Home Business RBI writes banks asking for details of LoUs they written

RBI writes banks asking for details of LoUs they written

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Lucky Jain
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(G.N.S) Dt. 10 New Delhi The Reserve Bank of India (RBI) has asked commercial lenders to provide it with details of all Letters of Undertaking issued by them in the past several years, according to four bankers who have seen the directive. The regulator is ratcheting up pressure on lenders,

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