In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often opted for issuing blanket guarantees on bank liabilities to stop or avoid ...

This operated through letters of credit, which during the capital controls period had to be backed by firms’ own cash collateral rather than the bank guarantee. As a result, cash-poor firms imported ...

It has been developed to simplify the process and eliminate the possibility of fraud and manipulation. A bank can provide bank guarantees to its business customers and their counterparties faster ...

LAHORE: An appellate forum has held that a bank guarantee can be enforced if the principal debtor defaults. According to details, a financial company, being a provider of financial facilities ...

Vodafone Idea owes over Rs 24,700 crore in bank guarantees (BG). Airtel and Vodafone Idea together hold BG obligations in excess of Rs 30,000 crore Jet Airways case: NCLAT to hear consortium’s ...

Now, the World Bank Group and the FIRST Initiative have launched a new tool to help governments implement public credit guarantee schemes ... and transparent claim management process.