On moving from LoU to bank guarantee or Letter of Credit funding, bank charges will be higher. Hence, there will be difference of 0.5-1% in
Day: March 17, 2018
Ban on LoUs will squeeze trade edit–Economic Times–17.03.2018
The Reserve Bank of India’s (RBI) fiat to discontinue letters of undertaking (LoUs) and letters of comfort for importers to prevent their misuse is a
RBI has enough powers to supervise banking sector, says former chief C Rangarajan – The Financial Express–17.03.2018
Disagreeing with RBI Governor Urjit Patel, former central bank chief C Rangarajan today said the Reserve Bank has ‘enough powers’ to supervise the banking sector,
Urjit Patel rises to occasion: RBI governor is no ‘yes man’ to Narendra Modi – The Financial Express–17.03.2018
Urjit Patel picked a good time to find his voice. The usually reticent central bank governor robustly defended his institution after India’s finance minister blamed
India’s Oct-Dec current account deficit widens on higher imports; expert says more bad news ahead – The Financial Express–17-03-2018
India’s October-December current account deficit widened sharply from a year earlier, driven by higher imports, data from the Reserve Bank of India showed on Friday.
GST collection to cross Rs 90k cr a month from April: CBEC – The Financial Express–17.03.2018
The collection of Goods and Services Tax (GST) will see buoyancy from April onwards and will cross Rs 90,000 crore per month, a top official
Why RBI is right on bank reforms – The Financial Express–17-03-2018
Where Patel and his predecessor Raghuram Rajan have to be congratulated though, is that while banks were merrily ever-greening dubious loans, RBI inspections never uncovered
Urjit Patel is right: But Reserve Bank of India should introspect as well | Business Standard Editorials–17-03-2018—–*****
The recent scandal about fraudulent letters of undertaking (LoUs) has once again brought into the public eye the question of governance and regulation of public
RBI’s hasty move – Business Line–17-03-2018—–*****
The Reserve Bank’s move to ban the issue of letters of undertaking (LoU) — the instrument used by jewellers Mehul Choksi and Nirav Modi to
SC wants PNB probe report in sealed cover, Centre objects | The Indian Express–17.03.2018
The Supreme Court’s suggestion to file the probe report of the PNB scam in a sealed cover before it invited strong protests from the Centre
Insomnia, a symptom and a disease risk | columns | Hindustan Times–17.03.2018
There’s a genetic link between insomnia and psychiatric disorders and metabolic diseases such as type 2 diabetes, according to a new study. Expanding on previous
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