Legal Question in Banking Law in India
We need a bank guarantee, which needs to be issued to a foreign firm or indian person but needs to be confirmation from a foreign country say u.k. is it possible for our bank to issue a bank guarantee in foreign currency?
Asked on 9/12/09, 12:45 am
3 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
the bank can issue a bank guarantee only in case the bank has a tie up or has a branch in the country where the guarantee is to be used.
Answered on 9/12/09, 12:52 pm
J. Radhakrishnan
independent Practice
Approach State Bank of India for necessary assistance. They can issue. Nearest Branch dealing in commercial loans
Answered on 9/14/09, 11:35 pm
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