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?
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Hope you liked this video in Hindi on “Buyer's Credit & Letter of Undertaking”.
Пікірлер: 249
Best video till now for LOU
You Explain Things very Easily ... Thank You for Explaining Everything in such a Great way .
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
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
6 жыл бұрын
Glad to know, I'll try to cover it in future videos.
Superb video...more such banking detailed videos expected from your side
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
Dear Sir, Thank you for this wonderful explanation of this concept. Could you please also make a video on Suppliers credit?
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
5 жыл бұрын
Thank you for appreciation:)
Very nicely explained in such a simple and understandable language...thank you so much
@AssetYogi
3 жыл бұрын
You are most welcome
Very informative....thank you so much
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
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
सर आप जो समझाते हैं, एक बार में सब कुछ समझ में आ जाता है। बहुत ही अच्छा वीडियो।
@bbtt5241
6 жыл бұрын
C
Thanks Sir for making very informative and easy videos. Please make video on trade based money laundering
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?
What is the role of Vostro A/C in international banking? Also, please make a detailed video on PNB case.
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.
Bhai sahi hai daily videos!!! ..keep going ... no other you tube channel in this domain...
@AssetYogi
6 жыл бұрын
Thanks for your kind words Trivender!
@trivender007
6 жыл бұрын
Good:)
Nice video. Very simple and excellent presentation. Plz share a detailed video on PNB scam.
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
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 ..
Very nice explained Sir. Thank you...........,.
Awesome explaination....
Very informative video sir. WHAT WILL happen if exporter does not release the shipment in this case ??
What a lucent presentation sirji.....
All your videos are excellent. Thanx sir
@AssetYogi
3 жыл бұрын
Thanks for appreciation 😊
Wow..... My doubt get clear.... Thanks yogi sir
@AssetYogi
3 жыл бұрын
Always welcome
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 😊
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
Amazing explanation ❤❤❤would love to learn more concepts on this channel .
@AssetYogi
2 жыл бұрын
Keep watching
Thanks sir.. Plz creat video on performa invoice
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.
sir I really appreciate your work ....love your videos
@AssetYogi
3 жыл бұрын
Thanks 😊
Hi Thanks fir sharing Knowledge very crisp and useful contents
@AssetYogi
4 жыл бұрын
Thanks Prashant
Yes please provide pnb case details in single video
hii sir, can you please make a video on ind as...this topic is disturbing me a lot...thank you
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.
Banaiye sir plz pnb case pr video
sir , please make detailed video of Nirav Modi case
Please upload video on risks of bank.. And its management
Good explanation 👍 please explain supplier 's credit
Nicely done 👌
Super video boss... 🤝
Please upload a video on risk involved in foreign trade or export
Sir Interest part same rahega kya indian bank or foreign bank ke liye
Hi, Thanks for this video. Please share PNB case also in more details.
@AssetYogi
5 жыл бұрын
Sure, noted the suggestion.
Please make a video about difference between loc and buyers credit
Basic RBI guidelines pe please videos banaiye koi bhi trade finance product Ke liye
YOU ARE ALWAYS GOOD AS USUAL
@AssetYogi
5 жыл бұрын
Thank you Nilesh
Sir, can we have detailed video on preshipment and post shipment process and facility by banks
Please Video Pre shipment and post Shipment Finance
Best video sir, can explain about export GST rule in detail
sir please elaborate pnb fraud along with swift and cbs integration and all....
sir please make another vedio on suppliers credit.
Tagda concept dete ho ap
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
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) ?
Sir, what is the difference between LOU and LC ? RBI banned LOU . LC is still operational. Please explain it sir.
Excellent video. Sir apne neerav modi scam ka video banaya hai kya??
Well explained Sir!
@AssetYogi
2 жыл бұрын
Keep watching
Thank you sir, it was very helpful, sir please make video on pnb fraud case study
@AssetYogi
4 жыл бұрын
Thanks Prem, we will try to cover that topic
Thanks for good explanation
@AssetYogi
Жыл бұрын
Most welcome
Mukul sir ... you are great 🙏🏻
@AssetYogi
5 жыл бұрын
Keep support :)
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 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?
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
5 жыл бұрын
Topic noted for future videos.
Sir we need video on nirav Modi case
Plz make a video for how to discounting letter of cradit...
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
4 жыл бұрын
Please answer for this
Please make a video on High sea sales
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?
Sir great knowledge, thanks, we need PNB scam video also
@AssetYogi
4 жыл бұрын
We will try to cover that topic
Sir. Please make one more video about how to do remittance in logistics company or remittance cycle in logistics company
Bill of entry ky hota he us k bare me video banao na
Helpful!
@AssetYogi
3 жыл бұрын
I'm glad!
Explain seller's credit and usage credit
Awesome ❤️
@AssetYogi
2 жыл бұрын
Thanks 🤗
Kindly make video on bank comfort letter MT 799
Excellent explanation of the pnb scam
@AssetYogi
5 жыл бұрын
Thanks Raju:)
Good evening sir, Pl make a video on EPF related matters for private employees.
@AssetYogi
6 жыл бұрын
Yes. I will do that.
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.
Please share SBLC and Supplier's Credit videos. Thanks
Thank u sir Nice Video
@AssetYogi
6 жыл бұрын
Hope this is helpful :)
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.
@AssetYogi
5 жыл бұрын
Have already made a detailed video on LC. Please search.
Really good video
@AssetYogi
5 жыл бұрын
Thank you Ghosh
बायर कैसे सर्च करे इस पर व्हिडिओ बनाये सर
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 parking credit kya hota hai sir export s kese use karte hai
Sir plz explain SBLC and how can use credit line
Aap ne export packing credit ka video nahi banaya he??
please make a video on suppliers credit also
Sir please make a video on new ECB policy
Please check I think for capital goods period is 5 yrs
Thanks a lot sir
@AssetYogi
4 жыл бұрын
I hope this will be helpful Affan :)
excellent video
@AssetYogi
6 жыл бұрын
😊 Thank you
Are buyer's credit and supplier's credit same??
kindly post Indian forward book mechanism with example
@AssetYogi
4 жыл бұрын
Thanks Vikas
What if the seller does not deliver the goods after receiving the payment. what is the protection for the buyer ?
Please make a video on Export credit agency