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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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Regulator warns city gas companies against delaying submisison of performance bond guarantees

New Delhi: The petroleum and natural gas regulator has warned that it will encash bank guarantees and terminate contracts of city gas distributors if they fail to submit annual performance bond ...