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Latest RBI Circular on Bank Guarantees, Letters of Credit (LC), and Co-Acceptance Rules
The Reserve Bank of India (RBI) issued a Master Circular on April 1, 2025, introducing new guidelines for Primary (Urban) ...
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Banks shall be held liable where they fail to honour letters of credit under an international contract
Owigs and Obigs Nigeria Limited (the Appellant) entered into a banking relationship with Zenith Bank Plc (the Respondent), under which ...