Some facts related to bank guarantees

FCS Deepak Pratap Singh , Last updated: 21 February 2022  
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Dear Friends, As you are aware that Bank Guarantee is a promise made by a Bank/Financial Institution to any third person to undertake payment risk on behalf of its customers. A BG is a irrevocable undertaking by a bank to pay certain sum of money to the beneficiary in the event of non-compliance

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Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
Category Corporate Law   Report

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