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LETTERS OF UNDERTAKING
CBI finds no evidence of corruption in case involving Nirav Modi; transferred to magistrateA special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...- CBI seeks court permission to attach properties of Nirav Modi, brotherWhile Nirav Modi was arrested in London and extradition process is pending, the whereabouts of his brother Nishal and another accused, Subh...
- GST turns one: From challenges which rocked boardrooms, government initiatives to possible solutionsGST got a thumbs up from nearly all sectors of the economy, barring few exceptions, and helped India reach a pedestal on the world stage fo...
- Companies investment vehicles set up in Dubai free trade zone under taxman scrutinyI-T dept probes transactions to check if firms used these subsidiaries to siphon off money, escape tax
- PNB scam: ED gets Gokulnath Shetty's custody till April 11Shetty was earlier arrested by the CBI, probing the over Rs 13,500-crore fraud, in February. He was later remanded in judicial custody.
- Fraud-hit PNB revamps credit approval processPNB has decided to honour all LoUs and foreign letters of credit (FLCs) when they come up for maturity. The bank had issued around 1,590 Lo...
- Banks face triple whammy: Nirav Modi, NPAs & rising yieldsThe RBI on February 12 asked lenders to scrap all restructuring programmes and ensure that all defaulters were classified as NPAs.
- Banks face triple whammy: Nirav Modi, NPAs & rising yieldsThe RBI on February 12 asked lenders to scrap all restructuring programmes and ensure that all defaulters were classified as NPAs.
- Banks face triple whammy: Nirav Modi, NPAs & rising yieldsThe RBI on February 12 asked lenders to scrap all restructuring programmes and ensure that all defaulters were classified as NPAs.
- Banks face triple whammy: Nirav Modi, NPAs & rising yieldsThe RBI on February 12 asked lenders to scrap all restructuring programmes and ensure that all defaulters were classified as NPAs.
- LoU ban won't impact Bengal's jewellery industry: GJPEC officialThis is because the instrument was used by some jewellers primarily for imports, but there was hardly any import component for the state's ...
- Banks, businesses look for life after letter of undertakingLenders are trying to find a way out while some banks are planning to approach the RBI to lift the ban and reintroduce the instrument — or ...
- CBI can include section 409 of IPC in first Nirav Modi caseSpecial court gives permission; if convicted, the jeweller, his companies and PNB staffers can potentially be given life imprisonment.
- Ban On Letters Of Undertaking: Bulk gold, diamond importers to be hitThe RBI on Tuesday decided to “discontinue the practice of issuance of LoUs/ LoCs for Trade Credits for imports into India by AD Category–I...
- RBI discontinues Letter of Undertaking, Letter of Comfort as instruments of trade creditBanks can continue to issue guarantees and letter of credit for trade purposes as they have features that makes the claim on the issuer str...
- SBI tightens noose around borrowers in jewellery sectorThe decision was driven by the board which directed the management to plug the gaps in risk mitigation system, especially for borrowers in ...
- CBI files an FIR against Vikram Kothari: Live UpdatesAfter Rs 11,360 crore PNB scam , another ace businessman - Vikram Kothari from Kanpur -has been accused of defaulting on repayment of more ...
- Agencies to probe overseas branches of Indian banksInvestigating agencies probing whether the ‘lackadaisical attitude’ of a number of officials of such banks was borne out of ‘laxity’ or ‘co...
- The mysterious stay on Gokulnath Shetty transfer at Punjab National BankAccording to guidelines for state-owned banks, a manager is due for transfer every three years and managers holding specialist positions ca...
- A revamped GST without its glitches may take shape todayRoadblocks encountered so far will be on the agenda of the GST Council as part of efforts to address the grievances of small industries, tr...
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