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

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 loan

Snapshot: Regulation of bank loan 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 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 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

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 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 […]

Bank loan

Table Rock Community Bank Lending Office Opens in Crane | Free News

Table Rock Community Bank hosted the grand opening of its new loan production office in Crane. Table Rock Community Bank and the Table Rock Lake Chamber of Commerce celebrated the grand opening of the Table Rock Community Bank loan origination office with members of the public during a ribbon cutting on Thursday, May 19 at […]

Bank loan

Kenya takes 138 billion shillings loan from World Bank in months

Economy Kenya takes 138 billion shillings loan from World Bank in months Tuesday, May 31, 2022 World Bank logo signage. PICTURES | BOWL Kenya took 137.93 billion shillings from the World Bank and rich countries in the four months to April as it rushed to close the budget gap of more than 1 trillion shillings. […]

Bank service

5 key changes to be effective in June

New Delhi | Jagran Business Office: While there are only a few days left for the month of June to kick off, several changes are planned from June 1st related to financial matters. These changes include revisions to bank and insurance rates, LPG cylinder prices and ATF fuel prices. They will have a direct impact […]

Bank service

Axis Bank Service Fee Rise, SBI Home Loan Interest: Key Changes in June

June is less than a week away and, as is the case every month, some new or revised financial rules will also come into effect in June. While some of the changes will take effect on day one, others will take effect later in the month. Some of these rules will also hit the common […]

Bank loan

How to get a bank loan for your small business – and other ways to raise cash

Money is one of the biggest hurdles when starting a business and sometimes a helping hand is needed to finance rising costs or to keep a business afloat. The most traditional way for businesses to fill funding gaps has been to take out a business loan. They allow small businesses to fund day-to-day operations or […]

Bank loan

ED attaches property worth Rs 62.70 cr in bank loan fraud case

New Delhi: The Law Enforcement (ED) Directorate said on Friday that it had issued the Interim Seizure Order for the seizure of immovable property worth Rs 62.70 crore from Nipko Engineering Services Pvt Ltd (NESP ) in a bank fraud case. ED opened money laundering investigation in 2020 based on CBI registered FIR The ED […]

Bank security

The Privy Council examines the presumption of improper influence in the context of the Bank’s security rights – Financial Services

The Board of the Privy Council dismissed an undue influence complaint against a bank regarding a mortgage deed entered into as security for a loan made by the bank: Nature Resorts Ltd v First Citizens Bank Ltd (Trinidad and Tobago) [2022] UKPC 10. This decision will be of greater interest to financial institutions confronted with […]

Bank security

The Privy Council examines the presumption of undue influence in the context of bank security

The Board of the Privy Council dismissed an undue influence complaint against a bank regarding a mortgage deed entered into as security for a loan made by the bank: Nature Resorts Ltd v First Citizens Bank Ltd (Trinidad and Tobago) [2022] UKPC 10. This decision will be of greater interest to financial institutions confronted with […]

Bank loan

Guggenheim Second Quarter 2022 High Yield and bank loan

NEW YORK, May 24, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today released its outlook for high yield and bank lending for the second quarter of 2022. Titled “Despite the gray mood, the skies are only partly cloudy,” the report explores the outlook for credit […]

Bank loan

Guggenheim Outlook for Q2 2022 High Yield and Bank Lending: Despite gray mood, skies… | Your money

NEW YORK, May 24, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today released its outlook for high yield and bank lending for the second quarter of 2022. Titled “Despite the gray mood, the skies are only partly cloudy,” the report explores the outlook for credit […]

Bank loan

Despite the gray atmosphere, the sky is only partly cloudy

This timely report explores the outlook for leveraged credit after the worst quarterly performance on record. NEW YORK, May 24, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today released its outlook for high yield and bank lending for the second quarter of 2022. Titled “Despite […]

Bank loan

Burnley seek new bank loan after relegation

Burnley are seeking a new bank loan following their relegation on Sunday. the Burnleys-owners-seek-loans-help-club-cope-crippling-debt-relegation.html” target=”_blank”>Daily Mail says Burnley recently rejected a loan offered at a relatively modest interest rate of six per cent as they were confident they would stay put. They will now review the loan markets and attempt to refinance on the terms […]

Bank loan

Exim Bank Loan Agreement: Exim Bank Signs $100 Million Loan Agreement with Japanese Banks to Finance Healthcare Projects

The Export-Import (Exim Bank) announced on Monday that it had concluded a loan agreement of 100 million dollars with the Japan Bank for International Cooperation (JBIC), as well as three Japanese private financial institutions MUFG Bank, the Bank of Kyoto and the Hachijuni Bank. – Quad lines Summit. The purpose of the loan is to […]

Bank loan

Bank loan default rate set to rise in eurozone as loan growth slows since peak of pandemic

► Loan losses are expected to rise from 2.2% in 2021 to a peak of 3.9% in 2023, ahead of 2019’s 3.2%, but still modest by historical standards – losses averaged 6% between 2012 and 2019 ► Total eurozone bank lending is expected to grow by 3.7% in 2022 and just 2.9% in 2023 – […]

Bank loan

Allegation: Man lied about being a Navy SEAL to get a bank loan

Hammer with flag Large stock photo A federal grand jury has charged a man with lying about being a Navy SEAL and putting false information in loan documents to a Kentucky bank to get money to start a business. equestrian business. The grand jury indicted Christopher “Rusty” Custer Thursday on two counts of bank fraud […]

Bank loan

The default rate on bank loans is expected to increase in the euro zone

The number of eurozone businesses and households unable to repay their bank loans is set to rise, according to EY’s first European bank lending economic forecast. Loan losses are expected to reach a five-year high of 3.9% in 2023, although they will remain below the previous peak of 8.4% seen in 2013 during the eurozone […]

Bank loan

Bank loan ETFs offer inflation-fighting potential

JThe Federal Reserve is two hikes away from its interest rate tightening cycle, and more – perhaps many, many more – could be on the way with inflation remaining elevated. So bond investors are feeling considerable pain. The widely followed Bloomberg US Aggregate Bond Index is down 10% year-to-date, and one of the most talked […]

Bank loan

AII) raises to meet bank loan terms – The Market Herald

Find out more about this capital increase Be the first with news that moves the market It’s been a week since the brakes have definitely been on capital raisings, which is unsurprising given the overall market downturn. Exceptions, however, include Almonty Industries (AII) which announced that it had raised just under the $4.8 million needed […]

Bank loan

Uncertainty over bank loan deferrals ‘hits businesses’ in Bahrain

Bahrain – Uncertainty over bank loan deferrals has led people to cut back on spending, leading to a slump in business, MPs have claimed. Twenty lawmakers led by Bahrainization Commission Chairman Ebrahim Al Nefaei have urged the Cabinet and the Central Bank of Bahrain (CBB) to postpone loans until the end of the year, saying […]

Bank loan

The European Investment Bank’s largest loan for a railway project

The European Union (EU) to finance and support a project in Cameroon aimed at modernizing a 300 km railway line from Belabo to Ngaoundéré and increasing economic activity. At a previous meeting, it was announced that the European Investment Bank would provide a loan of €106 million and that the EU would provide a grant […]

Bank loan

MCLR traveled; How much will EMIs for home loans and car loans increase?

HDFC Babk MCLR rate increase: India’s largest private sector lender, HDFC Bank, has increased its MCLR across the board, the bank said in a notification. The marginal cost of lending rate, or MCLR, a key point in deciding loan interest, was raised by 25 basis points. Here, it should be noted that a basis point […]

Bank security

Off-duty officer shoots suspected robbers outside Chase Bank, security guard hospitalized

Robbery of armored truck turns into shooting at Chase Bank in North Harris County Authorities say a security guard was hospitalized after suspected thieves targeted an armored car in northern Harris County, where an off-duty officer allegedly fired on them. HOUSTON – Authorities say a security guard was hospitalized after suspected thieves targeted an armored […]

Bank loan

Cameroon obtains $100 million loan from the World Bank to fight food insecurity

(Agence Ecofin) – In Cameroon, 8% of the GDP contribution to the agricultural sector is compromised each year due to the challenges facing the sector, according to the World Bank. This situation has a direct impact on the living conditions of nearly two million inhabitants. Therefore, local authorities try to solve the problems with the […]

Bank loan

Capital Bank loan can save second home buyers thousands

Capital Bank Home Loans, located at 18949 Coastal Highway in Rehoboth Beach, is offering second home buyers in Delaware a new mortgage product that will save them thousands of dollars. Since Fannie Mae and Freddie Mac announced significant increases in second home loan costs on January 5, buyers looking for a conforming loan amount of […]

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 […]

Bank loan

MicroStrategy’s Michael Saylor says “Bank Loan > Bitcoin Bonds” for now

Key ideas: Michael Saylor thinks the market is not ready for Bitcoin-backed bonds. The comment was in context with El Salvador offering $1 billion in Bitcoin bonds. MicroStrategy recently took out a $205 million loan against $850 million of its Bitcoin holdings. El Salvador led the digital asset-based finance revolution last year after making Bitcoin […]

Bank security

A B’nei Brak terrorist entered Israel through the ‘breach’ of the West Bank security fence

The Palestinian terrorist who shot and killed five Israelis on March 29 is believed to have entered Israel through a “breach” in the West Bank security barrier. The Times of Israel (TOI) reported that, according to Channel 12, 27-year-old Diaa Hamarsheh “turned off the car’s license plates and brought with him the M-16 used in […]

Bank loan

Bank Negara Sees Defaults on Bank Loans Reach 4% by End of 2024 on Jobs Shocks | Malaysia

Ringgit notes are seen in this photo taken in Kuala Lumpur on August 4, 2019. – Image by Ahmad Zamzahuri KUALA LUMPUR, March 30 – Bank Negara Malaysia (BNM) has expressed concerns about the financial resilience of certain segments of borrowing households who are highly indebted and have a lower financial buffer, a situation that […]

Bank loan

DRT Chandigarh Available for J&K Bank Loan Cases: GoI to HC – Jammu and Kashmir Latest News | Tourism

Excelsior CorrespondentSRINAGAR, 28th March: The High Court has today been informed that the Debt Recovery Tribunal (DRT) dealing with the Bank Loan case is available for the J&K in Chandigarh so defaulting debtors are free to apply to that court.The divisional bench of Judge Ali Mohammad Magrey and Judge Mohan Lal has closed a batch […]

Bank loan

Sureties will lose property after failing to pay $3m bank loan – DailyNews

Dionne Kanyowa [email protected] Sureties for a local firm, Select Healthcare, are at risk of losing their property after failing to repay a $3.6 million NMB bank loan after agreeing to a settlement plan. Judge Samuel Deme ordered Tafadzwa P and Biggie Magarira to repay the loan and also ordered that their Pomona-based property be seized […]

Bank loan

Bosnian Serb leader denies wrongdoing over bank loan

The current president and Serbian member of the tripartite presidency of Bosnia and Herzegovina, Milorad Dodik, has denied allegations of corruption regarding his purchase of a villa in 2007.Photo: EPA-EFE/SZILARD KOSZTICSAK HUNGARY OUT Bosnian Serb leader Milorad Dodik on Tuesday reiterated his denial of allegations that he received a fictitious loan from a friendly bank […]

Bank loan

ICRA rates bank loan facilities worth Rs473 crore from developers Kolte Patil at ICRA A+

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 insurance

LPL Financial recognized for its technological innovation by the Bank Insurance & Securities Association

LPL Financial Holdings, Inc. CHARLOTTE, NC, March 22, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) announced today that the company has received a 2022 Technology Innovation Award from the Bank Insurance & Securities Association (BISA ) for its exclusive solution, Meeting Director. “The best innovation happens when we listen to our customers and […]

Bank insurance

LPL Financial recognized for its technological innovation by the Bank Insurance & Securities Association | Your money

CHARLOTTE, NC, March 22, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) announced today that the company has received a 2022 Technology Innovation Award from the Bank Insurance & Securities Association (BISA ) for its exclusive solution, Meeting Director. “The best innovation happens when we listen to our customers and create solutions to overcome […]

Bank loan

KCB transforms a 3 billion shilling loan from the National Bank into equity

Companies KCB transforms a 3 billion shilling loan from the National Bank into equity Tuesday, March 22, 2022 Kenya Commercial Bank branch in Nairobi. FILE PHOTO | NMG By CHARLES MWANIKIMore from this author Summary The conversion brings the total equity funding that KCB has invested in NBK to 8.45 billion shillings, having invested 5 […]

Bank security

Turkish brothers exploit bank security loophole to make billions

Two brothers in their twenties were briefly detained by police this week after they allegedly transferred TL 16 billion ($1.08 billion) to each other due to a flaw in a bank’s mobile banking app private. The brothers, identified as RG and EG, were detained but released on bail and their bank accounts frozen. The suspects […]

Bank loan

Man sentenced to eight years in prison for fraudulent bank loan

The Limpopo Specialized Commercial Crimes Court has sentenced a fraudster to eight years in prison for using false documents to secure a R451,000 car loan. The Hawks said Dumisane Jan Mbokodo, 32, applied for a vehicle finance loan online from First National Bank (FNB) through a Toyota dealership in Polokwane, Limpopo. The request was processed, […]

Bank loan

J&K Bank loan case: President Mushtaq Ahmad Shaikh, 18 others arrested

The CBI has booked former J&K Bank chairman Mushtaq Ahmad Shaikh and 18 others for a loss of Rs 800 crore to the bank caused by loans due to REI Agro, which were issued in breach of guidelines, without tangible security and on fake documents, officials said. Besides bank officials, the Central Bureau of […]

Bank loan

Bank loan scam: 7 people’s bail applications rejected : The Tribune India

Legal Correspondent Shimla, March 17 The HP High Court today rejected the bail applications of seven people who were allegedly involved in the Kangra Central Cooperative Bank (KCCB) loan scam. They are said to be involved in a deal of Rs 19.50 crore disbursed as a loan by KCCB to a bogus company, UR Sinter […]

Bank loan

Kenya secures 85 billion shillings loan from World Bank as cost of external debt doubles

Economy Kenya secures 85 billion shillings loan from World Bank as cost of external debt doubles Friday, March 18, 2022 President Uhuru Kenyatta with World Bank Country Director for Kenya, Keith Hansen. PICTURES | PSCU By OTIATO GUGUYUMore from this author Summary The loan is the second tranche granted to the country after the World […]

Bank loan

Investors are slowing their push into bank loan funds

A frantic race for bank loan funds is running out of steam. Investors poured tens of billions of dollars into the funds over the past year, betting that floating-rate debt would help them weather the next wave of interest rate hikes by the US Federal Reserve. Now fears that Russia’s invasion of Ukraine and rising […]

Bank loan

Maha government not allowing CBI to investigate Rs 13k-cr bank loan fraud: Shelar

On Wednesday, BJP MP Ashish Shelar alleged in the Maharashtra Legislative Assembly that various companies had duped nationalized state banks out of Rs 13,043 crore, but the Maha Vikas Aghadi coalition government did not has not authorized the CBI to investigate these matters. After these banks approached the central agency, the agency […]

Bank loan

World Bank loan of $750 million to SA: Madiba’s red line is crossed again

The increasingly warm relationship between South Africa and the Bretton Woods institutions (World Bank and IMF) is probably pushing Nelson Mandela to turn in his grave. The World Bank’s $750 million Development Policy Loan (DPL) to Pretoria in late January signals the red line Madiba took after becoming South Africa’s first democratically elected president in […]

Bank loan

Bangladesh signs $120 million loan agreement with World Bank

The government has signed a $120 million loan agreement with the World Bank Group’s International Development Association (IDA) to implement a “Climate Smart Agriculture and Water Management” project. The Scale-Up Window (SUW) loan, signed on March 15, will be jointly implemented by the Bangladesh Water Development Board (BWDB), the Directorate of Agricultural Extension (DAE) and […]

Bank loan

Mumbai Police Files Fourth FIR Against Talwalkars For Bank Loan Fraud | Bombay News

The Economic Crimes Wing (EOW) of the Mumbai Police has filed a fourth First Information Report (FIR) against Talwalkars – India’s largest chain of gyms and health clubs – for allegedly committing fraud involving the Syrian Catholic Bank up to ₹28.40 crore. The Talwalkars were accused of fraudulently obtaining a loan from the bank and […]

Bank loan

Farmer’s death in Villupuram over bank loan abuse sparks tension – Reuters

By Express press service VILLUPURAM: Furor erupted among farmers in the district on Thursday after a 22-year-old farmer from Devanur village allegedly committed suicide following the humiliation of a private bank staff member for not repaying the loan of tractor due that the deceased man’s brother had contracted. The farmers’ association had demanded Rs 1 […]

Bank loan

Fourth FIR against Talwalkars for bank fraud | Bombay News

Mumbai: The Mumbai Economic Crimes (EOW) Wing of the Mumbai Police has filed a fourth First Information Report (FIR) against Talwalkars – India’s largest chain of gyms and health clubs – for allegedly defrauding the Syrian Catholic Bank of ₹28.40 crore. The Talwalkars are accused of fraudulently obtaining a loan from the bank and using […]