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Bank guarantee News

Telecom Department

19 Mar 2018

No new bank guarantee from Axis Bank to be accepted, says Telecom department

Telecom firms have to routinely furnish bank guarantees to meet their contractual commitments.

07 May 2015

Panel asks Coal Controller to rework bank guarantee maths

The panel was looking into the issue of bank guarantees of the previous allottees pertaining to 127 coal blocks.

inter-ministerial group

26 Dec 2014

IMG to meet next week to examine issue of BG of coal blocks

The IMG has members from various ministries, including steel and power.

Indian subsidiary

31 Oct 2014

Indian subsidiary gets bank loan to export towers to Canada

An Indian subsidiary in the US has received USD 21 million bank guarantee loan for manufacturing high-voltage towers at a Texas plant to be exported to Canada.

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