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Lecture 34: Buyers credit facility with SBLC and Nirav Modi PNB Scam 

CA Ankush Jain
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In this video, I have explained in full details about:
The whole concept of Buyers credit loan facility availed from banks including scam done by Nirav modi through PNB in this loan facility.
Step by step, you will all learn:
1. Need of Buyers credit loan facility.
2. When can this facility be availed.
3. Nostro and Vostro accounts.
4. Buyers credit step by step method of operation prior to Nirav Modi Scam.
5. Full details of scam done by Nirav Modi. Who is responsible for the Scam.
6. Impact of Nirav Modi Scam on banking sector and changes done by RBI.
7. Buyers credit step by step method of operation post Nirav Modi Scam with introduction of concept of SBLC.
#Niravmodi #Buyerscredit #Nostroaccount #SBLC #Standbyletterofcredit #Letterofcredit #LC #Niravmodiscam #financialscaminindia #scaminIndia
______________________________________________________________________________________________
इस वीडियो में, मैंने इसके बारे में पूरी जानकारी के बारे में बताया है:
इस ऋण सुविधा में पीएनबी के माध्यम से नीरव मोदी द्वारा किए गए घोटाले सहित बैंकों से प्राप्त बायर्स क्रेडिट ऋण सुविधा की पूरी अवधारणा।
कदम दर कदम, आप सब सीखेंगे:
1. क्रेता ऋण सुविधा की आवश्यकता।
2. इस सुविधा का लाभ कब उठाया जा सकता है।
3. नोस्ट्रो और वोस्ट्रो खाते।
4. खरीदार नीरव मोदी घोटाले से पहले ऑपरेशन के चरण-दर-चरण तरीके से क्रेडिट करते हैं।
5. नीरव मोदी द्वारा किए गए घोटाले की पूरी जानकारी। घोटाले के लिए कौन जिम्मेदार है।
6. बैंकिंग क्षेत्र पर नीरव मोदी घोटाले का प्रभाव और आरबीआई द्वारा किए गए परिवर्तन।
7. एसबीएलसी की अवधारणा की शुरुआत के साथ नीरव मोदी घोटाले के बाद ऑपरेशन की स्टेप बाई स्टेप विधि से खरीदार क्रेडिट।

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11 окт 2024

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Комментарии : 108   
@sarika9333
@sarika9333 7 месяцев назад
very detailed video ,keep posting :)
@AnkushJain
@AnkushJain 7 месяцев назад
Thank you
@the_accidental_banker
@the_accidental_banker 3 месяца назад
Very Insightful Lecture. You're a great storyteller
@AnkushJain
@AnkushJain 3 месяца назад
Thank you
@maturuhamsagayatri1439
@maturuhamsagayatri1439 Год назад
Excellent, pl upload this kind of videos again on various other topics
@AnkushJain
@AnkushJain Год назад
Your welcome 👍
@gulfamali8194
@gulfamali8194 11 месяцев назад
Wow, thank you sir for sharing the knowledge. Very informative session..
@AnkushJain
@AnkushJain 11 месяцев назад
Thank you
@aayushisingh5478
@aayushisingh5478 8 месяцев назад
Awesome lecture
@AnkushJain
@AnkushJain 8 месяцев назад
Thank you
@maheshks5178
@maheshks5178 Год назад
Thank you so much for this lecture and series
@AnkushJain
@AnkushJain Год назад
Thank you
@VIVAAN-XD
@VIVAAN-XD 3 года назад
Awesome Sir, you are doing a very good job i.e. knowledge sharing. Thank You
@AnkushJain
@AnkushJain 3 года назад
Thank you Amit
@pardeepmawlia21
@pardeepmawlia21 Год назад
Thank you sir! Sir concepts are explained well and easy to understand. Sir have u written any book/notes on all these topics ? Any book you would recommend for credit manager ?
@AnkushJain
@AnkushJain Год назад
Thank you. No I have not written any book. You can refer "hands on credit" by d d Mukherjee, snow white publication
@rohitbhatia1537
@rohitbhatia1537 2 года назад
Sir, It's really great. Please share the video on Supplier Credit too. Regards
@AnkushJain
@AnkushJain 2 года назад
Sure Rohit. Thank you 👍
@hunnykhatnani817
@hunnykhatnani817 Год назад
So currently Indian banks are issuing SBLC/giving buyer credit facility through their gift city branch to overseas Bank or their gift city branch works as overseas bank as per example shown in video????
@AnkushJain
@AnkushJain Год назад
Both are done
@RajanKumar-gh2qx
@RajanKumar-gh2qx 7 месяцев назад
Sir if indian bank are giving SLBC instead of actual fund transfer buyer's credit should be a non-fund based facility..right?
@sweetyshah9328
@sweetyshah9328 Год назад
Insightful session as always!!!
@AnkushJain
@AnkushJain Год назад
Thank you
@IMRANANSARI-yo1mm
@IMRANANSARI-yo1mm Год назад
Hi Sir, when lending bank charges is paid by importer at time of availment of bc or at time of repayment of bc amount ?
@AnkushJain
@AnkushJain Год назад
Charges for issuance are paid upfront
@kiranjeetkaur8700
@kiranjeetkaur8700 3 года назад
Very well explained Sir
@AnkushJain
@AnkushJain 3 года назад
Thank you
@Shortexpert-oz8sb
@Shortexpert-oz8sb 6 месяцев назад
Nice explanation
@AnkushJain
@AnkushJain 6 месяцев назад
Thank you
@himani051
@himani051 3 года назад
Great lecture Thank you so much.
@AnkushJain
@AnkushJain 3 года назад
Your welcome
@VikashKumar-gt6zw
@VikashKumar-gt6zw 2 года назад
Hi Sir Thanks for making Sunday such knowledgeable! Plz guide for below mentioned 1.Can a Importer avail both LC & Buyers Credit at simultaneously. 2. In case of LC... who will make payment to exporter. Is it LC issuing Bank or payment will be done directly by importer. If LC issuing bank is doing the payment than in which account that bank will transfer. 3. If Indian exporter demands payments in $(as per agreement) from LC issuing bank than in this case how the payment will process took place. 4.Is Bill Discounting is same as LCBD/Drull or this is something different. Can Bill discounting can be done for both creditors/Debtors as well.
@AnkushJain
@AnkushJain 2 года назад
Hi vikash, pl find reverts for observations raised: Question 1: No both can not be availed simultaneously for same import order. Only one of them can be availed at one point of time. Question 2: Importer will make payment to exporter however if importer fails to pay the LC issuing bank shall pay to the banker of exporter in foreign country Question 3: on due date, exporter bank will send communication to importer bank for payment as per LC terms. Just that way, the payment will have to honoured by the importer bank Question 4: no both are different. Bill discounting is on invoices/bill however LCBD/DRUL is on LC only. Bill discounting term is used for debtor side financing only. However there is purchase bill discounting facility also which is done for creditor side
@VikashKumar-gt6zw
@VikashKumar-gt6zw 2 года назад
@@AnkushJain Thanks Sir ! & Happy Teachers Day🙏
@AnkushJain
@AnkushJain 2 года назад
Thank you
@hunnykhatnani817
@hunnykhatnani817 Год назад
@@AnkushJain sir for first question why lc and buyer credit cannot be used together ?? When lc period knock through buyer credit can be done and buyer credit will stand outstanding
@hunnykhatnani817
@hunnykhatnani817 Год назад
@@AnkushJain Lc payment can be honoured though opening buyer credit and Importwr will get financing for longer tenure if its drs days are high
@uditagarwal6484
@uditagarwal6484 2 года назад
Hi, need to understand couple to point 1) Under UPAS LC ( Usance payable at Sight) LC, the importer finance the sight payment with reimbursement finance by foreign bank. What is the diff between Buyer credit & reimbursement finance 2) Under LC, many time it is written Available at any bank by Acceptance or Negotiation. What is the technical difference between the two 3) Under Document against Acceptance , after the importer gives its accept on the draft, it become negotiate instruments. Can it be discounted Thanks in advance & your video are really great
@AnkushJain
@AnkushJain 2 года назад
Hi udit, For first point, i don't think there is any diff. Since buyers credit also works the same way. Pl check the name of facility taken by the importer for reimbursement and confirm me Could not understand second question, pl explain in detail For third question, DA bills after acceptance becomes instrument which is why bank funds post shipment credit facility to exporters against them
@uditagarwal6484
@uditagarwal6484 2 года назад
@@AnkushJain In field 41 D of LC, many times it is written Available with any bank by Acceptance or Available with any bank by Negotiation. Need to understand the technical difference between both. Further with regards to reimbursement finance ,a importer is financing it's sight payment with a foreign bank with which it does not have any sanction limits. In my view the foreign bank treasury is taking a credit call on importer applicant bank. What are your views on this?
@AnkushJain
@AnkushJain 2 года назад
Hi udit, for second point of foreign finance, only possibility i see that the exporters has taken supplier credit facility from its banker in foreign country. Else importer must have taken some facility from Indian Bank else foreign bank will not take call. Checking 41d related point which I think is giving allowance to some other bank for negotiation of LC. Will get back on that
@uditagarwal6484
@uditagarwal6484 2 года назад
@@AnkushJain Thanks!!
@AnkushJain
@AnkushJain 2 года назад
Hi udit, for 41d, for acceptance i think same is for usance lc and negotiation is for sight lc.
@karanbhagat7661
@karanbhagat7661 2 года назад
SO NICELY EXPLAINED....BEST VIDEO ON YT FOR BC AND LOU.
@AnkushJain
@AnkushJain 2 года назад
Thank you
@nishantsalve6517
@nishantsalve6517 Год назад
Thank you very much sir.
@AnkushJain
@AnkushJain Год назад
Your welcome
@rajanshah2507
@rajanshah2507 2 года назад
is it better to open LC rather to use buyers credit ? because In buyers credit importer has to make interest at around 5%, whereas in LC importer is charged with only around 0.25% commission of LC issuance.
@AnkushJain
@AnkushJain 2 года назад
Pl understand that both are totally separate concepts and are not interchangeable at all. The supplier may require the importer to submit the LC upfront. In that case importer will not have any choice. Therefore same is not in control of importer. Further, buyers credit is in control of importer. If the importer thinks that he has sufficient funds to repay the import bill on due date then he may choose not to take buyers credit at all.
@SANTOSHKUMAR-pb2lb
@SANTOSHKUMAR-pb2lb 5 месяцев назад
Can we say that lc is for procurement of stock and can only be converted in fund based when it is devolved however SBLC is Fund based facility with reference to lender bank and come in picture after the shipment of goods
@sayeediqbal8621
@sayeediqbal8621 2 года назад
Can you please share HDFC Bank Working capital loan segment knowledge
@AnkushJain
@AnkushJain 2 года назад
All concepts apply to all banks
@TheSuresh2022
@TheSuresh2022 2 месяца назад
is it fund based or non fund based facility?
@AnkushJain
@AnkushJain 2 месяца назад
It's a debate.. ideally non fund based
@rahulwagh6070
@rahulwagh6070 2 года назад
Awesome video sir. One confusion - 1. customer first using usance LC and then again under BC using LC/sblc facility. Doesnt become double use of LC? 2. For BC facility - doea we need to sanction SBLC also as sublimit of BC? Pls guide.
@AnkushJain
@AnkushJain 2 года назад
For answer of 1st question, you can watch lecture 36 and it will answer the risks involved. For 2nd question we can sanction SBLC standalone since this facility is nothing but buyers credit only
@rahulwagh6070
@rahulwagh6070 2 года назад
@@AnkushJain thanks alot
@AnkushJain
@AnkushJain 2 года назад
Your welcome 👍
@nsd1001
@nsd1001 2 года назад
Hi sir great lecture. One point i didn't understand. You said LoU was replaced by LC/BG but towards the end u said it was replaced by SBLC. Could u pl clarify thank you .
@AnkushJain
@AnkushJain 2 года назад
LC/SBLC are kind of same thing.
@nsd1001
@nsd1001 2 года назад
@@AnkushJain thank you!
@AnkushJain
@AnkushJain 2 года назад
👍
@nsd1001
@nsd1001 2 года назад
One more question sir - in sanction letter, the facility offered by domestic bank is mentioned as buyers credit or SBLC?
@AnkushJain
@AnkushJain 2 года назад
SBLC
@ashishbhargava9333
@ashishbhargava9333 Месяц назад
Ankush ji, is facility ko arrange karwane mein Indian bank ka kya fayda. Overseas bank say quotation liya aur wo indian Importer ke saath share kar diya.
@AnkushJain
@AnkushJain Месяц назад
Commission milta hai
@ashishbhargava9333
@ashishbhargava9333 Месяц назад
@@AnkushJain Thanks
@AnkushJain
@AnkushJain Месяц назад
@@ashishbhargava9333 ok
@ashishbhargava9333
@ashishbhargava9333 Месяц назад
@@AnkushJainCommission kaun deta hai Overseas Bank ya Indian Importer
@AnkushJain
@AnkushJain Месяц назад
@@ashishbhargava9333 borrower deta hai
@sriram2sri
@sriram2sri 3 года назад
Sir general banks will ask for forward cover for buyers credit naa sir , what will be tenor of buyers credit with how many days importer need to close the loan
@AnkushJain
@AnkushJain 3 года назад
Watch it in next video in next week
@kraggarwalassociates4236
@kraggarwalassociates4236 2 года назад
what is difference between sblc and lc? please explain in detail...
@AnkushJain
@AnkushJain 2 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-XGnur9gLFmo.html Pl watch this video, your query will get resolved
@vikasaggarwal1902
@vikasaggarwal1902 2 года назад
Hi Ankush, Is my understanding correct that BC can be availed on DP/DA bills? Also, who decides the tenor of the BC to be availed, is it Indian bank basis the appraisal and the operating cycle of Importer? Is this BC can be rolled over, if yes then how many times? Please guide.
@AnkushJain
@AnkushJain 2 года назад
Yes it can be on DA/DP bill. Tenor is decided basis the operating cycle of the borrower. Roll over of BC is not allowed as it is negative/concerning point
@vikasaggarwal1902
@vikasaggarwal1902 2 года назад
@@AnkushJain thanks for the clarification.
@AnkushJain
@AnkushJain 2 года назад
👍
@vikasaggarwal1902
@vikasaggarwal1902 2 года назад
Hi Ankush, could you please guide the difference in the process flow between buyer's credit and Supplier's credit.
@AnkushJain
@AnkushJain 2 года назад
It is lengthy. I will have to make separate video on that
@vikasaggarwal1902
@vikasaggarwal1902 2 года назад
@@AnkushJain request if you could keep this in your list as when you get time. It would be helpful.
@AnkushJain
@AnkushJain 2 года назад
Sure vikas 👍
@vikasaggarwal1902
@vikasaggarwal1902 2 года назад
@@AnkushJain thanks a lot
@AnkushJain
@AnkushJain 2 года назад
👍
@yogeshmaheshwari5992
@yogeshmaheshwari5992 9 месяцев назад
Indian bank ke fcnr aur eefc deposit se bhi loan de sakte foreign bank se funding ku lena
@AnkushJain
@AnkushJain 9 месяцев назад
Yes Aaj kal ye bhi krne LG gye hain
@MONUKUMAR-xu7xg
@MONUKUMAR-xu7xg Год назад
1. Please clarify why Buyers Credit cannot be used for Advance payment to Exporter ? 2. Can we give Buyer Credit without LC or LC limit is mandatory with Buyer Credit ?
@AnkushJain
@AnkushJain Год назад
Buyers credit is working capital cycle based. It results in currency outflow. Since I'm advance payment, there is no confirmation whether goods are dispatched or not, there is high risk of misusing the facility and divert the funds. Buyers credit backed by SBLC can be given without LC being main limit
@MONUKUMAR-xu7xg
@MONUKUMAR-xu7xg Год назад
@@AnkushJain So Borrower will use Cash Credit or Overdraft Limit for making Advance payment to Exporter then is it okay. 2. You mentioned as Main Limit so without LC being Main Limit or sub-Limit, is Buyer Credit possible, if yes then How as we see that Buyers Credit is used to make timely payment to Exporter when he is not able to pay LC on time
@ashishbhargava9333
@ashishbhargava9333 Месяц назад
LC ke case mein bhi bank ko payment karni hi padti hai phir Buyers credit ki facility ka kya fayda…
@AnkushJain
@AnkushJain Месяц назад
LC mein payment borrower krta hai but buyers credit mein bann
@ashishbhargava9333
@ashishbhargava9333 Месяц назад
@@AnkushJain Buyers credit mein bhi Bank collateral leta hai importer say aur LC issuance ke time bhi Bank FD ya Deposit leta hai to dono hi case mein kya difference hua.. Mujhey confusion ho rahi hai..
@AnkushJain
@AnkushJain Месяц назад
@@ashishbhargava9333 difference payment ka hai majorly.. LC ki payment borrower ne krni hoti hai pehle and then supplier ko jati hai.. but buyer credit mein bank pehle payment kr deta hai supplier ko and credit period deta hai borrower ko e.g. 90 days ka then borrower 90 days baad payment kr deta hai bank ko
@ashishbhargava9333
@ashishbhargava9333 Месяц назад
@@AnkushJain Nahi samajh aaya, dono hi case mein Buyer say bank collateral le raha hai.
@reemayadav6329
@reemayadav6329 Год назад
SBLC outstanding agar Stock statement me dikh rha hain to kya iska mtlb client ne default kiya hoga?
@AnkushJain
@AnkushJain Год назад
No it is just outstanding which need to be reduced from dp
@hunnykhatnani817
@hunnykhatnani817 Год назад
Is SBLC sublimit to buyer credit?
@AnkushJain
@AnkushJain Год назад
No. It can be given on its own
@hunnykhatnani817
@hunnykhatnani817 Год назад
@@AnkushJain buyer credit used is to classified in short term borrowing as we do for cc ??
@AnkushJain
@AnkushJain Год назад
Yes if it is for working capital then short term loan like CC limit
@hunnykhatnani817
@hunnykhatnani817 Год назад
@@AnkushJain sir how to check track of SBLC and buyer credit ??
@AnkushJain
@AnkushJain Год назад
You can check from banking or internal reports of the banks. Also can confirm from internal trade department
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