Sunday, Sep 25, 2022 | Last Update : 09:45 AM IST

letters of undertaking

UK High Court notes broad consistency in India's evidence against Nirav Modi

Taken overall, there is a broad consistency of evidence, Judge Ingrid Simler noted.

12 Jun 2019 7:18 PM

Nirav Modi diverted Rs 4,299 cr to himself, family and firms: ED in court

The agency would soon file a second charge sheet against Modi's uncle and jeweller Mehul Choksi and his businesses.

25 May 2018 1:21 PM

LoU ban to impact financial flexibility of importers

The central bank stopped banks from issuing the two instruments for trade credits for imports into India.

04 Apr 2018 7:32 PM

PNB issued over 41,000 LoUs since 2011: Finance Ministry

Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance.

23 Mar 2018 10:49 AM

Except for PNB, no unauthorised LoUs issued by PSBs: SBI official

RBI has stopped banks from issuing LoUs and Letters of Comfort for trade finance for imports into the country.

15 Mar 2018 3:54 PM


After PNB fraud, RBI bans use of Letter of Undertakings for overseas credit

RBI said the decision to discontinue practice of LoUs and LoCs for trade finance comes into force with immediate effect.

13 Mar 2018 7:17 PM

PNB fraud case: Nirav Modi's aide Vipul Ambani knew about fake LoUs, says CBI

CBI said applications for such letters were made from Vipul Ambani’s South-Central Mumbai office.

22 Feb 2018 9:14 AM