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Parliamentary Panel Calls for Restoration of Financial Credit Instruments with Proper Safeguards

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After Rs 14,000 crore fraud by diamantaire Nirav Modi, the RBI last year had decided to discontinue the practice of issuance of LoUs/ LoCs for trade credits for imports into India.

from Top Business News- News18.com
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Parliamentary Panel Calls for Restoration of Financial Credit Instruments with Proper Safeguards Parliamentary Panel Calls for Restoration of Financial Credit Instruments with Proper Safeguards Reviewed by Team Exprssnews on December 11, 2019 Rating: 5

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