• Registered Users :
  • 163756
  • Current Active Users :
  • 103936

Post your Answer

(*) Fields are mandatory.

Answer Details

Question ID : 31629

LC Bills

LCBD A bank Branch discounts LC bills from customers persons not having regular accounts with the Branch ( who are having facilities with other Banks). The commission earned ( collected affront) forms part of major part of revenue for the Branch. * What are the precautions to be observed? * What are the general guidelines? * What difference in treatment if it is LCBD foreign bills.? * Are there any RBI directions to support.? * How does the banking practice permit to allow facility soon after KYC is taken to non customers ( continue to have no operative account except LCBD). Need your advice.

posted by S.Balasubramanian. on May 12 2018 12:00AM

Max 4000 Characters

Membership Detail