The rules of the game on 'corporate guarantees' will change with the Reserve Bank of India (RBI) insisting on a water-tight, time-bound mechanism for the issuance of guarantees and their invocation by lending banks.source https://economictimes.indiatimes.com/industry/banking/finance/banking/guarantees-locs-to-group-companies-will-now-have-taut-strings/articleshow/91112458.cms
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