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Latest RBI Circular on Bank Guarantees, Letters of Credit (LC), and Co-Acceptance Rules

The Reserve Bank of India (RBI) issued a Master Circular on April 1, 2025, introducing new guidelines for Primary (Urban) Co-operative Banks (UCBs) regarding the issuance of bank guarantees, ...
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Banking: What is the difference between a bank guarantee and a letter of credit? know here...

The most important thing in big transactions and business nowadays is to reduce the risk. When two people or companies are involved in a big deal, they may sometimes doubt each other's financial ...