Latest Performance Bank Guarantee News & Updates

New Delhi, July 2 (IANS) The Ministry of Coal has introduced a key reform to provide greater financial flexibility to companies allocated coal blocks by allowing them to choose between a performance bank guarantee and an insurance surety bond for fulfilling their performance security obligations, thus further strengthening the ease of doing business in the coal sector, according to an official statement issued on Thursday.Through the Coal Blocks Allocation (Amendment) Rules, 2026, the Ministry h…