Bank security

West Bank security guard shot dead by Palestinian assailants

Palestinian assailants fired and kill a security guard Friday night at the entrance to a Jewish settlement in the occupied West Bank, according to Israeli doctors. The Israeli army said on Saturday morning that the assailants arrived at the entrance to the Ariel settlement and shot dead the guard at his post. The soldiers then […]

Bank loan

AIB cleared to acquire €4.2 billion loan portfolio from Ulster Bank

AIB HAS BEEN CLEARED to acquire Ulster Bank’s commercial loan portfolio worth €4.2 billion as the latter bank withdraws from Ireland. Ulster Bank is set to withdraw all its banking services from Ireland which, alongside the planned departure of KBC Bank, is creating gaps in the financial landscape. The Competition and Consumer Protection Commission (CCPC) […]

Bank loan

India News | ED Raids in ABG Shipyard Money Laundering and Bank Loan Fraud Case Coverage: Cong

New Delhi, April 27 (PTI) Congress on Wednesday said the ED raids in a money laundering investigation against ABG Shipyard Limited were a “cover up”, alleging the action against the accused had been delayed and now people are deceived by such moves. The Law Enforcement (ED) Directorate raided several premises in Mumbai, Pune and Surat […]

Bank loan

Nigeria secures $200m loan from World Bank for malaria intervention – Arise News

The National Malaria Elimination Program announced on Tuesday that the World Bank is providing a $200 million loan to fund a malaria intervention program in 13 states of the Federation. The national program coordinator, Dr Perpetua Unomoibni, said the World Bank loan was intended to support malaria control efforts in the 13 states not covered […]

Bank loan

Nigeria secured $200m World Bank loan for malaria intervention

The National Malaria Elimination Program said yesterday that the World Bank is providing a $200 million loan to fund a malaria intervention program in 13 states of the Federation. The national program coordinator, Dr Perpetua Unomoibni, said the World Bank loan was intended to support malaria control efforts in the 13 states not covered by […]

Bank loan

15-year bank loan maturity extension plan

Bahrain – Bank loan installments could be extended for up to 15 years to help people cope with the return of monthly deductions. Yesterday MPs unanimously approved an urgent proposal to more than double the maximum number of repayment years from seven. The proposal was presented by five MPs, led by Ammar Qambar. Two weeks […]

Bank loan

FG: Nigeria secured $200m World Bank loan for malaria intervention

• Begins training on vaccine technology • WHO: only 18.7% of the African population is fully vaccinated Onyebuchi Ezigbo The National Malaria Elimination Program said yesterday that the World Bank is providing a $200 million loan to fund a malaria intervention program in 13 states of the Federation. The national program coordinator, Dr Perpetua Unomoibni, […]

Bank loan

Former bank loan officer sentenced to eight months in prison for using fake documents as genuine

On April 26, 2022, 26-year-old Lau Wei Chong Nicholas (“Nicholas”), a former Overseas-Chinese Banking Corporation (“OCBC”) contract bank loan officer, was convicted and sentenced in aggregate to eight months in prison for three account having used as authentic false income documents, which he had certified and submitted with customers’ credit card and loan applications. Another […]

Bank loan

Jail for ex-bank loan officer who helped others get loans after submitting fake documents

SINGAPORE — While working as a contract bank loan officer at OCBC Bank, he helped two clients secure loans after he submitted fake documents for them. Nicholas Lau Wei Chong’s breaches caused OCBC to suffer losses totaling more than $36,000 after the pair failed to make any refunds. But the bank rejected a third customer’s […]

Bank loan

Chukchansi Economic Development Authority repays bank loan

BIG GOLD — The Chukchansi Economic Development Authority (CEDA), operator of the Chukchansi Gold Resort & Casinotoday announced the repayment of the remaining balance of $26.2 million to Western Alliance Bank, which will fully cancel its obligations under its bank loan. Chukchansi Gold’s strong business performance and CEDA’s prudent financial decision-making have resulted in a […]

Bank loan

Ex-RBC executive charged with running $10.5m bank loan program in Toronto

A former RBC business manager has been charged along with three others from the GTA for their alleged involvement in a $10.5 million fraudulent loan scheme. The Serious Fraud Office for Ontario (SFO) laid the charges “following a lengthy investigation” into the multimillion-dollar loan scam, according to a news release on April 22. The SFO […]

Bank loan

bank loan Rising interest: SBI, BoB, Axis, Kotak Mahindra Bank client? Lending rates have increased. Check the impact

Several banks including State Bank of India (SBI), Axis Bank, Bank of Baroda (BoB) and Kotak Mahindra Bank have recently started raising the marginal cost of funds based on lending rate (MCLR) on loans. The Financial Express reported earlier that the SBI had raised the MCLR by 10 basis points to 7.1% after three years. […]

Bank loan

Fluresh Cannabis Bank Loan: Transitioning to the Mainstream – Cannabis and Hemp

United States: Fluresh Cannabis Bank Loan: Moving into the Mainstream April 21, 2022 Brennan Manne & Diamond To print this article, all you need to do is be registered or log in to Mondaq.com. The announcement by Fluresh, a Michigan-based vertically integrated cannabis company, of the closing of federally insured […]

Bank loan

Lebanon nearly $150m loan from World Bank, says economy minister

Lebanon is close to an agreement with the World Bank on a $150 million loan for food security and to stabilize bread prices for the next six months, the country’s economy minister said. Amin Salam said he was “optimistic” about talks with the IMF. “The work is in progress and the train is moving forward. […]

Bank loan

Telangana State Civil Supplies secures 12,000 crore bank loan to pay MSP to rice farmers

Hyderabad: Telangana secured a loan of Rs 12,000 crore from several banks to pay MSP (minimum support price) to farmers for purchasing 60 lakh metric tons of paddy in Rabi. To help farmers sell rabi crops, the state government decided to set up 6,983 paddy supply centers. As a pilot project, the authorities have already […]

Bank loan

CIC obtains 425 million shillings of interest relief on loan from Co-op Bank

Companies CIC obtains 425 million shillings of interest relief on loan from Co-op Bank Tuesday, April 19, 2022 Patrick Nyaga, CEO of the CIC Assurances group. PICTURES | BOWL By CHARLES MWANIKIMore from this author Summary CIC Insurance Group last year secured a moratorium on interest payments on a 3.4 billion shillings loan owed to […]

Bank loan

A World Bank loan to support Bangladesh’s economic growth

Bangladesh and the World Bank have signed a $250 million financing agreement to support the country’s reform efforts to sustain post-pandemic growth and build resilience to future shocks, including climate change. The “Bangladesh First Recovery and Resilience Development Policy Credit” – the first in a series of two credits – will help Bangladesh build a […]

Bank service

What bank customers think of their bank’s service

Consumer NZ’s annual banking customer satisfaction survey, released last weekhad The Co-operative Bank at the top of pop and Westpac was supporting things from the bottom. So how did the seven banks in the survey rate their customers? Details are described below. Note, Consumer NZ says its data comes from a nationally representative survey of […]

Bank loan

Agus-Pulangi Rehabilitation to Get Another $90 Million World Bank Loan

In line with the Philippines’ plan to shift to cleaner and greener energy sources, the World Bank will provide greater financial support for the rehabilitation of the decades-old Agus-Pulangi hydroelectric power station in Mindanao. World Bank documents showed the Washington-based lender recently added to its short-term lending pipeline for the Philippines a new $90 million […]

Bank loan

₹1,245cr Fir On S Kumars bank loan fraud | Bombay News

MUMBAI: The CBI registered a case against S Kumars Nationwide and his promoters including Nitin Kasliwal in a Rs 1,245 crore bank loan fraud case and carried out searches in 13 locations in Maharashtra, Gujarat and West Bengal . CBI said it recovered documents and digital evidence. The agency named 16 defendants, including government officials. […]

Bank loan

1,245cr Bank Loan Fraud Sapin on S Kumars | Bombay News

Mumbai: The CBI registered a case against S Kumars Nationwide and its promoters including Nitin Kasliwal in a Rs 1,245 crore bank loan fraud case and carried out searches in 13 locations in Maharashtra, Gujarat and West Bengal .CBI officers said they recovered documents and digital evidence. The agency named 16 defendants, including government officials. […]

Bank loan

GRM Information Management Transforms Hanmi Bank’s Lending Processes with Digital Document Management Solution | News

GRM Information Management, a leader in enterprise content management, recently implemented a new solution for Hanmi Bank automate and optimize their loan document management processes. Hanmi Bankwhich has thirty-five branches and eight loan origination offices across the country, already recognizes the efficiencies and cost savings enabled by cloud-based loan document lifecycle management software. JERSEY CITY, […]

Bank security

Israel begins engineering work to repair holes along West Bank security fence amid wave of terror

IDF efforts to strengthen the security barrier in the West Bank. Photo: Security Fences and Borders Administration, Israeli Ministry of Defense Israel has begun engineering work to repair holes and other breaches along tens of kilometers of the West Bank security barrier in the “seam line” area, to prevent the illegal entry of Palestinians after […]

Bank security

IDF, Defense Ministry work to fill gaps in West Bank security barrier

The Israel Defense Forces and the Defense Ministry have begun engineering work along the security fence in the West Bank to close the loopholes used by Palestinians to enter Israel illegally, the army says. The army says it is repairing holes for tens of kilometers of the fence and digging trenches to prevent vehicles from […]

Bank loan

GRM Information Management transforms Hanmi Bank’s lending processes with a digital document management solution

GRM Information Management, a leader in enterprise content management, recently implemented a new solution for Hanmi Bank automate and optimize their loan document management processes. Hanmi Bankwhich has thirty-five branches and eight loan origination offices across the country, already recognizes the efficiencies and cost savings enabled by cloud-based loan document lifecycle management software. JERSEY CITY, […]

Bank loan

Kotak Bank: Kotak Mahindra Bank Loan Officer Arrested

Mumbai: A loan officer working with Kotak Mahindra Bank was arrested on Saturday after a Lonavala-based hotelier accused some officials at the lender of cheating and forgery. The arrested individual was identified as Alankar Khare, who was brought before a local court which took him into custody for two days. Lonavala City Police filed a […]

Bank security

Ministers approve NIS 300 million to upgrade section of West Bank security fence

The top security cabinet has approved funding to upgrade a section of the security fence in the West Bank, the prime minister’s office announced on Sunday. According to a statement, ministers voted unanimously to allocate NIS 300 million (about $93 million) to improve a 40-kilometre stretch of the barrier along the so-called seam line. The […]

Bank security

Ministers approve NIS 300 million to expand West Bank security barrier

High Court: PA responsible for terrorism, can be sued by victims of attacks The Israeli High Court says the Palestinian Authority can be held responsible for its controversial policy of paying stipends to security prisoners in Israeli jails and to those killed in clashes with Israelis, including those who died while committing deadly terrorist attacks. […]

Bank loan

Chandannagar Police Book Builder, Wife and Partner in Bank Loan Fraud

Police identified the developer as Girish Ramchandra Kamath of property company Orange Landmarks PUNE Chandannagar Police booked a builder and two others for deceiving three nationalized banks in a loan fraud case estimated to be worth ₹1.57 crores. Police identified the developer as Girish Ramchandra Kamath, his wife Pallav and his partner Avinash Dattatreya Bhadarke […]

Bank loan

ICRA reviews credit ratings of Apollo Pipes bank loan facilities

Prevent unauthorized transactions in your demat/trading account Update your mobile number/email id with your stockbroker/depository participant. Receive transaction information directly from Exchanges to your mobile/email at the end of the day and alerts to your registered mobile for all debits and other major transactions on your demat account directly from NSDL/CDSL on the same […]

Bank loan

Movable assets now authorized as collateral for bank loans

TBS Report April 06, 2022, 3:20 p.m. Last modification: 06 April 2022, 19:51 Representative image. Photo: Collected “> Representative image. Photo: Collected Vehicles, machinery, furniture, electronics, software, agricultural products, minerals, processed fish and livestock – the values ​​of which can be calculated, considered chattels in banking parlance and which do not were not accepted as […]

Bank loan

Palm Coast Council approves $8 million bank loan, its sixth for ongoing stormwater infrastructure repairs

Palm Coast City Council on Tuesday night approved an $8 million bank loan to continue major repairs to the city’s aging flood and stormwater control infrastructure. This is the sixth loan the city will now simultaneously fund through its stormwater budget. The $532,000 annual financing of the latest loan — which will cost the City […]

Bank loan

Bandhan Bank’s Loan Portfolio Grows 16% in Q4; crosses Rs 1 trillion

Kolkata-based Bandhan Bank said on Tuesday that its loan portfolio crossed the Rs 1 lakh crore mark for the first time in January-March 2022, recording a 16 per cent increase from the same period ago a year. The bank’s total loan amounted to Rs 1,01,359 crore in the fourth quarter of FY22. Deposits grew […]

Bank loan

YES Bank Loan Portfolio Grows 8.8% to Rs 1.81 Trillion in FY22

The loan portfolio of YES Bank, a private sector lender, grew by 8.8% to Rs 1.81 trillion in FY22. Retail loan disbursements stood at Rs 10,324 crore in the fourth quarter (Q4FY22), compared to Rs 7,530 crore in Q4FY21. Sequentially, retail credit disbursements increased from Rs 9,313 crore in the third quarter ended December […]

Bank loan

Can bank loan funds provide a hedge against rising rates?

A version of this article previously appeared in the March 2022 issue of ETF MorningstarInvestor. Click here to download a free copy. On January 26, 2022, the Federal Reserve announced that it would likely raise interest rates in March. Stocks and bonds had been in the red since the beginning of the year and the […]

Bank loan

HDFC Bank News: Hdfc Bank Loan Portfolio Grows 21% to ₹13.7l Crore | India Business News

MUMBAI: HDFC Bank’s loan portfolio increased by 20.9% on an annual basis to reach Rs 13.7 lakh crore as of March 31. Given that global loans for the banking sector grew by only 8.5% year-on-year to March 11 to reach Rs 117 lakh crore, figures from HDFC Bank point to a significant gain of market […]

Bank loan

Salter Brothers Agreement, Accor; Centennial Bank Loan for Hilton Project – HOTELSMag.com

Agreement Salter Brothers, Accor: In one of Australia’s largest hotel portfolio management deals in over a decade, Salter Brothers has signed a management agreement in which its hotel portfolio, which was part of the recent acquisition of Travelodge, will join Accor in early FY2023. The deal includes a link to ESG results and will see […]

Bank security

Russian Threat Prompts To Strengthen Banking Security – BizWest

The hacking of Russian-based financial institutions may not have reached the volume many feared before the war in Ukraine began, but that doesn’t mean people are letting their guard down. Scott Warner “Attacks have increased every year,” especially over the past five years, said Scott Warner, president of connection point of Greeley and Chairman of […]

Bank loan

World Bank loan to help Bangladesh sustain post-Covid growth

The World Bank has approved $250 million in financing to help Bangladesh strengthen its policies to support post-pandemic growth and build resilience to future shocks. Bangladesh’s first Recovery and Resilience Development Policy Credit – the first in a two-credit series – supports fiscal and financial policies aimed at strengthening macroeconomic stability and supporting growth. It […]

Bank loan

$320 million loan from the World Bank to promote green agriculture and rural development in southwest China

The World Bank’s Board of Directors today approved a $320 million loan to promote green agriculture and rural development in China’s southwest region. This support will contribute to global public goods, including reducing agricultural plastic pollution and greenhouse gas (GHG) emissions from agriculture, and improving the protection and restoration of biodiversity, while strengthening the institutional […]