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

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

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Lucky Jain
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(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

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