Question
Which of the following statements are not true regarding the issuance of a Bank Guarantee (B
- G ? A. All bank guarantees have an expiry period and expiry date. B. Banks are required to maintain capital against non-fund-based facilities like Bank Guarantees. C. Banks should comply with Ghosh Committee recommendations while issuing bank guarantees. D. Banks are not allowed to issue bank guarantees in favor of other banks and financial institutions.
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