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SBLC
Banks can offer loans for FCNR (B), rebook deposits, RBI clarifiesIndian banks can now lend against FCNR(B) deposits, with the RBI offering forex swaps only on the principal amount. This move aims to attra...23 Jun, 2026, 06.56 PM IST- RBI clarifies FCNR(B) loan, SBLC eligibility under swap schemeIndian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...23 Jun, 2026, 06.53 PM IST
- Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflowsBanks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...13 Jun, 2026, 06.14 AM IST
- Banks seek easing of guarantee curbs to draw more NRI fundsIndian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspo...01 Jun, 2026, 01.00 AM IST
- ED chargesheets UK national in probe against Videocon GroupThe Enforcement Directorate has filed charges against Sachin Dev Duggal, a British citizen, in a major bank loan fraud case involving the V...22 Apr, 2026, 05.41 PM IST
- Court issues notices to Videocon's Venugopal Dhoot under ED's Rs 61,700 cr bank loan fraud allegationEnforcement Directorate has taken cognisance of a chargesheet in a bank loan fraud case. A Delhi court has issued notices to Videocon Group...17 Feb, 2026, 12.51 AM IST
- Apple hit with EU antitrust complaint over App Store termsTwo civil rights groups — Article 19 and Germany’s Society for Civil Rights — filed a complaint with EU regulators accusing Apple of violat...23 Oct, 2025, 08.19 AM IST
- NCLAT stays insolvency proceedings against BilcareThe appellate tribunal will hear the matter further on December 7. Before the appellate tribunal's order, the Mumbai bench of the National ...22 Nov, 2022, 12.29 AM IST
- Ahmedabad NCLT directs PNB to approach the Mumbai bench in Essar Shipping caseThe state-owned lender had approached the Ahmedabad NCLT against Essar Shipping, for the default committed by Essar Oilfield (now known as ...12 Feb, 2020, 11.10 AM IST
- CBI books absconding diamantaire Jatin Mehta in a fresh caseBy the time the alleged fraud surfaced, Mehta had left the country and was believed to be in one of the The Caribbean islands, the sources ...09 May, 2019, 10.17 PM IST
- Winsome removed records before the whip was crackedStaff says absence of records — which vanished along with the hard disks — was the reason why they could never come up with any evidence ag...29 Jun, 2018, 10.43 AM IST
- Importers pay more for loans post ban on LoUsSome importers are also availing themselves of foreign currency denominated loans (FCNR Loans) against their foreign currency bank deposits.11 May, 2018, 09.48 AM IST
- BoI recovers Rs 3,000 crore bad loans in a monthBOI has recovered Rs 3,000 crore in the last month by invoking standby letter of credit.31 Jan, 2018, 08.18 AM IST
- Rane (Madras) buys US-based Precision Die Casting for $2 millionRane (Madras) Ltd has incorporated wholly-owned subsidiary Rane (Madras) International Holdings B V (WOS) in Netherlands and has infused US...19 Feb, 2016, 03.48 PM IST
- Formula One seeking to encash $15.45-million guarantee by Jaiprakash AssociatesThe division bench comprising Justices MS Sanklecha and GS Kulkarni will hear the matter further on November 27.27 Nov, 2015, 11.01 AM IST
- Standard Chartered takes over Winsome Diamonds' assetsStandard Chartered, that lent money to Winsome Diamonds against L/Cs provided by Indian banks, has taken possession of the erring firm’s im...24 Mar, 2015, 05.00 AM IST
- All India Gems and Jewellery Trade Federation seeks measures to rescue gems, jewellery tradeGJF today sought measures, which includes reducing import duty to five per cent and bringing back stand-by letter of credit, to "rescue" th...22 Nov, 2013, 09.47 PM IST
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