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Punjab National Bank to honour LoUs worth Rs 6,500 crore issued to 7 banks in favour of Nirav Modi
Business | Mar 28, 2018, 11:23 PM ISTPutting an end to confusion over the payment obligation towards other lenders, PNB also assured that it will honour all subsequent maturing LoUs and FLCs as and when they are due.
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After PNB fraud, RBI stops use of LoUs for trade credit for imports
Business | Mar 13, 2018, 11:52 PM ISTThe RBI said the decision to discontinue the practice of LoUs and Letters of Comfort (LoCs) for trade finance comes into force with immediate effect.
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Is Annabelle doll really haunted? Yes, say the superstitious, No, say rationalists
World | Feb 15, 2014, 06:56 AM ISTNew Delhi: In Connecticut, 1970, a mother purchased an antique raggedy doll named Annabelle from a hobby store. Little did she know that the doll would be a curse for their family.Donna was a nursing
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