Tag Archives: RBI


RBI caps tenor of trade finance instruments to 1 year

The Reserve Bank of India has capped most non-fund based trade finance through various instruments to one year in what is seen as a possible fallout of the Punjab National BankBSE -1.79 % scam. RBI tightened the guidelines for hedging commodity price risks and freight


How PNB fraud went undetected: Central government asks RBI

The central government has written to the Reserve Bank of India (RBI) flagging doubts over supervisory lapses in the scam. “How did the fraud go undetected despite RBI’s checks-and-balances in place? The current system in place needs to be checked for efficiency,” said the letter.