Post by: Renu Suresh in SIDBI
SIDBI Inland Letter of Credit (INLC) Scheme To facilitate the flow of credit to Micro, Small, and Medium Enterprises for meeting credit needs, the Small Industrial Development Bank of India (SIDBI) has launched the SIDBI Inland Letter of Credit (INLC)…
Post by: Chris John in Banking
Credit Score Credit score comprises of a three digit numeric value which signifies the creditworthiness of a particular individual. The range of creditworthiness starts from 300 to 900 with 300 being the least and 900 being the highest. A Credit…
Post by: Bennisha in Import - Export
Letter of Credit (LC) A Letter of Credit (LC) is a document that guarantees the buyer’s payment to the sellers. Businesses widely use this assured form of payment in trade transactions. It is issued by a bank and ensures timely…
Post by: IndiaFilings in Business Startup Import - Export
Types of Letter of Credit A letter of credit is an assured form of payment which is widely used by businesses in trade transactions. In a Letter of Credit (LC) transaction, a bank undertakes to make payment to a seller…
