RBI should reintroduce LoUs with safeguards: India Inc
![RBI should reintroduce LoUs with safeguards: India Inc RBI should reintroduce LoUs with safeguards: India Inc](https://www.indoamerican-news.com/wp-content/themes/city-desk/timthumb.php?src=https%3A%2F%2Fwww.indoamerican-news.com%2Fwp-content%2Fuploads%2F2018%2F04%2FRBI.jpg&q=90&w=160&h=106&zc=1)
MUMBAI: India Inc wants letter of undertaking (LoU), which was banned by the Reserve Bank of India (RBI) in the wake of the Rs 13,000-crore Punjab National Bank (PNB) fraud, back. The LoU ban has affected the industry, leading to a rise in the cost of credit, said Piruz Khambatta, President of Confederation of Indian Industry […]