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Feb 20, 2024
"Bill" finance for settlement of dues 20-02-2024

IECD No.7/08.12.01/99-2000 November 2,1999 The Chairmen/Chief Executives of all Commercial banks Dear Sirs, "Bill" finance for settlement of dues A reference is invited to the mandatory bills discipline for credit purchases introduced vide our circulars IECD No.16 and 3/08.12.01/97-98 dated November 4, 1997 and July 8, 1998, respectively, with a view to encouraging bills culture. A mandatory minimum 25 per cent for acceptance of bills was prescribed. 2. A number of ba

IECD No.7/08.12.01/99-2000 November 2,1999 The Chairmen/Chief Executives of all Commercial banks Dear Sirs, "Bill" finance for settlement of dues A reference is invited to the mandatory bills discipline for credit purchases introduced vide our circulars IECD No.16 and 3/08.12.01/97-98 dated November 4, 1997 and July 8, 1998, respectively, with a view to encouraging bills culture. A mandatory minimum 25 per cent for acceptance of bills was prescribed. 2. A number of ba

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Page Last Updated on: November 23, 2022