Search For "bank guarantees"
Bank credit to MSMEs remains robust amid policy push through guarantees, p
Updated : 1 month, 1 week ago IST
In November 2025, bank credit to this sector increased by 21.8% compared to a 13% increase in November 2024. Within the MSME sector, the credit extended to the micro and small enterprises has registered an increase of 24.6% (YoY) in November 2025, up from 10.2% in November 2024, data rele
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ED gets 2-day custody of Reliance Power CFO Ashok Kumar Pal in fake bank g
Updated : 5 months ago IST
A Delhi court has granted the Enforcement Directorate (ED) two-day custody of Ashok Kumar Pal, Chief Financial Officer (CFO) and Executive Director of Reliance Power, in connection with a case involving alleged fake bank guarantees and invoicing.
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Court grants six-day custody of Partha Sarathi Biswal accused of providing
Updated : 7 months, 1 week ago IST
The ED arrested Partha Sarathi Biswal, Managing Director of M/s Biswal Tradelink Pvt. Ltd. (BTPL), Bhubaneswar, on 01.08.2025 under PMLA in connection with providing fake bank guarantees and forged documents to Solar Energy Corporation of India Limited in lieu of commission received from Rel
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Bank frauds case: Accused sentenced to rigorous imprisonment of 1 year, 23
Updated : 1 year, 3 months ago IST
The accused Yogender Prasad was found guilty of conspiring to prepare bogus and forged bank guarantees in favour of government entities.
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ED seizes luxury cars, FDs in crores in raids against Orris group in Rs 50
Updated : 1 year, 3 months ago IST
The Enforcement Directorate (ED) has seized several documents recovered from secret lockers kept in the office premises of Orris Infrastructure Pvt Ltd, some luxury cars and various Fixed Deposits and Bank Guarantees amounting to Rs 31.22 crore in a real estate alleged fraud case of more tha
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Surety Bond: A Game-Changer for Indian EPC Companies and the Construction
Updated : 1 year, 3 months ago IST
New Delhi [India], November 29: In India's rapidly growing construction and infrastructure landscape, securing contractual obligations is paramount. Traditionally, bank guarantees have served as the backbone for ensuring performance, payment security, and contract fulfillment. However, wi
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'Any relief on bank guarantee will be provided across the sector': Scindia
Updated : 1 year, 4 months ago IST
Responding to a question from reporters Union Communications minister Jyotiraditya Scindia said on Tuesday that any relief on bank guarantee for spectrum allocation to any telecom player will be given across the board, however, no decision is made as of now.
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TRAI recommends rationalization of entry fees, bank guarantees
Updated : 2 years, 5 months ago IST
Entry fees are one-time payments that new entrants must make to access the market, while bank guarantees act as financial safeguards to ensure licensees meet their obligations as per the license agreement.
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Surety Seven's Technology Revolutionizes Surety Bonds in India: Pranjal An
Updated : 2 years, 6 months ago IST
New Delhi [India], August 28: In a landmark shift that promises to reshape India's financial landscape, Surety Seven has introduced a revolutionary approach to Surety Bonds. As a response to the Union Budget of 2022's policy change that accepted Surety Bonds as an alternative to traditional
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Rajasthan approves automated e-Stamping for bank guarantees
Updated : 3 years, 4 months ago IST
Automated e-Stamping with SWIFT India makes the stamp duty payment process 'paperless' for businesses and is a critical step in facilitating digitalisation of bank guarantees. It enables issuing banks to apply for stamp duty payment digitally and receive the e-Stamp certificate from Stock Ho
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ED raids residences of former NSIC, UBI officers in Rs 173 crore bank frau
Updated : 4 years, 3 months ago IST
New Delhi [India], December 9 (ANI): A search operation was carried out by the Enforcement Directorate (ED) at residences of officers of National Small Industries Corporation (NSIC) and erstwhile United Bank of India (UBI) (now merged with PNB), who were involved in the case of Sudhangshu Ku
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ED arrests alleged 'middleman' in NSIC fraud case
Updated : 4 years, 3 months ago IST
New Delhi [India], November 18 (ANI): The Enforcement Directorate (ED) has arrested an alleged 'middleman and main beneficiary' in a case related to loss of Rs 173.50 crores to National Small Industries Corporation (NSIC), caused due to wrongful invocation of bank guarantees/ invocation of f
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