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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, ...
Andrzej Gliski, Member of the Management Board of Bank Millennium in Poland, explains how electronic guarantees are increasingly used in trade finance to simplify the circulation of documents, reduce ...
The Karnataka High Court has asked the Union government to consider putting in place a system for digitally verifiable bank guarantees, after a case before it exposed how forged guarantees can pass ...
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