PNB to Honor all Bonafide Commitments

PNB to Honor all Bonafide Commitments

The Punjab National Bank announced that it would honor all the commitments listed in the Letter of Undertakings (LoUs). It stated, “We will honor all our bonafide commitments under LoUs and foreign letter of credit (FLCs) as per the law of the land and directors of the Reserve Bank of India (RBI).”

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