Bank loan

Cocoa and plantain farmers secure N2.5 billion bank loan

Posted January 31, 2022 The Cocoa and Plantain Farmers Association of Nigeria said it secured a N2.5 billion loan for its members from a commercial bank to support their farming ventures. The national chairman of the association, Mr. Ayodele Ojo revealed this while celebrating the group’s second anniversary in Akure, the capital of Ondo State, […]

Bank loan

South Africa seeking World Bank loan for second time since 1994

The South African government is in talks with the World Bank to secure additional funding, according to people familiar with the talks. The state is seeking at least $800 million as it considers ways to fund the likely extension of a Covid-19 relief grant set to expire in March, said the people who asked not […]

Bank loan

SA seeks World Bank loan for second time since 1994

The South African government is in talks with the World Bank to secure additional funding, according to people familiar with the talks. The state is seeking at least $800m (~R12.5bn) as it considers ways to fund the likely extension of a Covid-19 relief grant due to expire in March, officials said. people who asked not […]

Bank loan

Gwent felon with 49 offenses spent £50,000 Covid Bounce bank loan on Class A drugs

A felon with 49 offenses on his rap sheet was given a £50,000 Covid rebound loan and blew the lot on Class A drugs Louis Maxwell, 35, claimed under Rishi Sunak’s Bounce Back Loan scheme Serial con artist Maxwell has spent less than half the money – £22,000 – on a new lorry Maxwell, from […]

Bank loan

Odisha EOW arrests two bankers, intermediary

The Economic Offenses Wing (EOW) of the state’s crime branch has arrested two officers of a nationalized bank in addition to a middleman for carrying out loan fraud of Rs 3.68 crore. The defendants – former managing director Birendra Kumar Pattanayak and field officer Narendra Nayak of the Bapuji Nagar branch of the National Bank […]

Bank security

West Bank security ‘approaching boiling point’ – Middle East Monitor

The security situation in the occupied West Bank is “close to boiling point” due to the “weakness of the Palestinian Authority”, Israel’s Institute for National Security Studies (INSS) said in a statement. report released on Monday. This weakness, he added, stems from the “united opposition” of factions, as well as “street gangs”. According to the […]

Bank loan

Montenegro repays second installment of Chinese Exim Bank loan

PODGORICA (Montenegro), Jan 24 (SeeNews) – Montenegro has repaid the second installment of a loan granted by Chinese bank Exim for the construction of the Bar-Boljare highway, the country’s finance ministry has announced. The government paid 28.96 million euros ($32.8 million) of the second tranche of the loan, realizing savings worth 5.15 million euros, due […]

Bank loan

world bank: ₹1,000cr World Bank loan to expand state social programs | Kolkata News

KOLKATA: The World Bank has approved a $125 million (about Rs 1,000 crore) loan to Bengal to expand coverage of about 400 state-run social schemes, especially direct cash transfers targeted at vulnerable sections , over the next four years. The Bank said a recent survey found that while food and in-kind transfers reached most poor […]

Bank loan

world bank: 1,000cr loan from the World Bank to expand state social programs | Kolkata News

Kolkata: The World Bank has approved a $125 million (about Rs 1,000 crore) loan to Bengal to expand coverage of about 400 state-run social schemes, especially direct cash transfers to sections vulnerable over the next four years.The Bank said a recent survey found that while food and in-kind transfers reached most poor and vulnerable households […]

Bank loan

Rs 1k cr loan from World Bank to Government of Bengal to help social sector programs

Kolkata: The World Bank has approved a $125m (about Rs 1,000 crore) loan to the government of West Bengal for inclusive social protection in what appears to be a major acknowledgment of Chief Minister Mamata Banerjee’s social pension schemes for groups vulnerable in society. On Saturday, the state government said: “The foresight of the Honorable […]

Bank loan

South Africa secures $750 million World Bank loan to support COVID…

(Add details) CAPE TOWN, Jan 21 (Reuters) – The World Bank has approved a $750 million loan to South Africa related to COVID-19, aimed at helping protect the poor and support economic recovery from the pandemic, the National Treasury announced on Friday. The continent’s second-largest economy, South Africa has been hit hard by four waves […]

Bank loan

SA to secure $750m loan from World Bank to boost economic recovery

Marie Françoise Marie-Nelly, the World Bank’s director for South Africa, said the loan would relieve “the effects of the most severe economic crisis that South Africa has experienced in the past 90 years, while tackling long-standing challenges to growth and development”. Image: Provided The World Bank announced Friday morning that it had approved South Africa’s […]

Bank loan

Millions could be denied mortgages due to new bank lending ban

People currently receiving Universal Credit and State Pension are warned of new payment bans introduced by some banks. Some lenders are refusing to give mortgages to benefit recipients because they won’t allow them to use their Universal Credit or state pension money, Manchester Evening News reports. This means they face limited choice and may find […]

Bank loan

The third wave of Covid has yet to derail bank loan collections

Bombay : Bounce rates or defaults on equivalent monthly payments have not deteriorated so far in January as most borrowers are paying their dues on time, banks and nonbank lenders said. The trend indicates that borrower incomes have been isolated so far from the third wave of the pandemic, unlike what was seen in the […]

Bank loan

Winsted joins CT Green Bank loan program

WINSTED — Business owners can now apply for Connecticut Green Bank loans, offered through the Commercial Property Assessed Clean Energy program, or C-Pace. City Manager Josh Kelly on Tuesday asked the Board of Selectmen to approve participation in the fundraising effort to give local retail, industrial and manufacturing businesses the opportunity to apply. Money from […]

Bank loan

Bank loan fraud: ED arrests chief executive of Hyderabad company

The promoter and managing director of a Hyderabad-based company has been arrested under the anti-money laundering law in connection with a bank loan fraud of Rs 402 crore, where a consortium of public sector banks allegedly been cheated, the Enforcement Branch (ED) said Tuesday. Avasarala Venkateswara Rao of Servomax India Private Limited (SIPL) was arrested […]

Bank loan

Bank Loan Fraud: Enforcement Directorate Arrests Managing Director of Hyderabad Company

The promoter and managing director of a Hyderabad-based company has been arrested under the anti-money laundering law in connection with a bank loan fraud of Rs 402 crore, where a consortium of public sector banks allegedly been cheated, the Enforcement Branch (ED) said Tuesday. Avasarala Venkateswara Rao of Servomax India Private Limited […]

Bank loan

‘Masters of our own destiny’: Shelton officials say $5m bank loan will save town money

SHELTON — The city is saving significant money by using banks rather than getting sureties to take out short-term loans, city officials say. The Board of Aldermen, at its meeting last month, voted to approve borrowing just over $5 million from Newtown Savings Bank at a rate of 0.55% for a 5-year term. . According […]

Bank loan

PM considering bank loan scheme with price cap set at £2,400

Saturday January 15, 2022 2:00 p.m. The government is reportedly considering plans to smooth an expected rise in energy bill costs this year. The government is said to have considered proposals for bank loans to smooth out a rise in the cost of energy bills expected this year. The latest projections suggest households could face […]

Bank loan

UK mulls bank loan scheme to smooth energy costs – BBC

Flames rise from a domestic gas ring of a furnace in Durham, Britain September 23, 2021. REUTERS/Lee Smith Join now for FREE unlimited access to Reuters.com Register LONDON, Jan 15 (Reuters) – The British government is considering plans to mitigate the sharp rise in energy costs that are expected to hit households in April, the […]

Bank loan

Questions about bank loans are ‘invasive’ | RNZ News

First published on Through Wyatt Ryder Other stories emerged detailing the effects of tough new loan changes, including a woman who was asked about her social life, work and spending down to the dollar. Loan applicant: “Every transaction has been analyzed and questioned.” Photo: 123RF Changes to the law on credit agreements and consumer credit […]

Bank loan

Questions about bank loans are ‘invasive’ | Otago Daily Times News Online

Other stories emerged detailing the effects of tough new loan changes, including a woman who was asked about her social life, work and spending down to the dollar. Changes to the law on credit agreements and consumer credit came into force in early December, requiring banks to analyze the spending habits of applicants before approving […]

Bank loan

Two loan brokers and a bank loan officer charged with bank fraud | USAO-MA

BOSTON – Three men were charged yesterday and have agreed to plead guilty in a scheme to defraud a Massachusetts-based bank and the U.S. Small Business Administration (SBA). Ted Capodilupo, 56, of South Easton; Joseph Masci, 70, of Boston; and Brian Ferris, 43, of Braintree, were each charged with one count of conspiracy to commit […]

Bank security

Banking security breaches expose customers to scammers

Consumer group Which? discovered flaws in online banking security systems that could expose customers to fraud, with some banks not using the latest protections for their websites and allowing users to set insecure passwords. With internet banking fraud cases up 97% in the first half of 2021, the consumer champion fears that too many banks […]

Bank loan

CCPC urged to impose conditions on PTSB’s purchase of Ulster Bank’s loan book

The state’s competition authority should force Permanent TSB (PTSB) to stop charging different interest rates for new and existing mortgage customers and imposing higher costs on top-up loans, before it agrees. allow the bank’s planned purchase of a large part of Ulster Bank’s loan portfolio, according to a leading consumer advocate. Brendan Burgess, founder of […]

Bank insurance

Berkshire Hathaway, bank, insurance stocks hit record highs as homebuilder stocks and bitcoin slump

Yahoo Finance’s Jared Blikre discusses insurance, banking and Berkshire-related stocks hitting record highs today as homebuilder stocks tumble and bitcoin extends losses. Video transcript KARINA MITCHELL: Now we’re going to talk about what moves the markets, and we’ll bring our Jared Blikre in with more on that, starting with insurance stocks and banking stocks and […]

Bank loan

Black Sea Bank loan to support Energean’s Epsilon field at Prinos in Greece

The Black Sea Trade and Development Bank (BSTDB) is providing a loan of up to €90.5 million to Energean Oil and Gas, the Greek oil and gas producer said on January 4. According to Energean, the proceeds will finance Energean’s capital plans – including the development of the Epsilon and Prinos fields – and will […]

Bank loan

CBI hands over two companies for alleged bank loan fraud

The CBI has registered separate bank fraud cases against two private companies involving loans of over ₹900 crore. In the first instance, the agency hired LEEL Electricals Limited and its directors for allegedly causing a loss of ₹307.10 crore to the SBI. The loan account was declared NPA in March 2019 and reported as fraud […]

Bank loan

HDFC Bank Loan Portfolio Grows 16.4% to Rs 12.6 Trillion in December Quarter

The loan portfolio of the country’s largest private lender, HDFC Bank, increased by 16.4% year-on-year (YOY) to Rs 12.6 trillion as of December 31, 2021 (Q3FY22) from 10, 82 trillion rupees a year ago. Sequentially, its advances increased by 5.1% from 11.98 billion rupees in September 2020 (Q2FY22). Commercial banks in India, […]

Bank loan

Bank loan fraud: ED attaches Rs 26-cr assets of Gujarat company, promoters

The Law Enforcement (ED) Directorate said on Monday that it had seized assets worth more than Rs 26 crore from a Vodadara-based company in a money laundering investigation linked to an alleged bank loan fraud of around Rs 2,654 crore. The properties provisionally seized under the Prevention of Money Laundering Act (PMLA) belong to Diamond […]

Bank loan

Cbi Books City Firm for 44cr bank loan fraud | Hyderabad News

HYDERABAD: The Central Bureau of Investigation has taken action against Hyderabad-based Vijaya Aero Blocks Private Limited in connection with a 44.60 crore loan fraud. The company, which manufactures cement bricks, had taken out loans from the Bank of Baroda but failed to repay them. The CBI named promoters – Narra Kumar Prasanna, Chigurupati Ram Prasad, […]