• Registered Users :
  • 163749
  • Current Active Users :
  • 103932

Post your Answer

(*) Fields are mandatory.

Answer Details

Question ID : 28529

Margin Money against Letters of Credit and Bank Guarantees

As per Notes and Instructions given by the Reserve Bank of India (RBI), pursuant to its Circular No.DBOD.No.BP.BC.78C.6861991-92 dated 6th February 1992, prescribing the form and contents of the Bank Balance Sheet cash margins for issuance of LCs and guarantees, should be shown as part of Other Liabilities and not as deposits but banks does not follow this and they continue to show these margins held in the form of Term Deposits in Deposits.. Please guide and provide the copy of circular as quoted above.

posted by CA. TOTLA RAJENDRA P on Mar 26 2018 12:00AM

Max 4000 Characters

Membership Detail