hi guys,
i wanted t oknwo about bank guarantess. In case of auto renewal BG for how many months a bank can extend it?
1 Replies
K Gopal Soni
(Manager)
(23 Points)
Replied 07 November 2017
auto renewal clause is only permitted to rbi authorised entity/ institution, otherwise every year should be renewed for further one year on the request of borrower
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