Bank loan

A strong credit market shapes the default outlook

Several factors suggest that the next default cycle could be more idiosyncratic and credit-specific, spanning multiple sectors NEW YORK, Nov. 21, 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 fourth quarter of 2022. Titled […]

Bank loan

ED Files Charge Sheet In Rs 23.73 Cr Bank Loan Fraud Case

New Delhi: Enforcement Enforcement (ED) on Monday filed an indictment against AGS Infotech Private Limited and its director G. Dhananjaya Reddy at a PMLA special court in Bengaluru in a bank loan fraud case of Rs 23.73 crore allegedly committed by the company and its directors. The court heard the prosecution’s complaint and set the […]

Bank loan

ED files cost sheet in Rs 23.73 cr bank loan fraud case

New Delhi, 7th November Enforcement Enforcement (ED) on Monday filed an indictment against AGS Infotech Private Limited and its Director G. Dhananjaya Reddy at a PMLA Special Court in Bengaluru in a bank loan fraud case of Rs 23.73 crore allegedly committed by the company and its executives. The court heard the prosecution’s complaint and […]

Bank loan

Development of Fellow Bank’s loan and deposit portfolio in October

FELLOW BANK PLC PRESS RELEASE 7.11.2022 To 4:00 p.m. ET In October 2022, Fellow Bank provided funding worth €27.4 million. The loan portfolio totals €148.5 million and deposits totaled €262.2 million at the end of the month. Fellow Bank, which focuses on easy-to-use digital service channels, currently offers flexible financial services for SMEs and individuals, […]

Bank loan

Size of UnionDigital Bank’s loan book at $80 million

SINGAPORE—Four months after its commercial launch, Aboitiz Group’s UnionDigital Bank Inc. (UDB) has acquired 1.7 million customers with a $50 million deposit portfolio and $80 million loan portfolio. In an interview with reporters at the Singapore Fintech Festival, UDB Chief Revenue Officer Mark Singh called the first half of business operations “remarkable”. Singh said the […]

Bank loan

Kenya Airways posts losses as strain on $841.6m bank loans mounts |

Reports from our neighbors reveal that Kenya Airways has defaulted on an $841.6 million loan from the American Exim Bank to purchase aircraft, the National Treasury has said. According to the latest annual debt management report (financial year 2021/2022), the loss-making national carrier obtained the loan with a guarantee from the national government but did […]

Bank loan

CBI arrests director of pvt company in Rs 1,530.99 cr bank loan fraud case

The Central Bureau of Investigation (CBI) on Friday arrested the director of a private company based in Ludhiana in an ongoing investigation into a case related to an alleged bank fraud of Rs 1,530.99 crore, said a manager. The accused was identified as Neeraj Saluja, director of SEL Textiles Ltd. The CBI had registered […]

Bank loan

Sri Lankan state-owned Litro Gas set to settle World Bank loan by December

ECONOMYNEXT – Shares in Sri Lanka tumbled Thursday to their lowest level in three and a half months, dragged down by index heavyweights as investors awaited guidance on local debt restructuring and the IMF, brokers said. “Investor sentiment has shaken as they await guidance on local debt restructuring and IMF deal,” one analyst said. However, […]

Bank loan

Axis Bank’s Emi loan set to rise as lender raises interest rates by 25 basis points

By CNBCTV18.com October 18, 2022, 12:25 p.m. STI (Update) mini The move comes after the Reserve Bank of India (RBI) raised its benchmark policy rates by 50 basis points last month to rein in headline inflation. With this rise in repo rates and the three previous increases, overall lending rates jumped at least 190 basis […]

Bank loan

Postal banking takes a step forward in Canada with TD Bank loan program

The news: TD Bank has launched a new program that will Canadian post office users to obtain a small loan of up to $30,000. Canada Post gets an upgrade: The MyMoney program is launched after a success pilot which started last year. It currently operates in 6,000 post offices across the country. Borrowers can access […]

Bank loan

Nirav Modi Extradition Appeal Punjab National Bank Loan Scam Case UK High Court Reserves Judgment

New Delhi: A British court on Wednesday reserved judgment in Nirav Modi’s extradition appeal after a two-day hearing and said the verdict in the case would be delivered “as soon as possible”, given that the wanted diamond dealer was in jail. a “state of limbo” as he remains incarcerated in a prison here. On the […]

Bank loan

My brother faces jail in Qatar for a bank loan – I’m afraid I’ll never see him again

A Scot whose brother is at risk of being imprisoned in a Qatari prison has told how he fears he will never see him again. John Glendinning’s brother Brian was arrested in Iraq after an Interpol Red Notice was sent to him by Qatar. 3 Brian faces jail in QatarCredit: GoFundMe 3 John (left) fights […]

Bank loan

Ghana was the first African country to receive a loan from the World Bank

(LR) Ato Forson, Collins Adomako Mensah, Pierre Laporte and Kwaku Kwarteng at the event. Some 65 years ago, in 1957, Ghana became the first country in sub-Saharan Africa to receive a loan from the World Bank. The loan was used for the construction of the country’s first hydroelectric dam at Akosombo. The World Bank has […]

Bank loan

Expansion of Fellow Bank’s loan and deposit portfolio in September

FELLOW BANK PLC PRESS RELEASE 7.10.2022 To 12:20 p.m. EST In September 2022, Fellow Bank provided funding worth €29.0 million. The loan portfolio totals €141.3 million and deposits totaled €265.0 million at the end of the month. In September, Fellow Bank and Talenom informed that they have signed a cooperation agreement regarding the offer of […]

Bank loan

Access bank loan, payday loan and personal loan application codes

Looking to get a loan from Access Bank? Then find out how to use Access Bank payday loan and personal loan application codes in this article.Access to bank loan Access Bank recently launched a special USSD code that allows its customers to access instant loans. Using this code, you can take out a payday or […]

Bank loan

Macrotech developers: Macrotech aims to repay Yes Bank loan 5 months ahead of schedule

Mumbai: Lodha Developers, now known as Macrotech Developers, has offered to repay a high-cost loan of ₹125 crore from Yes Bank five months ahead of schedule. The property developer raised ₹625 crore secured bonds from Yes Bank in February 2018 at 12.5% ​​payable quarterly for five years. According to a stock market statement. The ₹125 […]

Bank loan

How buying a puppy led to a 134% interest ‘Rent-a-Bank’ loan – NBC4 Washington

It was love at first sight. Kaleigh Clemmons walked into a pet store in Virginia and knew she had to have a 12-week-old Australian Shepherd she would name Arlo. She applied for a loan on the spot, accepting $5,000 with an interest rate of 24%. She then signed the contract, which was emailed to her […]

Bank loan

States to secure $750m W’Bank loan in December

Nigerian states are to secure the first tranche of a $750 million loan from the World Bank by December 2022, The punch has learned. In the State Action on Business Enabling Reforms final report, which is available on the World Bank website, it was revealed that around $0.5-4 million would be disbursed to Nigerian states […]

Bank loan

Investors are betting big on bank loan funds. Now come the credit issues

Amid concerns about rising inflation, investors poured unprecedented flows into bank loan funds. Now they are withdrawing some of that money due to concerns about credit quality and the risk of increased defaults. In 2021 and through April this year, Moningstar’s $117 billion bank lending peer group funds took in $70 billion net, or nearly […]

Bank loan

Bank lending software market is booming worldwide: Fiserv, Floify, Abrigo, SimpleNexus, LendingPad

This press release was originally distributed by SBWire New Jersey, USA – (SBWIRE) – 09/24/2022 – Advance Market Analytics has published a new research publication on “Bank Loan Software Market Insights, to 2027” with 232 pages and enriched with self-contained tables and graphs. explained in a presentable format. In the study, you will find new […]

Bank loan

ABG Shipyard developer detained in Rs 22,842 cr bank loan fraud

NEW DELHI: In the latest development of the Rs 22,842 crore fraud allegedly committed by ABG Shipyard company, the Central Bureau of Investigation has arrested its promoter Rishi Kamlesh Agarwal. He will appear in the Rouse Avenue court in Delhi on Thursday. The CBI will request his custody for two weeks. The CBI had recently […]

Bank loan

BANK LOAN – Who is required to pay on departure of borrowers

Who will pay the loan if the borrower dies? It’s a question everyone asks. As in a common discussion with an ordinary man, we are all confused from the beginning and not yet clear. No rule applies to everyone. So different types of loans have different types of tracking. Let’s take a look at some […]

Bank loan

$150 million World Bank loan to Punjab to improve financial management and provide better services to citizens

WASHINGTON, September 19, 2022 – The World Bank Board of Directors today approved a $150 million loan to the state of Punjab in northern India to help the state better manage its financial resources and improve access to public services. The Punjab: Building Fiscal and Institutional Resilience Program will support the state’s efforts to build […]

Bank loan

Eskom expects $476m loan decision from World Bank by November

CAPE TOWN, September 16 (Reuters) – South Africa’s power utility Eskom is expecting a final decision on a new $476 million loan from the World Bank to turn its coal-fired Komati power station into a renewable power plant ahead of November’s COP27 climate summit, chief executive Andre de Ruyter said. said Friday. The money will […]

Bank loan

Eskom expects $476 million loan decision from World Bank by November

CAPE TOWN, September 16 (Reuters) – South Africa’s power utility Eskom is expecting a final decision on a new $476 million loan from the World Bank to turn its coal-fired Komati power station into a renewable power plant ahead of November’s COP27 climate summit, chief executive Andre de Ruyter said. said Friday. The money will […]

Bank loan

Former YSRCP MP Kothapalli Geetha arrested by CBI in bank loan fraud case

The arrest follows a CBI court conviction of Geetha, her husband and two others for allegedly deceiving a bank to obtain a loan of Rs 25 crore in 2009. Former Lok Sabha member Kothapalli Geetha was arrested on Wednesday September 14 by the CBI in Hyderabad in connection with a bank loan fraud case. The […]

Bank loan

More than 300 companies apply for interest subsidy program on bank loans

A total of 318 businesses have so far applied for the bank loan interest subsidy scheme that the government recently launched under the COVID-19 financial relief package for businesses, according to the latest data from the Development Office. economic and technological (DSEDT) . By the end of August, the office had approved 50 applications, with […]

Bank loan

Bank loan growth dampened by interest rates and rising fuel prices

TEMPO.CO, Jakarta – Bank Mandiri’s team of economists estimates that the growth of bank lending in Indonesia in 2022 will not reach double digits, mainly due to the impact of inflation and the rising trend of Bank Indonesia (BI) benchmark interest rates. Dendi Ramdani, director of industry and regional research at Bank Mandiri, said credit […]

Bank loan

Asimov Robotics sent a robot to receive a loan from the Federal Bank — Quartz India

In India, receiving a loan sanction from any bank is often a time of relief and joy for the applicant. On September 07, it was the turn of Asimov Robotics, based in Kochi. “It is such a great privilege to receive the financial assistance…on behalf of Asimov Robotics. With this, Federal Bank has proven once […]

Bank loan

A robot wearing a sari received a loan sanction letter from an Indian bank

In India, receiving a loan sanction from any bank is often a time of relief and joy for the applicant. On September 07, it was the turn of Asimov Robotics, based in Kochi. “It is such a great privilege to receive the financial assistance…on behalf of Asimov Robotics. With this, Federal Bank has proven once […]

Bank loan

Asimov Robotics sent a robot to receive a loan from the Federal Bank

In India, receiving a loan sanction from any bank is often a time of relief and joy for the applicant. On September 07, it was the turn of Asimov Robotics, based in Kochi. “It is such a great privilege to receive the financial assistance…on behalf of Asimov Robotics. With this, Federal Bank has proven once […]

Bank loan

Development of Fellow Bank’s loan and deposit portfolio in August

FELLOW BANK PLC PRESS RELEASE 7.9.2022 To 10:00 a.m. EST In August 2022, Fellow Bank provided funding worth €27.1 million. The loan portfolio totals €134.5 million and deposits totaled €271.0 million at the end of the month. Fellow Bank, which focuses on easy-to-use digital service channels, currently offers flexible financial services for SMEs and individuals, […]

Bank loan

Hdfc Bank Emi loan could rise as lender raises interest rates

By CNBCTV18.com Sep 07, 2022, 4:04 PM IST (Released) mini A hike in the MCLR rate means higher interest on loans for new and existing borrowers, including EMIs for home loans, car loans and any other marginal cost loans. HDFC Bank has increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points […]

Bank loan

PH Renewables secures bank loan for solar project

PH Renewables Inc. (PHRI), a joint venture between MGen Renewable Energy Inc. (MGreen) and Mitsui & Co. subsidiary Mit-Renewables Philippine Corp. (Mit-Renewables), secured a 2.65 billion peso bank loan to finance the ongoing construction of its 75 megawatt (MW) solar project in Baras, Rizal. The 15-year term project financing facility was secured from Rizal Commercial […]

Bank loan

Adopt the amicable recovery of bank credits

Editorials Adopt the amicable recovery of bank credits Thursday 01 September 2022 Business loan concept. FILE PHOTO | NMG It is encouraging to see that commercial banks are adopting alternative means of debt collection instead of forcible seizure and auctioning of the properties of defaulting debtors. Asset repossessions and painful auctions often cause animosity and […]

Bank loan

FIF – EaP SMEC – ACBA II bank loan

Project description Senior unsecured loan to ACBA Bank for up to $7 million for SME financing under the SME Competitiveness Program under the EAP (“SME Competitiveness Program”). the project’s objectives The project will enable ACBA to finance long-term investments by Armenian MSMEs in upgrading […]

Bank loan

Prison for an offender who helped a man obtain a bank loan by submitting false payslips

SINGAPORE — A man gave his friend fake payslips, which were then used to illegally obtain a nearly $13,000 loan from Citibank. Ng Jia Hao, 26, was sentenced to nine months in prison on Wednesday August 31 after admitting to being part of a plot with at least three other men to cheat the bank. […]

Bank loan

Nepal: Climate activists take to the streets against World Bank loan to GRID initiative – myRepublica

KATHMANDU, August 31: A group of climate activists gathered today in Maitighar Mandala to protest against the World Bank’s climate loan under the Green, Resilient and Inclusive Development (GRID) initiative. This comes two days after Nepal and the World Bank (WB) signed a controversial US$100 million (Rs 12.7 billion) concessional financing agreement for the GRID […]

Bank loan

bank lending: July 2022 Bank Lending Data Release: Here’s a Summary of Changing Credit Trends

Banks’ non-food credit rose 15.1% in July from 5.1% a year ago, according to data released by the Reserve Bank of India (RBI). The dataset, Bank Credit Sector Rollout for July 2022, was released by RBI on Tuesday. Lending to agriculture and related activities rose 13.2% in July 2022 from 11.1% a year ago, it […]

Bank loan

How to get a bank loan for your business

How to get a bank loan for your business Starting a new business, growing an existing business, and improving cash flow are some of the reasons you might apply for a business loan. Read our guide on your options and how to ensure your application is accepted. Reasons to take out a business loan There […]

Bank loan

AIB seeks competitive clearance for final deal on Ulster Bank loan book

AIB has formally sought clearance from the Competition and Consumer Protection Commission (CCPC) for its acquisition of Ulster Bank’s successful follow-on mortgage portfolio. he deal for the €5.7 billion loan portfolio, completed on June 1, is the latest in a series of deals prompted by the impending departures of Ulster and KBC from the Irish […]

Bank loan

Defaults on bank loans exceed half a trillion for the first time

Capital markets Defaults on bank loans exceed half a trillion for the first time Thursday, August 25, 2022 Central Bank of Kenya. FILE PHOTO | NMG Defaults on bank loans crossed the 500 billion shillings mark for the first time, forcing thousands of borrowers to foreclose on their assets in an economy hit by reduced […]

Bank loan

Guggenheim Third Quarter 2022 High Yield and Bank Lending Outlook: Credit Yields Look Attractive… | New

We offer guidance on what investors can expect as the recession approaches, as well as ways to prepare. NEW YORK, Aug. 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 third quarter 2022. Titled […]

Bank loan

Guggenheim Third Quarter 2022 High Yield and bank loan

We offer guidance on what investors can expect as the recession approaches, as well as ways to prepare. NEW YORK, Aug. 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 third quarter 2022. Titled […]

Bank loan

Credit yields look attractive despite rising recession risks

We offer guidance on what investors can expect as the recession approaches, as well as ways to prepare. NEW YORK, Aug. 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 third quarter 2022. Titled […]

Bank loan

Ex-real estate director sentenced to 20 years in prison in bank loan scandal

Thailand’s Central Criminal Court for Corruption and Misconduct Sentenced former top real estate company executive Krisda Mahanakorn, Wichai Krisdathanon, his son Ratchada and four others to 20 years in prison today (Friday) , after convicting them of money laundering in connection with the 9.9 billion baht loan from state-owned bank Krungthai. The case dates back […]

Bank loan

Loan Protection: Are you taking out a bank loan? Take out loan insurance.. Do you know how to do it.. SEXI News

If the borrower of a personal loan or home loan loses their job, dies, or for some reason finds it difficult to repay the monthly loan payments, loan protection insurance is useful in these difficult times. Condition.. It is also called loan insurance in common parlance. If you take out insurance together while taking out […]

Bank loan

Bank Loan Exemption, Example of Freebie Culture: Congress

Why were bank loans worth ₹5.8 lakh crore written off and why corporate tax worth ₹1.45 lakh crore was reduced, asks the door -Congress speaker Gourav Vallabh Why were bank loans worth ₹5.8 lakh crore written off and why corporate tax worth ₹1.45 lakh crore was reduced, asks the door -Congress speaker Gourav Vallabh The […]

Bank loan

Bank Loan Exemption, Example of “Gift” Culture: Congress

Why were bank loans worth ₹5.8 lakh crore written off and corporate tax worth ₹1.45 lakh crore reduced, asks the door -Congress speaker Gourav Vallabh Why were bank loans worth ₹5.8 lakh crore written off and corporate tax worth ₹1.45 lakh crore reduced, asks the door -Congress speaker Gourav Vallabh The cancellation of bank loans […]

Bank loan

Lebanon only has one month to start implementing World Bank loan

The Minister of Economy and Trade of the interim government, Amin Salam, participated in the session of the Finance and Budget Committee in Nejmeh Square. During the session, he noted that he had had a review session with the Committee regarding the World Bank emergency loan for wheat supply, the implementation of which has been […]

Bank loan

Mike Jones Joins Capital City Bank Loan Origination Office in Lawrenceville | New

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Bank loan

FIF – EaP SMEC – Bank loan TBC II

Project description Senior unsecured loan in the amount of up to USD 20 million equivalent in GEL to be provided to TBC Bank to support investment financing of micro, small and medium enterprises (“MSMEs”) in Georgia and promote standards in the market under the Eastern Partnership SME Competitiveness […]

Bank loan

ED attaches Rs 40 crore assets to Bengaluru company in bank loan fraud

The Enforcement Directorate (ED) has seized assets worth over Rs 40.14 crore from a Bengaluru-based company in a money laundering investigation related to a case of bank fraud. The adjoining assets, which include residential apartments, land, farmland and bank deposits, are owned by Kavveri Telecom Infrastructure Limited. The money laundering case against the company stems […]

Bank loan

Hyderabad: Enforcement Branch ties up assets of Rs 37 crore in bank loan fraud case | Hyderabad News

HYDERABAD: The Enforcement Management has temporarily attached land and buildings worth Rs 37 crore from Sri Krishna Stockists & Traders Private Limited and its directors in a bank loan fraud. The ED resorted to the seizure of assets under the Prevention of Money Money Laundering Act. The ED has identified 57 landholdings, mostly located in […]

Bank loan

Bank loan fraud: ED seizes assets of Rs 40-cr from Bengaluru company

PTI, August 4, 2022, 12:07 PM IST Assets worth more than Rs 40 crore have been seized in a money laundering investigation linked to suspected bank loan fraud against a Bengaluru-based company, the Directorate of Law Enforcement has said. An interim order has been issued under the Prevention of Money Laundering Act (PMLA) to seize […]

Bank loan

ED seizes assets worth Rs 113.32cr in bank loan fraud case

New Delhi: The Law Enforcement (ED) Directorate said on Tuesday that it had seized 75 real estate properties, including 67 windmills valued at Rs 113.32 crore belonging to the Chennai-based Surana group of companies, as part of three cases of bank fraud of Rs 3,986 crore. The ED had initiated a money laundering investigation based […]

Bank loan

Bank loan fraud: ED seizes 67 wind turbines from the Chennai company | Latest India News

The Law Enforcement (ED) Directorate said on Tuesday it had tied down 67 wind turbines worth more than ₹51 crore in a money laundering investigation against Chennai-based Surana Group linked to an alleged ₹3,986 crores in bank loan fraud. The federal agency issued an interim order under the Prevention of Money Laundering Act to tie […]

Bank loan

bank loan fraud case: Bank loan fraud: ED seizes 67 wind turbines from Chennai company

The Law Enforcement Directorate said on Tuesday it tied up 67 windmills worth more than Rs 51 crore as part of a money laundering investigation against Surana Group based in Chennai linked to suspected fraud over Rs 3,986 crore bank loan. The federal agency issued an interim order under the Prevention of Money Laundering Act […]

Bank loan

Archdiocese of Burkina Faso Seeks Funds to Repay Bank Loan After Cathedral Renovation

He said the archdiocese was seeking help to repay the loan within the time frame of the agreement. “The Archdiocese is still counting on its sons and daughters and on the help of benefactors to repay this bank loan, and above all, before the 10 years are up,” said the Chancellor of the Archdiocese of […]

Bank loan

Lebanese parliament votes to spend World Bank loan on wheat

BEIRUT — Lebanese lawmakers voted on Tuesday to use a $150 million loan from the World Bank to pay for wheat imports into the cash-strapped country. Already in the grip of a crippling economic crisis, Lebanon is also struggling to cope with a food security crisis that has left half of its roughly 6 million […]

Bank loan

Lebanese parliament votes to spend World Bank loan on wheat | app

BEIRUT (AP) — Lebanese lawmakers voted on Tuesday to use a $150 million loan from the World Bank to pay for wheat imports into the cash-strapped country. Already in the grip of a crippling economic crisis, Lebanon is also struggling to cope with a food security crisis that has left half of its roughly 6 […]

Bank loan

Lebanon’s parliament votes to spend World Bank loan on wheat

BEIRUT (AP) — Lebanese lawmakers voted on Tuesday to use a $150 million loan from the World Bank to pay for wheat imports into the cash-strapped country. Already in the grip of a crippling economic crisis, Lebanon is also struggling to cope with a food security crisis that has left half of its roughly 6 […]

Bank loan

8 officials out of 18 sentenced

Visakhapatnam: A CBI Special Court has convicted 18 people including 8 civil servants and 10 borrowers for defrauding Sree Anantha Grameena Bank (renamed Andhra Pragathi Grameena Bank) out of Rs 13.21 lakh. Second Additional Special Court for CBI Cases, Visakhapatnam, Venkata Ramana sentenced the accused to one to three years rigorous imprisonment and imposed a […]

Bank loan

Delhi-based chartered accountant detained over Rs 6.18 crore bank loan fraud case in Odisha

Odisha’s Economic Offenses Wing (EOW) has arrested a New Delhi-based chartered accountant for his alleged link in the fraudulent remittance of Rs. 6.18 crore loan from a nationalized Bhubaneswar-based bank five years ago year. The accused identified as Neeraj Kumar, a resident of Bindapur, Uttam Nagar, New Delhi was arrested and brought before the Metropolitan […]

Bank loan

PTSB gets green light to acquire €7.6bn Ulster Bank loan portfolio – The Irish Times

The acquisition of a €7.6 billion Ulster Bank loan portfolio by Permanent TSB (PTSB) has been approved by the Competition and Consumer Protection Commission (CCPC). Ulster Bank announced its intention to withdraw all of its banking services in the State in February 2021. PTSB reached agreement with Ulster Bank to buy the portfolio 10 months […]

Bank loan

Sri Lanka’s central bank asks bank loan borrowers to seek relief by July 31

ECONOMYNEXT – Sri Lanka’s central bank is asking borrowers of bank loans to apply for a concession program it has put in place for businesses affected by the ongoing economic crisis that have already been aggravated by the COVID-19 pandemic before July 31. The borrowers concerned must request the concession in writing or electronically no […]

Bank loan

Review of Jumbo Loans and Insta Loans – Advisor Forbes INDIA

The new concept of getting credit on credit cards is becoming popular in the Indian market and HDFC Bank has also introduced its own version of it – HDFC Jumbo Loan. For this loan, no document is required when a person requests it since the bank already has all the information about the client as […]

Bank loan

Some Evergrande suppliers join boycott of bank loans to homebuyers – sources

HONG KONG: Some China Evergrande Group suppliers have said they will stop repaying bank loans in protest at the struggling real estate giant’s non-payment, joining homebuyers threatening to end mortgage bonds for unfinished houses. A growing number of homebuyers across China have threatened to stop making mortgage payments for stalled or unfinished property projects, deepening […]

Bank loan

$1 billion World Bank loan for Ayushman Bharat health infrastructure mission, government says

The World Bank has approved a $1 billion loan to support India’s flagship health infrastructure mission of Prime Minister Ayushman Bharat (PM-ABHIM), the Union Health Minister said on Tuesday, Mansukh Mandaviya, in Rajya Sabha. The loan granted on June 28, 2022 includes two complementary loans of $500 million each, namely for “Transforming India’s Public Health […]

Bank loan

CRISIL reaffirms the AA- rating of Angel One’s bank credit facilities

Angel One Limited has informed that CRISIL Ratings Limited has reaffirmed its ratings on the company’s long-term bank facilities, short-term bank facilities and commercial paper. The rating agency also upgraded the amount of the company’s bank loan and commercial paper facilities from the existing Rs 1,500 crore to Rs 4,500 crore. The rating agency reaffirmed […]

Bank loan

Surana Group: Fraud on bank loan worth Rs 3,986 cr: ED arrests 4 in money laundering case against Chennai Surana Group

The Law Enforcement Directorate announced on Thursday that it has arrested four people, including two promoters from the Chennai-based Surana Group, in a money laundering case linked to a bank loan fraud worth 3,986 crores. rupees. Dinesh Chand Surana and Vijay Raj Surana, both managing directors and promoters of Limited, Surana and Surana Corporation Ltd […]

Bank loan

Unity SFB will reduce the former loan portfolio of PMC Bank

Unity Small Finance Bank plans to reduce former Punjab and Maharashtra Co-operative (PMC) Bank’s loan portfolio by around ₹800 crore even as it focuses on growing its micro-finance loan portfolio and MSMEs (micro, small and medium enterprises). Scam-hit PMC Bank loans, totaling around ₹800 crore, are now part of Unity SFB’s loan portfolio following the […]

Bank loan

US bank loan growth set to slow after blistering Q2 22

In the upcoming earnings season, U.S. banks are likely to see the strongest loan growth since the start of the pandemic, but soaring interest rates and weak economic momentum are raising concerns about the outlook for the rest of the year. “There are a lot of questions from investors about the sustainability of strong loan […]

Bank loan

US bank loan growth set to slow after blistering Q2 22

In the upcoming earnings season, U.S. banks are likely to see the strongest loan growth since the start of the pandemic, but soaring interest rates and weak economic momentum are raising concerns about the outlook for the rest of the year. “There are a lot of questions from investors about the sustainability of strong loan […]

Bank loan

One year later no bills in Karuvannur bank loan scam case, latest news, kerala news, karuvannur cpm scam

Thrissur: The police case filed in a multi-million dollar bank loan scam case at the CPM-run Karuvannur Service Cooperative Bank celebrated its first anniversary on July 14, 2022, but the investigation team did not file an indictment. The only significant development in the case is that 11 board members and six intermediaries, including employees, have […]

Bank loan

‘8,000 schools closed for World Bank loan’: TDP blames Andhra Pradesh government

The Telugu Desam Party (TDP) has launched a scathing attack on the state government, accusing it of closing 8,000 schools in the state. Speaking to the media on Thursday, TDP official spokesperson K. Pattabhiram said that the state government has put the future of the students on the line for the sole purpose of securing […]

Bank loan

$300m World Bank loan sought by new Marcos administrator

The headquarters of the World Bank is seen in Washington, DC on May 25, 2022. (Photo by DANIEL SLIM/AFP via Getty Images) The new administration of President Ferdinand “Bongbong” Marcos Jr. is seeking a $300 million loan from the World Bank to fund a digital transformation program. That brings the total amount of low-interest concessional […]

Bank loan

Expansion of Fellow Bank’s loan and deposit portfolio in June

FELLOW BANK PLC PRESS RELEASE 5.7.2022 To 4:30 p.m. EST In June 2022, Fellow Bank provided funding worth €25.7 million. Total loan portfolio €112.2 million and deposits totaled €223.4 million at the end of the month. Fellow Bank, which focuses on easy-to-use digital service channels, currently offers flexible financial services for SMEs and individuals, as […]

Bank loan

Yes Bank Loan Portfolio Grows 14% in Q1 FY23, RBL Growth at 7%

Listed banks have started announcing provisional balance sheet data for the quarter ending June 30, 2022 (Q1FY23) ahead of the result, with Yes Bank and RBL Bank the latest to follow suit. Yes Bank recorded a 14% increase in its loans and advances, while RBL Bank recorded a 7% increase on an annual basis. Yes […]

Bank loan

X Factor singer forced to quit bank loan for ‘blatant weight discrimination’

Getting a loan from the bank is already a complicated business, but a Maltese woman’s attempt to do so was rendered impossible after she was turned down for being overweight. Two years after the case, former X Factor Malta singer Celine Agius took to Facebook to describe her experience. “Like many Maltese, I needed a […]

Bank loan

X Factor singer forced to drop bank loan for ‘blatant weight discrimination’

Getting a loan from the bank is already a complicated business, but a Maltese woman’s attempt to do so was rendered impossible after she was turned down for being overweight. Two years after the case, former X Factor Malta singer Celine Agius took to Facebook to describe her experience. “Like many Maltese, I needed a […]

Bank loan

India secures $1.75 billion World Bank loan for health and private investment

The World Bank has approved loans totaling $1.75 billion (about Rs 13,834.54 crore) to finance Indian Prime Minister Ayushman Bharat’s program and private investments to boost economic growth. Of the total loan, USD 1 billion will go to the health sector, while the remaining USD 750 million will be in the form of a Development […]

Bank loan

World Bank: India Secures $1.75 Billion World Bank Loan for Health and Private Investment

The World Bank has approved loans totaling $1.75 billion (approximately Rs. 13,834.54 crore) to fund Indian Prime Minister Ayushman Bharat’s program and private investments to spur economic growth. Of the total loan, USD 1 billion will go to the health sector, while the remaining USD 750 million will be in the form of a Development […]

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

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

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

$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 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

$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

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

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

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 […]