An LoC is a document that gives a degree of assurance that an obligation – like servicing of interest and repayment of a loan – will be ultimately met. But, unlike an irrevocable guarantee, an LoC is not a firm promise.
Know Your Fund Manager | Gurvinder Singh Wasan, CFA, Senior Fund Manager, Baroda BNP Paribas Mutual Fund
With over two decades in fixed income, this Mumbai-born CA and CFA charterholder now leads multiple debt and hybrid funds at Baroda BNP Paribas Mutual