Search For "letters of undertaking"
Updated : 12 months ago IST
London [UK], May 14 (ANI): The extradition trial of the fugitive diamond dealer Nirav Modi continued at a London court on Thursday with evidence from a jewellery expert about the "phenomenal" growth of the Nirav Modi brand, which was described as unparalleled in India.
Updated : 3 years, 1 month ago IST
New Delhi [India], Mar. 16 (ANI): Responding to the Reserve Bank of India's (RBI) notice discontinuing the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports, the Federation of Indian Chambers of Commerce and Industry (FICCI) said although th
New Delhi [India], Mar 15 (ANI): The State Bank of India (SBI) officials on Thursday reiterated the fact that except for the one-off incident involving Punjab National Bank (PNB), no unauthorised Letters of Undertakings (LoUs) have been issued by public sector banks (PSBs).
Updated : 3 years, 2 months ago IST
New Delhi [India], Mar 15 (ANI-NewsVoir): Anil Khaitan, President, PHD Chamber of Commerce and Industry expressed his disappointment over RBI's announcement on discontinuation of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for trade credits for imports into India as it will i
New Delhi [India], Mar 13 (ANI): The Reserve Bank of India (RBI) on Tuesday announced discontinuation of the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports with immediate effect.
New Delhi [India] Feb 23 (ANI): Finance Ministry has written to Hong Kong branches of four Indian banks that received letters of undertaking (LoUs) from Punjab National Bank (PNB), said sources on Friday.
New Delhi [India], Feb 18 (ANI): Punjab National Bank officials (PNB) arrested in connection with the fraudulent transaction scam were sanctioned fixed commission for granting Letters of Undertaking (LoU), the Central Bureau of Investigation (CBI) revealed on Sunday.
New Delhi [India], Feb 15 (ANI): In wake of the fraud being detected by Punjab National Bank (PNB), Axis Bank on Thursday wrote to National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), notifying the Buyer's Credit transactions it has undertaken with PNB.
New Delhi [India], Feb 15 (ANI): It has emerged that the fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of Punjab National Bank (PNB) were in favour of Hong Kong branches of Allahabad Bank and Axis Bank, that helped facilitate Rs 280.7 crore fraud by jewellery desig