Fading hopes of securing relief on telecom companies' government dues has turned the attention to bank guarantees worth around ₹6,000 crore that Vodafone Idea Ltd, the weakest telco, has ...

Bhopal (Madhya Pradesh): CBI has begun to probe a case of a forged bank guarantee attached to the MP Jal Nigam tenders. Jal Nigam submitted forged bank guarantees to two joint venture companies ...

Arne Dedert/dpa Deutsche Bank chief executive Christian Sewing has called for state-backed guarantees for bank loans to arms companies, arguing that public funds should be efficiently combined ...

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 ...

A global financial consultant, Professor Dr. Frank Forbes-Menson has proposed the use of bank guarantees as a viable alternative for financing the country’s national budget. According to him ...

Regional rural bank (RRB) Karnataka Vikas Gramin Bank (KVGB) launched its e-Bank Guarantee (e-BG) services in collaboration with the government’s information utility provider National E ...

Karnataka Vikas Gramin Bank (KVGB), a regional rural bank (RRB), has officially launched its e-Bank Guarantee (e-BG) service in collaboration with the government’s information utility provider ...

regarding the issuance of bank guarantees, co-acceptance of bills, and Letters of Credit (LCs). These new rules aim to enhance financial stability and risk management for both banks and customers.

(PTI Photo/Shashank Parade)(PTI03_03_2025_000118A) (PTI) Earlier this week, state finance minister Ajit Pawar said in the state assembly that the government had given a bank guarantee to agencies ...

Telecom service provider Vodafone Idea Limited (VIL) has failed to meet the deadline for submitting a Rs 6,090 crore bank guarantee. According to the Department of Telecommunications (DoT ...

A bank guarantee is a financial backstop offered by a financial institution promising to cover a financial obligation if one party in a transaction fails to hold up their end of a contract.

Hailing the government's landmark decision to waive bank guarantees for telecom spectrum acquired before 2022, industry players on Tuesday said such supportive policy measures are instrumental in ...