Buyer's Credit & Letter of Undertaking (LOU) - Hindi
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- Опубліковано 2 жов 2024
- Concepts of Buyer's Credit and Letter of Undertaking and how they were used in PNB Fraud - Nirav Modi Scam case, is explained in Hindi.
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Buyer's Credit and Letter of Undertaking or Letter of Understanding or Letter of Comfort are concepts of International Trade Finance which are used in Import Export Business.
In PNB Bank Fraud, companies of Nirav Modi and Mehul Choksi (Gitanjali Group) fraudulently got LoU from PNB without any collateral.
Buyer's Credit और Letter of Undertaking के कांसेप्ट का इस्तेमाल करके पीएनबी धोखाधड़ी - नीरव मोदी घोटाला कैसे किया गया, इस वीडियो में हिंदी में समझाया गया है।
Buyer's Credit और Letter of Undertaking या Letter of Understanding या Letter of Comfort आदि इंटरनेशनल ट्रेड फाइनेन्स की अवधारणाएं हैं जिनका उपयोग आयात निर्यात व्यापार में किया जाता है।
पीएनबी बैंक धोखाधड़ी में, नीरव मोदी और मेहुल चोकसी (गीतांजलि समूह) की कंपनी ने धोखाधड़ी से पीएनबी से किसी भी कोलैटरल के बिना एलओयू प्राप्त किया।
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In this video, we have explained:
What are buyer's credit and letter of undertaking?
How buyer's credit and letter of undertaking is used in international trade finance?
How buyer's credit works?
How buyer's credit and LoU was used in PNB fraud by Nirav Modi and Mehul Choksi?
How Punjab National Bank fraud was done by Nirav Modi and Mehul Choksi of Gitanjali Group?
How Nirav Modi and Mehul Choksi fraudulently got LoU from PNB without any collateral?
What is Nostro account?
How Nostro account is used for buyer's credit and letter of undertaking or letter of understanding or letter of comfort?
What happens if a buyer defaults the loan in buyer's credit and letter of undertaking?
What are the compliances and cost involved in buyer's credit?
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Hope you liked this video in Hindi on “Buyer's Credit & Letter of Undertaking”.
Sir ek video master circular for import ka uper bnado...
1Advance Remittances for Imports
2Import Bills under Collection
3Direct Import Bills
4Issuance/Amendment of Foreign Letters
of Credit.
5Import Bills under LC
6Buyers’ Credit
Indian company import in Nepal ager karta he kitna month ka credit facility detha he
Then what is difference between letter of undertaking and letter of credit
What happens in case Supplier gets loan amount from foreign bank and then doesnot delivers the good? Buyer still have to pay back the loan or he is safe?
Please Video Pre shipment and post Shipment Finance
Nice video but nirav modi case not explain clearly
sir please make another vedio on suppliers credit.
Explain seller's credit and usage credit
बायर कैसे सर्च करे इस पर व्हिडिओ बनाये सर
The video is really very useful and understood the concepts thoroughly.. would like to see a detailed video on Nirav Modi case. Thank you.
Glad to know, I'll try to cover it in future videos.
Banaiye sir plz pnb case pr video
kindly post Indian forward book mechanism with example
Thanks Vikas
ya Nirav Modi full video please upload
Sir,
Kindly post a video on preshipment and post shipment finance. Epc, pcfc etc
Noted.
Sir plz explain trade credit
Please make a video on High sea sales
Sir muje real estate se jude video dekhne h aapke mil nhi rhe kya kru..
🙏 Please help me 🙏
Here it is: ua-cam.com/play/PLSiDKpku4U_WE7EwShCmKI7JFnlqgGcHL.html
Dear Sir,
Thanks for sharing such a great knowledge.
I have a question w.r.t. this trade.
What if Exporter receive 1 Cr payment in Yen from lending bank & still didnt trade. What can a buyer do?
Does he has the same liability to pay to facilitating bank???
Please answer for this
Sir we need video on nirav Modi case
Hello sir....thanx for the information ......sir agar Mera koi buyer 10% advance payment karta hai aur 90% lc se karta hai to Kya koi aisa option hai jisme govt ya koi Pvt body 90% payment ke liye help kar sake . It's my first order I'm new in this field.
Just for your information, the major issue was that issuance of LOU was not routed through SWIFT resulting of which there was no record and exposure was never in the knowledge of the Bank executives. Yes, executives faild to analyse the huge income in this trade/ activity
What is the role of Vostro A/C in international banking?
Also, please make a detailed video on PNB case.
Make video on pnjb
All your videos are excellent. Thanx sir
Thanks for appreciation 😊
Are buyer's credit and supplier's credit same??
Collateral wasn't a loop hole. Loop hole is basically we can use legally & no one can take legal action. Collateral was totally a favor to Nirav Modi. Like they (PNB) were allocating funds to him w/o any mortgage.
Dear sir thank you for such video
Every day I watch your video and learn new things I am banker kindly suggest me I want to get admission in MBA pls tell me is proper subject to choose, I am interested in trade pls suggest request you sir
Sir I have one doubt. You haven't covered the exporter defaulting on shipping the goods. How is that ensured if the payment is done before shipping the goods?
Very easy way explained many critical finance topics in your videos.
Just request if you can cover in one for current account txns ( import/exports) and one video for capital account txns(like ECB, FDI,ODI,LRS, BO/LO). Pls dont not use multiple videos for it. Pls try to make on most simplified ways to anyone can understand simpli the entire things in some time. Also conver regulatory aspects of it and banking aspects and reportings and process so it should be used for bankers for educational purpose. Also include hedging on each type of txns with all options in same videos.
Many thanks in advance
Nicely done 👌
You are maestro
Once the exporter ships the goods, the lending bank pays the exporter according to the contract terms. The buyer makes principal and interest payments to the lending bank according to the loan agreement until the loan is repaid in full.
Basic RBI guidelines pe please videos banaiye koi bhi trade finance product Ke liye
Gold can be used as collateral in bank guarantee or not
You did not give any answer
Sirji escrow a/c ye privt firm h ya bank m khol sakte h govt reg. Rehti h ya non reg. Rehti h ye khud kitni secure hei pls expl me in ur other vdo 😊
Nice video. Very simple and excellent presentation. Plz share a detailed video on PNB scam.
What if the seller does not deliver the goods after receiving the payment. what is the protection for the buyer ?
About SKR
Please share HDFC Bank Working capital loan segment knowledge
Agr 4th step me selleer ko payment kr di to kya ta seller apne goods na beje, iska to kuchh documentation hua nhi
hi Mukul, apke videos main continuously dekh raha hu. mukul i want start new Export/Imort business and i want to start c&f also please guide me.send me details about c&f which companies are best.
SIr if US is the buyer and India is the exporter how is it beneficial for the US exporter to take buyers credit from Indian banks as the rate of interest in US banks are lower than Indian banks ?
Thanks for good explanation
Most welcome
Please make detail video on Merchant Trade Transactions as per Banker’s point of view
Please make detail video on Merchant Trade Transactions as per Banker’s point of view
Sir please make videos on depositories.
Watch this playlist: ua-cam.com/video/2USGSuPe8SQ/v-deo.html
hii sir, can you please make a video on ind as...this topic is disturbing me a lot...thank you
Sir please made on Pre-shipment credit and Post-shipment credit (export finance)
And FITL (Funding interest term loan)
Sir your all video is best thank for videos
The loan amount was transferred from indian bank to its vostro account of Bank in China, thn y tye repayment will go to bank in China it has only transferred the amount
Nirav modi gave collateral and guarantees for the loans through which banks are recovering their money.
You Explain Things very Easily ... Thank You for Explaining Everything in such a Great way .
Thanks Sir for making very informative and easy videos. Please make video on trade based money laundering
Please make a video about difference between loc and buyers credit
Very informative video sir. WHAT WILL happen if exporter does not release the shipment in this case ??
What in case where bill is already lodged in bank and it is sight/ Usance bill ?
Please make video on FEMA
Sure, I've noted down your topic suggestion for future videos.
Superb video...more such banking detailed videos expected from your side
Sir i just wanted to know is it always the case that foreign banks always offer less interest rates .. why do they offer lesser interest rates ?
Best video sir, can explain about export GST rule in detail
Dear Sir,
Thank you for this wonderful explanation of this concept.
Could you please also make a video on Suppliers credit?
How to calculate custom duty
That is calculated on the Assessment Value of the goods that have landed at the customs border of India
What is lines of credit?
Credit line, similar to credit card
What are the measures in case if the seller doesn't releases the shipment?
What if the Seller does not ship/deliver the goods? How to protect that?
Aap ne export packing credit ka video nahi banaya he??
Sir plz explain SBLC and how can use credit line
SIR, WHAT IF THE SELLER SCAMS AND DONT EXPORT THE GOODS OR SERVICES?
But why foreign bank will give loan at low interest
Please make a video on Export credit agency
Please upload a video on risk involved in foreign trade or export
Buyers credit maine bachat of interest against DP
Good explanation 👍 please explain supplier 's credit
Sir parking credit kya hota hai sir export s kese use karte hai
Such a help; may you plz also prepare videos in regards to FEMA guidelines in details (in view of FEDAI exam for FX) thnx in advance
Topic noted for future videos.
Hi Thanks fir sharing Knowledge very crisp and useful contents
Thanks Prashant
Hi Need buyers credit which is currently there in axis bank
i am not getting what is nostro account .can u pls tell me .
Plz make video on supplier credit and difference
sir please explained about the LC where all the parties how technically works. About Advising bank, confirming bank, negotiating bank reimbursement bank.and how does payment goes to the final beneficiary . Please make clear about the payment as if all the parties involved.
Have already made a detailed video on LC. Please search.
Sir, what is the difference between LOU and LC ? RBI banned LOU . LC is still operational. Please explain it sir.
👌👌👌👌👌👌👌
Disbursement will be in INR and not in YEN
Sir Bayer's ka leya cont number kha say mela ga
Chinese currency is not 'yen' it's 'renminbi' (yuan).
Well explained Sir!
Keep watching
Thank you sir, it was very helpful, sir please make video on pnb fraud case study
Thanks Prem, we will try to cover that topic
Dear Asset Yogi,
Can you please make the videos on Pre-shipment and Post shipment credit facilities to importers and exporters?.
Topic noted for future videos.
Bill of entry ky hota he us k bare me video banao na
thanks a lot for the very informative video on LOU, since the goods are importing from a foreign country, under Buyer's Credit I believe the other normal shipping documents are also been prepared and presented with the same routes and as is done in Letter of Credit.
Thank you for appreciation:)
Sir please make a video on new ECB policy
Sir. Please make a detailed video on PNB scam .
Amazing explanation ❤❤❤would love to learn more concepts on this channel .
Keep watching
👍🏻
Really good video
Thank you Ghosh
sir , please make detailed video of Nirav Modi case
Thanks a lot sir
I hope this will be helpful Affan :)
Good information
I hope this will be useful Dharminder :)
I want to know process of registration to cancellation of advance licence ,EPCG licence,SHIS Licence and also want to know detail about PD Bond .please prepare video on this subject.thank you
Avi to Buyer Credit band ho Gaya na.?
Bhai sahi hai daily videos!!! ..keep going ... no other you tube channel in this domain...
Thanks for your kind words Trivender!
Good:)