LoUs are used by a bank’s customer to avail short-term credit in a foreign country. These transactions are not retail in nature and are mostly used by businesses for import of goods. The borrower uses ...
Letters of Credit and Bank Guarantees for Trade Credits for imports into India may continue to be issued subject to compliance with RBI provisions Advisory Alert: It has come to our attention that ...
* TO DISCONTINUE ISSUANCE OF LOUS/ LOCS FOR TRADE CREDITS FOR IMPORTS INTO INDIA BY AD CATEGORY –I BANKS WITH IMMEDIATE EFFECT Source text - bit.ly/2p8Xnyk ...
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