A bank guarantee is a promise from a bank or other lending institution that if a particular borrower defaults on a loan, the bank will cover the loss. Note that a bank guarantee is not the same as a letter of credit.
12A, Lords Sinha Road, Shyam Kunj,
“Annapurna Building” 4th Floor, Suit 401A,
Oppo. Emami Market, Kolkata - 700071, West Bengal. Phone: +089224 876678