letters Of Undertaking
Showing of 0 - 10 from 49 results
Letters Of Undertaking - Total results - 49
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Apr 05, 2018
PNB fraud: CBI questions four senior RBI officials in connection with scam involving Nirav Modi and Mehul Choksi
CBI on Thursday questioned four RBI officials in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving Nirav Modi and Mehul Choksi -
Mar 29, 2018
Finance ministry asks RBI to look into problems being faced by banking sector post LoU ban
The finance ministry has asked RBI to look into problems being faced by industry and banks by abrupt ban on LoUs, and provide some breathing space to them -
Mar 27, 2018
Modi government Vs RBI: The three mistakes of Urjit Ravindra Patel as governor in the context of the PNB fraud
It’s perhaps time for a relook at the very structure that governs the Reserve Bank of India and the way it functions. -
Mar 23, 2018
PNB fraud: ED analysing 120 shell companies, files two cases against Nirav Modi, Mehul Choksi under PMLA
ED has conducted 247 searches at various locations in country, total assets amounting to Rs 7,638 crore have been seized in the case. -
Mar 23, 2018
Nirav Modi fraud: PNB to tighten loan disbursement, set up monitoring mechanism to check scams
Hit hard by the Rs 13,000 crore scam, PNB has decided to tighten loan disbursement and set up a monitoring mechanism to check loan slippages and fraud -
Mar 23, 2018
PNB issued over 41,000 LoUs since 2011, over 1,500 to Nirav Modi, Mehul Choksi and their firms: Finance ministry
Scam-hit PNB had issued as many as 41,178 LoUs since 2011, of which 1,590 were given to Nirav Modi, Mehul Choksi and their associates -
Mar 19, 2018
Lenders could approach the Reserve Bank with a request to lift the ban on LoUs
Calling the RBI ban a ‘knee jerk’ reaction, businesses said they are perplexed by the central bank’s sudden decision. -
Mar 16, 2018
Vice-president Venkaiah Naidu says Punjab National Bank scam brought bad name to system, calls it an eye opener
Vice-president M Venkaiah Naidu, on Friday, said the developments at the Punjab National Bank (PNB) has brought a bad name to the system and is an eye opener as he pitched for greater transparency and ethical corporate governance. -
Mar 15, 2018
Reserve Bank's decision to ban LoUs is a knee-jerk reaction; can backfire badly, warn traders
Those running small and midsize firms rue that the RBI is asking banks to view businessmen, seeking letters of undertaking (LoU), with a doubting eye. -
Mar 15, 2018
Importers face funding crunch with clampdown on credit guarantees, move could dent Rupee, say experts
The RBI move bans banks from issuing letters of undertaking, or LoUs, a form of credit guarantee often used between Indian banks and their offshore branches
