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Government authorises CEO of PSBs to request for LoCs against wilful defaulters

Updated : November 22, 2018 08:28 PM IST

The Ministry of Home Affairs (MHA) recently made changes in the circular by including CEOs of PSBs in the list of officials who can make request for issuance of LOCs to the ministry.
The inclusion by MHA was done following the recommendation of an inter-ministerial panel under Financial Services Secretary Rajiv Kumar that made a case for empowering the heads of PSBs to request for the opening of LOCs.
Government authorises CEO of PSBs to request for LoCs against wilful defaulters

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