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Latest RBI Circular on Bank Guarantees, Letters of Credit (LC), and Co-Acceptance Rules
The Reserve Bank of India (RBI) issued a Master Circular on April 1, 2025, introducing new guidelines for Primary (Urban) Co-operative Banks (UCBs) regarding the issuance of bank guarantees, ...
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Regulator warns city gas companies against delaying submisison of performance bond guarantees
New Delhi: The petroleum and natural gas regulator has warned that it will encash bank guarantees and terminate contracts of city gas distributors if they fail to submit annual performance bond ...
Andrzej Gliski, Member of the Management Board of Bank Millennium in Poland, explains how electronic guarantees are increasingly used in trade finance to simplify the circulation of documents, reduce ...
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