Parliamentary Panel Suggests Restoring LoUs Banned After PNB Fraud
Signage for Punjab National Bank is displayed outside a branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Parliamentary Panel Suggests Restoring LoUs Banned After PNB Fraud

A parliamentary panel suggested that the letters of undertaking/comfort should be restored, and the Reserve Bank of India’s move to ban such guarantees after the fraud at Punjab National Bank was a...
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