Browsing Tag

letter of comfort

locs: PSUs asked to issue LoCs based on their financial strength

Jason Junior Mar 20, 2023 0

The Finance Ministry has asked central public sector undertakings (CPSUs) to issue letters of comfort (LoCs) on the basis of their own financial strength so that no liability devolves…
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Business

Comfort letters worth over Rs 30,000 crore given by PSUs under a haze

Jason Junior Oct 4, 2022 0

An air of uncertainty hangs over the letters of comfort (LoC) of over ₹30,000 crore given by various government-owned companies to lower their borrowing costs. An LoC is a document that…
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