RBI’s decision to discontinue issuing LoU was hasty: parl panel

(G.N.S) Dt. 07 New Delhi The Reserve Bank of India’s decision to discontinue the issuance of Letters of Undertaking (LoU) and Letters of Credit (LoC) for trade credit was a “knee-jerk reaction” to the Punjab National Bank fraud case and the facility should be restored at the earliest, the Parliamentary