Financial services groups will have to make a higher contribution to compensation scheme for customers of failed companies ...
According to a DOJ Press Release (March 18, 2024), a formerly-common type of investment scam known as the bank guarantee scam has resurfaced. Fortunately, those involved with the scheme were indicted, ...
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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, ...
Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming that the product is the first in the country. The bank guarantee exceeds 100 million Chinese ...
Subject to certain requirements, a QIAIF may now guarantee the obligations of third-party entities in respect of investments and/or intermediate vehicles in which the QIAIF has a direct or indirect ...
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Reliance bank guarantee scam: ED arrests Amar Nath Dutta in Rs 100 cr case
The ED arrested Amar Nath Dutta, the third accused in the bogus bank guarantee case involving Reliance NU BESS Ltd. The fraud ...
CANBERRA, Feb 7 (Reuters) - Australia will end its bank deposit and bank funding guarantees from the end of March, because they were no longer needed with the world recovering from the global downturn ...
NEW DELHI: The ED late on Friday arrested Reliance Power’s chief financial officer Ashok Pal after questioning him at its headquarters here in a case of fake bank guarantee. He was produced before a ...
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