1.0Kamal Sandeshhttps://kamalsandesh.orgkamalsandeshhttps://kamalsandesh.org/author/kamalsandesh/rich600338<blockquote class="wp-embedded-content" data-secret="LaI1Fn6UH7"><a href="https://kamalsandesh.org/mod-approves-three-private-sector-banks-provide-financial-services-overseas-procurement/">MoD approves three Private Sector Banks to provide financial services in overseas procurement</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://kamalsandesh.org/mod-approves-three-private-sector-banks-provide-financial-services-overseas-procurement/embed/#?secret=LaI1Fn6UH7" width="600" height="338" title="“MoD approves three Private Sector Banks to provide financial services in overseas procurement” — Kamal Sandesh" data-secret="LaI1Fn6UH7" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> https://storage.googleapis.com/kamalsandesh/wp-content/uploads/2022/07/PrvBank.jpg800450In line with further opening of allocation of Government business to Private Sector Banks by the Department of Financial Services, MoD has assigned three Private Sector Banks viz HDFC Bank Ltd., ICICI Bank and Axis Bank to provide the Letter of Credit and Direct Bank Transfer business for overseas procurement by the Ministry. MoUs in