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Asia Times

Covering geo-political news and current affairs across Asia

Tag: Import finance

Posted inIndia, South Asia, World

PNB fallout: Indian importers hit as banks tighten rules

by Asia Times staff February 22, 2018February 18, 2020

Importers in India are feeling the heat as banks have tightened financing regulations after the sector was rocked by a major scandal at Punjab National Bank. Lenders such as Axis Bank, Canara Bank, IDBI Bank have either cut back on issuing Letters of Understanding (LoUs) or stopped issuing them for certain loan categories a week […]

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