Search For "letter of credit"
Chanda Kochhar, 10 others accused of 'cheating' private company, case regi
Updated : 2 years, 5 months ago IST
A case has been registered against former ICICI Bank Managing Director and CEO Chanda Kochhar in the national capital, accusing Kochhar and ten others of cheating a private company, leading to a staggering loss of Rs 27 crores.
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Union Minister Sonowal launches 'SAGAR-SETU' mobile app of National Logist
Updated : 3 years, 2 months ago IST
The app has been envisaged with deliverables covering features like a Login Module, Service Catalogue, Common Application Format, Letter of Credit, Bank Guarantee, Certification, Track and Trace etc.
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Pakistan's recent countrywide electricity blackout linked to forex woes
Updated : 3 years, 4 months ago IST
A prolonged shortage of dollars is wreaking havoc throughout the economy and a nationwide power outage this week underscored the razor-thin margins for error in Pakistan's energy sector.
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Pakistan: Food supply at risk as banks reluctant to open letters of credit
Updated : 3 years, 4 months ago IST
The inability of banks to open LC's despite the State Bank of Pakistan's (SBP) directives about import facilitation, poses a threat to the supply of food, as well as, could escalate price pressures and create a shortage of medications.
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Pak currency exchange firms offer help as banks back off amid economic cri
Updated : 3 years, 4 months ago IST
Amid depleting foreign reserves, currency exchange firms of Pakistan on Saturday offered to pay for resuming the letter of credit facility (LC) for supporting imports as banks step back due to Pakistan's ongoing economic crisis, according to a Geo News report.
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HDFC Bank, ICICI Bank, Axis Bank allowed to provide financial services for
Updated : 3 years, 11 months ago IST
New Delhi [India], July 7 (ANI): The government of India has allowed three private sector lenders - HDFC Bank, ICICI Bank and Axis Bank - to provide financial services for overseas procurement by the Ministry of Defence.
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Will take strongest action against wheat exporters generating backdated Le
Updated : 4 years ago IST
New Delhi [India], June 3 (ANI): Commerce and Industry Minister Piyush Goyal on Friday warned those wheat exporters who are generating backdated Letter of Credit (LC) or backdated applications saying that the government is investigating the matter and strongest action will be taken against t
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India will continue wheat export to needy, friendly countries: Piyush Goya
Updated : 4 years ago IST
Davos [Switzerland], May 25 (ANI): Amid surging prices of food items due to the ongoing Russia-Ukraine conflict, Union Commerce and Industry Minister Piyush Goyal on Wednesday said India will continue to allow wheat export to countries that are in serious need, are friendly and have the l
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Discoms obliged to provide unconditional LCs for power purchases: Power Mi
Updated : 6 years, 9 months ago IST
New Delhi [India], Aug 9 (ANI): Raj Kumar Singh, Minister of State (MoS) Independent Charge for Ministry of Power, has asked all distribution companies (discoms) to provide unconditional Letter of Credit for power purchases.
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ED conduct searches at various places in Maharashtra against VAPL, VACL in
Updated : 6 years, 11 months ago IST
Nagpur (Maharashtra) [India], June 20 (ANI): Enforcement Directorate (ED) conducted searches at various places at Pune, Ratnagiri, Sangli and Nagpur in Letter of Credit (LCs) fraud case of Bank of India involving Varron Aluminum Pvt. Ltd and Varron Auto Comp Pvt. Ltd. The searches were condu
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India offers Madagascar USD 80 million LoC for agriculture, mechanization
Updated : 8 years, 2 months ago IST
Antananarivo [Madagascar], Mar 14 (ANI): President Ram Nath Kovind on Wednesday said India has decided to offer Madagascar a USD 80 million Letter of Credit (LoC) for agriculture and mechanisation.
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