RBI — buyers credit

Address:

400104

This is CA Ashish Kankani from Mumbai, a Financial Consultant. I used to arrange Trade Finance like buyers credit for importers at very competitive rate.

I just want to know when buyers credit funding would commence... i mean LOU Funding..All importers are stuck up because of high cost of debt...Also opening LC and availing suppliers credit is also a very tedious task... You can't punish the whole importer community at a large just because of fraud of one person..Pls strengthen the system but start once again buyers credit asap...

Waiting for your prompt response...