Buyer's Credit & Letter of Undertaking (LOU) - Hindi

Тәжірибелік нұсқаулар және стиль

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?
Make sure to Like and Share this video.
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Hope you liked this video in Hindi on “Buyer's Credit & Letter of Undertaking”.

Пікірлер: 249

  • @TIGER-xl7xg
    @TIGER-xl7xg6 жыл бұрын

    Best video till now for LOU

  • @dikznair5826
    @dikznair58265 жыл бұрын

    You Explain Things very Easily ... Thank You for Explaining Everything in such a Great way .

  • @mohitsharma-by5xm
    @mohitsharma-by5xm5 жыл бұрын

    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

  • @meghalgandhi1165
    @meghalgandhi11656 жыл бұрын

    The video is really very useful and understood the concepts thoroughly.. would like to see a detailed video on Nirav Modi case. Thank you.

  • @AssetYogi

    @AssetYogi

    6 жыл бұрын

    Glad to know, I'll try to cover it in future videos.

  • @saurabh6820
    @saurabh68205 жыл бұрын

    Superb video...more such banking detailed videos expected from your side

  • @rkgupta1949
    @rkgupta19498 ай бұрын

    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

  • @siddheshsalkar5529
    @siddheshsalkar55294 жыл бұрын

    Dear Sir, Thank you for this wonderful explanation of this concept. Could you please also make a video on Suppliers credit?

  • @meherkhan9819
    @meherkhan98195 жыл бұрын

    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.

  • @AssetYogi

    @AssetYogi

    5 жыл бұрын

    Thank you for appreciation:)

  • @nirajkumar-pe6pj
    @nirajkumar-pe6pj3 жыл бұрын

    Very nicely explained in such a simple and understandable language...thank you so much

  • @AssetYogi

    @AssetYogi

    3 жыл бұрын

    You are most welcome

  • @fazilkhan8592
    @fazilkhan85925 жыл бұрын

    Very informative....thank you so much

  • @SPVerma958
    @SPVerma9585 жыл бұрын

    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

  • @kanujaan
    @kanujaan5 жыл бұрын

    Dear sir. Your video is fabulous. I am preparing certified credit professional. your videos are extremely helpful to me... And regarding this video plz make video on PNB SCAM

  • @SaurabhVerma-dq9yo
    @SaurabhVerma-dq9yo6 жыл бұрын

    सर आप जो समझाते हैं, एक बार में सब कुछ समझ में आ जाता है। बहुत ही अच्छा वीडियो।

  • @bbtt5241

    @bbtt5241

    6 жыл бұрын

    C

  • @seemalrashid6268
    @seemalrashid62684 жыл бұрын

    Thanks Sir for making very informative and easy videos. Please make video on trade based money laundering

  • @rohanbhandari4084
    @rohanbhandari40844 жыл бұрын

    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?

  • @AsifNaseerCW
    @AsifNaseerCW6 жыл бұрын

    What is the role of Vostro A/C in international banking? Also, please make a detailed video on PNB case.

  • @AnwarKhanfaizanwar
    @AnwarKhanfaizanwar3 ай бұрын

    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.

  • @trivender007
    @trivender0076 жыл бұрын

    Bhai sahi hai daily videos!!! ..keep going ... no other you tube channel in this domain...

  • @AssetYogi

    @AssetYogi

    6 жыл бұрын

    Thanks for your kind words Trivender!

  • @trivender007

    @trivender007

    6 жыл бұрын

    Good:)

  • @rk27421
    @rk274214 жыл бұрын

    Nice video. Very simple and excellent presentation. Plz share a detailed video on PNB scam.

  • @arvindsingh8303
    @arvindsingh83035 жыл бұрын

    Dear sir Kindly link your programe to all banking and uosc exams.... The truth is that ur teaching is the best I have ever seen, but so many people are not aware about you, because ur not marketing your channel

  • @Amitkumar-rj5me
    @Amitkumar-rj5me5 жыл бұрын

    Sir, kindly make an video on topic Treasury management in simple way. it's my humble request. I like your all videos very much. thank you ..

  • @kirankamble6560
    @kirankamble65605 жыл бұрын

    Very nice explained Sir. Thank you...........,.

  • @KaranSharma-sx6of
    @KaranSharma-sx6of5 жыл бұрын

    Awesome explaination....

  • @rahulbelwal7350
    @rahulbelwal73503 жыл бұрын

    Very informative video sir. WHAT WILL happen if exporter does not release the shipment in this case ??

  • @user-wk6qh5fw9p
    @user-wk6qh5fw9p5 жыл бұрын

    What a lucent presentation sirji.....

  • @nidhi2608
    @nidhi26083 жыл бұрын

    All your videos are excellent. Thanx sir

  • @AssetYogi

    @AssetYogi

    3 жыл бұрын

    Thanks for appreciation 😊

  • @gunjanagrawal8195
    @gunjanagrawal81953 жыл бұрын

    Wow..... My doubt get clear.... Thanks yogi sir

  • @AssetYogi

    @AssetYogi

    3 жыл бұрын

    Always welcome

  • @rehanshaikh6500
    @rehanshaikh65004 жыл бұрын

    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 😊

  • @santoshkumarmishra3912
    @santoshkumarmishra39124 жыл бұрын

    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

  • @AamirKhan-lf2vu
    @AamirKhan-lf2vu2 жыл бұрын

    Amazing explanation ❤❤❤would love to learn more concepts on this channel .

  • @AssetYogi

    @AssetYogi

    2 жыл бұрын

    Keep watching

  • @RanjeetSingh-zi8hg
    @RanjeetSingh-zi8hg5 жыл бұрын

    Thanks sir.. Plz creat video on performa invoice

  • @user-dg2fq1zf8e
    @user-dg2fq1zf8e Жыл бұрын

    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.

  • @evergreensongs120
    @evergreensongs1203 жыл бұрын

    sir I really appreciate your work ....love your videos

  • @AssetYogi

    @AssetYogi

    3 жыл бұрын

    Thanks 😊

  • @prashantsalode5243
    @prashantsalode52434 жыл бұрын

    Hi Thanks fir sharing Knowledge very crisp and useful contents

  • @AssetYogi

    @AssetYogi

    4 жыл бұрын

    Thanks Prashant

  • @vinaymendhe7314
    @vinaymendhe73144 жыл бұрын

    Yes please provide pnb case details in single video

  • @sheikharraiy4505
    @sheikharraiy45055 жыл бұрын

    hii sir, can you please make a video on ind as...this topic is disturbing me a lot...thank you

  • @tariqsonzia
    @tariqsonzia4 жыл бұрын

    Mr. Malik great job u r doing. Can u please provide info regarding Visa or master cards that how much interest they charged to the banks.

  • @praveenkaushal634
    @praveenkaushal6345 жыл бұрын

    Banaiye sir plz pnb case pr video

  • @omshivaya7403
    @omshivaya74036 жыл бұрын

    sir , please make detailed video of Nirav Modi case

  • @KrishnaFlute17895
    @KrishnaFlute178955 жыл бұрын

    Please upload video on risks of bank.. And its management

  • @shivram2819
    @shivram28192 жыл бұрын

    Good explanation 👍 please explain supplier 's credit

  • @sudhirsinghtanwar9818
    @sudhirsinghtanwar98184 жыл бұрын

    Nicely done 👌

  • @rajchoksi1677
    @rajchoksi16775 жыл бұрын

    Super video boss... 🤝

  • @bablooalam9930
    @bablooalam99304 жыл бұрын

    Please upload a video on risk involved in foreign trade or export

  • @prataprajput8693
    @prataprajput86936 жыл бұрын

    Sir Interest part same rahega kya indian bank or foreign bank ke liye

  • @karm35688yogi
    @karm35688yogi5 жыл бұрын

    Hi, Thanks for this video. Please share PNB case also in more details.

  • @AssetYogi

    @AssetYogi

    5 жыл бұрын

    Sure, noted the suggestion.

  • @tanujapoddar1536
    @tanujapoddar15364 жыл бұрын

    Please make a video about difference between loc and buyers credit

  • @rockstar070390
    @rockstar0703905 жыл бұрын

    Basic RBI guidelines pe please videos banaiye koi bhi trade finance product Ke liye

  • @nileshtalap2818
    @nileshtalap28185 жыл бұрын

    YOU ARE ALWAYS GOOD AS USUAL

  • @AssetYogi

    @AssetYogi

    5 жыл бұрын

    Thank you Nilesh

  • @mayurbhalerao3073
    @mayurbhalerao30734 жыл бұрын

    Sir, can we have detailed video on preshipment and post shipment process and facility by banks

  • @salikansari6868
    @salikansari68683 жыл бұрын

    Please Video Pre shipment and post Shipment Finance

  • @manojchougule544
    @manojchougule5443 ай бұрын

    Best video sir, can explain about export GST rule in detail

  • @khushboopanwar3934
    @khushboopanwar39345 жыл бұрын

    sir please elaborate pnb fraud along with swift and cbs integration and all....

  • @nitinvasnik4558
    @nitinvasnik45584 жыл бұрын

    sir please make another vedio on suppliers credit.

  • @erpraveenverma136
    @erpraveenverma1365 жыл бұрын

    Tagda concept dete ho ap

  • @rajvishah1148
    @rajvishah11485 жыл бұрын

    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

  • @sagarbhardwaj7696
    @sagarbhardwaj76964 жыл бұрын

    For Eg. There is agent office which brings export order and gives to an export factory and takes hidden commission from the buyer without disclosing, ultimate exporter is export factory only but payment will coming to Agent EEFC account in USD. Question: Can Agent keep his commission in his account transfer the balance in USD to export factory (within India as well as outside India any country) ?

  • @PINAKIRATH23
    @PINAKIRATH235 жыл бұрын

    Sir, what is the difference between LOU and LC ? RBI banned LOU . LC is still operational. Please explain it sir.

  • @sachinsingh850
    @sachinsingh8505 жыл бұрын

    Excellent video. Sir apne neerav modi scam ka video banaya hai kya??

  • @piyushsingh5989
    @piyushsingh59892 жыл бұрын

    Well explained Sir!

  • @AssetYogi

    @AssetYogi

    2 жыл бұрын

    Keep watching

  • @premprasad4958
    @premprasad49584 жыл бұрын

    Thank you sir, it was very helpful, sir please make video on pnb fraud case study

  • @AssetYogi

    @AssetYogi

    4 жыл бұрын

    Thanks Prem, we will try to cover that topic

  • @aatishlonde8160
    @aatishlonde8160 Жыл бұрын

    Thanks for good explanation

  • @AssetYogi

    @AssetYogi

    Жыл бұрын

    Most welcome

  • @miteshsevda7488
    @miteshsevda74885 жыл бұрын

    Mukul sir ... you are great 🙏🏻

  • @AssetYogi

    @AssetYogi

    5 жыл бұрын

    Keep support :)

  • @MrSanjaytekwani
    @MrSanjaytekwani5 жыл бұрын

    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.

  • @sangramsinghpowar4181
    @sangramsinghpowar4181Ай бұрын

    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?

  • @TheGangeshwar
    @TheGangeshwar5 жыл бұрын

    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

  • @AssetYogi

    @AssetYogi

    5 жыл бұрын

    Topic noted for future videos.

  • @SenthilKumar-xo9sn
    @SenthilKumar-xo9sn4 жыл бұрын

    Sir we need video on nirav Modi case

  • @buntymanjrekar941
    @buntymanjrekar9416 жыл бұрын

    Plz make a video for how to discounting letter of cradit...

  • @rishabhmudgal2156
    @rishabhmudgal21564 жыл бұрын

    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???

  • @akashnikam2063

    @akashnikam2063

    4 жыл бұрын

    Please answer for this

  • @pramodkhandait6651
    @pramodkhandait66514 жыл бұрын

    Please make a video on High sea sales

  • @arunmanoharan5306
    @arunmanoharan53065 жыл бұрын

    Sir, few queries 1. Through LOU, money is assured to seller. But how materials are assured to buyer ??? 2. Money is getting transferred to seller and after receipt of money if seller breaches trust, how it will be handled?? 3.could you please detail hedging. 4. Facilitating banks are getting fee for issuing LOU. Lending bank gets interest. What's the benefit of intermediate bank?

  • @ganeshgaonkar7949
    @ganeshgaonkar79494 жыл бұрын

    Sir great knowledge, thanks, we need PNB scam video also

  • @AssetYogi

    @AssetYogi

    4 жыл бұрын

    We will try to cover that topic

  • @gopalprajapati900
    @gopalprajapati9004 жыл бұрын

    Sir. Please make one more video about how to do remittance in logistics company or remittance cycle in logistics company

  • @kevalpatel1035
    @kevalpatel10355 жыл бұрын

    Bill of entry ky hota he us k bare me video banao na

  • @riyasingh9434
    @riyasingh94343 жыл бұрын

    Helpful!

  • @AssetYogi

    @AssetYogi

    3 жыл бұрын

    I'm glad!

  • @ushapol7185
    @ushapol71854 жыл бұрын

    Explain seller's credit and usage credit

  • @BHARAT9X
    @BHARAT9X2 жыл бұрын

    Awesome ❤️

  • @AssetYogi

    @AssetYogi

    2 жыл бұрын

    Thanks 🤗

  • @navsha9671
    @navsha96714 жыл бұрын

    Kindly make video on bank comfort letter MT 799

  • @Rajuyadav-fb1mz
    @Rajuyadav-fb1mz5 жыл бұрын

    Excellent explanation of the pnb scam

  • @AssetYogi

    @AssetYogi

    5 жыл бұрын

    Thanks Raju:)

  • @ritulkushwaha2747
    @ritulkushwaha27476 жыл бұрын

    Good evening sir, Pl make a video on EPF related matters for private employees.

  • @AssetYogi

    @AssetYogi

    6 жыл бұрын

    Yes. I will do that.

  • @shahbazkhan25
    @shahbazkhan254 жыл бұрын

    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.

  • @mayankgupta7172
    @mayankgupta71725 жыл бұрын

    Please share SBLC and Supplier's Credit videos. Thanks

  • @mdmukim5758
    @mdmukim57586 жыл бұрын

    Thank u sir Nice Video

  • @AssetYogi

    @AssetYogi

    6 жыл бұрын

    Hope this is helpful :)

  • @mitalitulsyan1620
    @mitalitulsyan16205 жыл бұрын

    Plz make video on supplier credit and difference

  • @krishnapudasaini6415
    @krishnapudasaini64155 жыл бұрын

    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.

  • @AssetYogi

    @AssetYogi

    5 жыл бұрын

    Have already made a detailed video on LC. Please search.

  • @user-ol1zb7rj8v
    @user-ol1zb7rj8v5 жыл бұрын

    Really good video

  • @AssetYogi

    @AssetYogi

    5 жыл бұрын

    Thank you Ghosh

  • @swapnilpatil1102
    @swapnilpatil11024 жыл бұрын

    बायर कैसे सर्च करे इस पर व्हिडिओ बनाये सर

  • @satishsharma1105
    @satishsharma11052 жыл бұрын

    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

  • @rohitaimsbrow7578
    @rohitaimsbrow75784 жыл бұрын

    Sir parking credit kya hota hai sir export s kese use karte hai

  • @nadeemshh487
    @nadeemshh487 Жыл бұрын

    Sir plz explain SBLC and how can use credit line

  • @quality8998
    @quality89984 жыл бұрын

    Aap ne export packing credit ka video nahi banaya he??

  • @pravinverma7682
    @pravinverma76825 жыл бұрын

    please make a video on suppliers credit also

  • @conceptual_clarity
    @conceptual_clarity4 жыл бұрын

    Sir please make a video on new ECB policy

  • @rishijuneja
    @rishijuneja6 жыл бұрын

    Please check I think for capital goods period is 5 yrs

  • @independence6061
    @independence60614 жыл бұрын

    Thanks a lot sir

  • @AssetYogi

    @AssetYogi

    4 жыл бұрын

    I hope this will be helpful Affan :)

  • @sachinmaheshwari3418
    @sachinmaheshwari34186 жыл бұрын

    excellent video

  • @AssetYogi

    @AssetYogi

    6 жыл бұрын

    😊 Thank you

  • @akashvaidya6997
    @akashvaidya69975 жыл бұрын

    Are buyer's credit and supplier's credit same??

  • @VikasMishraUP32
    @VikasMishraUP324 жыл бұрын

    kindly post Indian forward book mechanism with example

  • @AssetYogi

    @AssetYogi

    4 жыл бұрын

    Thanks Vikas

  • @tathagatraut477
    @tathagatraut4774 жыл бұрын

    What if the seller does not deliver the goods after receiving the payment. what is the protection for the buyer ?

  • @shasha40000
    @shasha400002 ай бұрын

    Please make a video on Export credit agency

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