Bank loan

Government RO approves but does not recommend moratorium on bank loans

The moratorium on bank loans, for bank debtors facing financial problems due to the crisis caused by the war in Ukraine, was promulgated by the Romanian government on June 29. Those who face a 25% increase in expenses have the right to request the moratorium, which allows for the deferral of payments. Finance Minister Adrian […]

Bank loan

Fraudster Offers Bank Loan, Cheats Technician Over ₹1.6 Lakh, Arrested | News from Noida

Image used for representational purposes NOIDA: The UP Special Task Force (STF) cyber cell on Tuesday arrested a man for allegedly deceiving a resident of Noida out of Rs 1.65 lakh on the pretext of giving him a bank loan. The plaintiff, a computer engineer, applied for a loan and received a call from the […]

Bank loan

CRISIL upgrades Pudumjee Paper Products bank credit facility rating; The stock climbs 3.4%

CRISIL Ratings has upgraded its ratings on Pudumjee Paper Products Limited (PPPL) bank loan facilities to ‘CRISIL A/Stable/CRISIL A1’ from ‘CRISIL A-/Positive/CRISIL A2+’. CRISIL Ratings also migrated its rating on PPPL’s ​​fixed deposit program from “FA/Positive” to “CRISIL A-/Positive”, then simultaneously upgraded to “CRISIL A/Stable” from “CRISIL A- /Positive”. According to the rating rationale report, […]

Bank loan

Central Bank of Bahrain decides to stop bank loan deferrals

Bahrain – Bank loan installments will not be postponed beyond June 30, the Central Bank of Bahrain (CBB) has announced. MPs were quick to voice their concerns over the move and urged Cabinet to act urgently to overturn the decision. The CBB followed the recommendations of the Bahrain Banking Association, it said in a circular […]

Bank loan

Everything you need to know about the DHFL Rs 34,000-Crore Scam

India’s banking system, grappling with the problem of rising bad debts, has been hit by another case of bank fraud. This time, the Central Bureau of Investigation (CBI) has accused the promoters of the non-banking finance company – Dewan Housing Finance Limited (DHFL) of defrauding a consortium of 17 banks worth Rs 34,000 crore. The […]

Bank loan

$178.1 million World Bank loan approved to fight malnutrition in the Philippines

The headquarters of the World Bank is seen in Washington, DC on May 25, 2022. (Photo by DANIEL SLIM/AFP via Getty Images) Washington-based multilateral lender, the World Bank, has approved the Philippines’ request for a $178.1 million loan aimed at addressing malnutrition and stunting in the country, its board confirmed on Tuesday. Tuesday, June 22. […]

Bank loan

Snapshot: Regulation of bank lending facilities in Malta

Regulation Equity and liquidity requirements Describe how capital and liquidity requirements affect the structure of bank loan facilities, including the availability of related facilities. Maltese banks are very conservative in their lending practices and in developing more sophisticated loan proposals. This conservatism has been a defining characteristic of Maltese banking since its inception, primarily due […]

Bank loan

$245m World Bank loan to Indian Railways to upgrade logistics infrastructure

Extending its support to India’s railway modernization efforts, the World Bank has approved a $245 million loan to support India’s initiatives to modernize rail freight and logistics infrastructure. The World Bank Rail Project is gaining prominence as recently the national carrier commissioned the bank to carry out an impact analysis of rail network in Indian […]

Bank loan

Snapshot: Regulation of Bank Lending Facilities in the Bahamas

Regulation Equity and liquidity requirements Describe how capital and liquidity requirements affect the structure of bank loan facilities, including the availability of related facilities. Banks licensed in the Bahamas are supervised by the Central Bank of the Bahamas (the Central Bank). The Central Bank requires banks to adhere to the Basel III protocols with respect […]

Bank loan

Railways secure $245m loan from World Bank to cut emissions from logistics project

The World Bank on Thursday approved a $245 million loan for the Rail Logistics Project to help reduce India’s high carbon emissions and low freight modal share in the railways. “The project will help India shift more traffic from road to rail, making transport – both freight and passenger – more efficient, […]

Bank loan

PH secures $178 million loan from World Bank

THE World Bank has approved a $178.1 million loan to support the Philippines’ efforts to fight malnutrition. The Philippines Multi-Sector Nutrition Project will support the delivery of nutrition and health care services at the primary and community care levels to help reduce stunting, the Washington-based multilateral said in a statement Thursday. Nutrition and healthcare services […]

Bank loan

Snapshot: Regulation of bank credit facilities in Poland

Regulation Equity and liquidity requirements Describe how capital and liquidity requirements affect the structure of bank loan facilities, including the availability of related facilities. Capital and liquidity requirements impact the availability and valuation of bank debt financing. The leverage ratio has the effect of reducing the overall loan amount. Regulatory requirements are important factors, but […]

Bank insurance

insurance platforms need to ensure senior management suitability

During at least the initial growth phase of the business, the platform may want at least one person to fill several PCF roles – for example, with a view to minimizing personnel costs. Under the F&P regime, a person is generally permitted to perform more than one PCF role. However, the CBI emphasizes that […]

Bank insurance

Peter Thompson of National Bank Insurance elected President of the Canadian Association of Financial Institutions in Insurance

Peter D. Thompson Canadian Association of Financial Institutions in Insurance On behalf of the CAFII Board of Directors, I would like to thank Chris Lobbezoo for guiding our association through the unprecedented challenges presented by the COVID-19 pandemic over the past two years,” —Peter D. Thompson TORONTO, ONTARIO, CANADA, June 21, 2022 /EINPresswire.com/ — The […]

Bank security

Flagstar Bank security breach exposed personal data of 1.5 million customers to hackers

Would it really be 2022 if we weren’t notified of at least one data breach every week? Unfortunately, no institution is immune to bad actors. Flagstar Bank recently revealed that 1.5 million of its customers were affected by a data breach. The data breach occurred between December 3 and December 4, 2021. Flagstar noted that […]

Bank loan

Romanian FinMin proposes new nine-month moratorium on bank loans

The Romanian Ministry of Finance has published a draft law aimed at enacting a moratorium instrument on bank loans available to debtors, natural and legal persons, facing a 25% drop in income (for companies) or a 25% increase in spending (for individuals) over three months due to the ongoing crisis. Based on their own statements, […]

Bank loan

China: bank loan prime rate unchanged despite economic difficulties

Slow recovery without falling interest ratesChinese banks did not cut one-year and five-year loan concession rates (LPR) today, even though the economy still faces many challenges. Unemployment is the main economic problem, as we expect the service sector to continue to be affected by limited flows of people during the summer holidays. Travelers still fear […]

Bank loan

Maharashtra farmer applies for Rs 6.6 crore bank loan to buy helicopter, says farming is unaffordable

Maharashtra farmer applies for bank loan to buy helicopter Erratic rainfall and drought conditions have made farming unaffordable over the years, he said. PTI, Aurangabad, June 17, 2022, 3:57 p.m. updated: 17 Jun 2022, 15:58 ist Citing that farming had become unaffordable, a 22-year-old farmer from Hingoli, Maharashtra applied for a bank loan of over […]

Bank loan

AB Bank loan scam: HC blasts ACC and cops for failing to make arrests

The High Court yesterday blasted the Anti-Corruption Commission and the police for their failure to arrest all 15 defendants in a case filed for the embezzlement of Tk 176 crore from AB Bank. “We ordered more than six months ago to arrest all the defendants in the case of embezzlement of Tk 176 crore. But […]

Bank loan

More money for tourism businesses under Gov’t/JN Bank loan scheme | New

Tourism Minister Edmund Bartlett said a loan product from the Tourism Enhancement Fund (TEF) to help contractors refurbish small hotels and tourist attractions will be bolstered by additional funds. But he says details will be provided later. The TEF is a government initiative to promote the growth and development of the tourism sector. The current […]

Bank loan

AIB’s agricultural advisory team grows ahead of Ulster Bank loan acquisition

AIB plans to expand its team of agricultural advisers as it prepares to acquire loans worth €4.2 billion from Ulster Bank. In February 2021, Ulster Bank announced its intention to withdraw all banking services in the Republic of Ireland. In April, the Competition and Consumer Protection Commission (CCPC) gave AIB the green light to acquire […]

Bank loan

HDFC Bank loan advances exceed ₹3 trillion in Maharashtra

Mumbai: Private sector lender HDFC Bank said on Friday its total advances in Maharashtra had exceeded ₹3 trillion. As of March 31, 2022, the bank’s advances in the State amounted to ₹3.29 trillion. Total advances include all loans offered by the bank in the state – which include loans to individuals, businesses, small businesses and […]

Bank loan

Delhi Metro Rail Corporation seeks bank loan of Rs 2,700 crore for Express Line | Delhi News

New Delhi: Delhi Metro Rail Corporation (DMRC) has issued a tender to 18 public and private sector banks to raise a loan of Rs 2,700 crore over 15 years, sources said. According to sources, DMRC wrote to these banks, offering to increase the loan for the purchase of the “airport express line assets”, and banks […]

Bank loan

SWISS early terminates its bank loan guaranteed by the Swiss State

Swiss International Air Lines has terminated in advance the bank loan facility which had been 85% guaranteed by the Swiss Confederation, the company announced today. The support was originally due to end in 2025. Lufthansa Group, its parent company, will cover future financing needs through the capital markets. The airline has never used more than […]

Bank loan

ED files charge sheet against 10 people in Rs 77.36-cr bank loan fraud case

The Enforcement Directorate (ED) has filed a complaint against one Gyan Prakash Sarawgi and nine others in a money laundering case related to bank loan fraud. The prosecution complaint was filed in a PMLA Special Court in Ranchi which heard the case on June 3. “The prosecution’s complaint was preceded by […]

Bank loan

Mongolia to improve public services online with $40.7 million World Bank loan

Mongolia will improve its online public services for citizens and businesses, boost digital skills training and increase digital jobs with a major credit from the World Bank. A bank statement on Tuesday said the $40.7 million credit aims to improve Mongolia’s legal and regulatory environment to build trust and cybersecurity in the use of digital […]

Bank loan

‘Chrisley Knows Best’ stars sentenced over bank loan

By Rosie Manins (June 7, 2022, 3:15 p.m. EDT) — The stars of reality TV show ‘Chrisley Knows Best’ were found guilty on Tuesday by a Georgia federal jury of bank fraud and tax evasion at the from a three-week trial in Atlanta. Todd and Julie Chrisley were grim-faced as the verdict was read in […]

Bank security

IBM zSystems solutions bolster security at Siam’s commercial bank

International Commercial Machinery Society IBM recently signed an agreement with Siam Commercial Bank for an undisclosed sum to increase the security of countless digital transactions on its platform and provide improved service to its customers. The collaboration aims to leverage key IBM expertise in delivering a secure and resilient enterprise platform for mission-critical applications and […]

Bank security

IBM zSystems solutions bolster security at Siam Commercial Bank – June 6, 2022

International Commercial Machinery Society (IBM Quick QuoteIBM – Free Report) recently signed an agreement with Siam Commercial Bank for an undisclosed sum to increase the security of countless digital transactions on its platform and provide improved service to its customers. The collaboration aims to leverage key IBM expertise in delivering a secure and resilient enterprise […]

Bank service

Area Food Bank Service Among Recipients of $100,000 in Community Foundation Serving Southwest Virginia Grants | Latest titles

The Community Foundation Serving Western Virginia awarded $100,000 of a private foundation grant to three nonprofit social service organizations in the Roanoke Valley area. Feeding Southwest Virginia (FSV) received $20,000 to support the Community Solutions Center (CSC) meal production training program. FSV, the region’s largest charitable food relief provider, supports food banks in Martinsville and […]