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___ RESERVE BANK OF INDIA___ www.rbi.org.inRBI/201314/66 BOD. No. Dir. BC.12/13.03.00/201314July 1, 2013 10 Shadow 1935 (Aka)All Scheduled Commercial Banks (excluding Ribs) Dear Sir / Madam Master
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What is guarantees and co-acceptances?
Guarantees and co-acceptances are agreements where one party agrees to take on the responsibilities or obligations of another party if they are unable to fulfill them.
Who is required to file guarantees and co-acceptances?
Certain individuals or entities may be required to file guarantees and co-acceptances depending on the specific requirements of the agreement.
How to fill out guarantees and co-acceptances?
Guarantees and co-acceptances should be filled out completely and accurately, ensuring that all necessary information is provided.
What is the purpose of guarantees and co-acceptances?
The purpose of guarantees and co-acceptances is to provide additional security or assurance that certain obligations will be met.
What information must be reported on guarantees and co-acceptances?
The information reported on guarantees and co-acceptances may include the names of the parties involved, the obligations being guaranteed, and any conditions or terms of the agreement.
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