abstract:An advising bank (also known as a notifying bank) advises a beneficiary (exporter) that a letter of credit (L/C) opened by an issuing bank for an applicant (importer) is available. Advising Bank's responsibility is to authenticate the letter of credit issued by the issuer to avoid fraud.
Videos also purportedly showed staff at HDFC Bank and Axis Bankadvising the reporter to set up multiple accounts under different names, among other options.
Indeed, his media advisor--a former editor of a prominent Asian newspaper--should've known better, doing a bit more advising for his free options than simply advising of his bank account details should the site ever take off.
Banco Fator, the investment bankadvising the government on the sale, insists that adequate provision has been made for any remaining bad debts, plus any liabilities for staff pensions, tax arrears and other hidden horrors that often come to light when a Brazilian company is sold.