Tag: scam

RBI warns public of enticing and threating tactics used by fraudsters using name of RBI According to RBI, it has come to know that unscrupulous elements are using various methods to defraud members of the public by using the name of RBI in some capacity. A brief on …

RBI cautions public on job scam through electronic communication by fake email and false letterheads. Advises to refer only its official website for any Recruitment related information RBI, in its Press Release dated 12th June, 2018 has warned general public about the job scam.  As per the release, …

RBI Discontinues Letters of Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits with immediate effect.  In 2004, LoUs/LoCs were permitted by RBI allowing Authorised Dealers to Issue Guarantees upto USD 20 Million for Imports. Further, Master Direction No.5 of 2016 on ‘ External Commercial Borrowings, …