Sun, Feb 25, 2018
Noting the reports about banks clamping down certain impractical rules and procedures for trade finance, affecting both importers and exporters in the wake of the alleged Rs 11,400 crore fraud on Punjab National Bank, Assocham said the letters of credit (LOC) or letters of undertaking (LOU) allegedly misused by the diamond traders are legitimate instruments in global trade.
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Sat, Feb 24, 2018
The industry body said the country can ill-afford cut down on lending at a time when the credit growth was about to recover and the economy was set to grow at a higher pace
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