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Special audit for PSBs with focus on trade finance initiated by RBI on PNB fraud case

By
Dhrumit Thakkar
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515
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(G.N.S) Dt. 11 New Delhi RBI has initiated special audit of state-owned lenders with focus on trade financing activities, especially relating to issuance of letters of undertakings (LoUs) by them, banking sources said. In addition, the RBI has asked all banks for details of the LoUs they had written, including

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