The watershed moment in Indian Steel Industry

The Last Phase of Bank Recapitalization

Source: www.financialexpress.com By S.Seemanthini Recapitalization is the infusion of fresh capital in the banks by the government. As the major owner of PSUs, on October 24, 2017, the government announced Rs2.11 lakh crore to be infused in the banks. This was done for two purposes, i.e. to help them recover from the NPAs that has been saddling […]

#Fincabulary 37 – Letter of Undertaking

Source: https://depositphotos.com/ The term LoU or Letter of Undertaking has recently been in news in wake of the banking fraud concerning Punjab National Bank and Nirav Modi. A LoU is a provision of bank guarantees under which a bank can allow its customer to raise money from another Indian bank’s foreign branch in the form of a […]