Bank loan

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

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

Bank loan

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

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

Bank loan

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

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

Bank loan

CBI hands over two companies for alleged bank loan fraud

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

Bank loan

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

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

Bank loan

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

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

Bank loan

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

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

Bank loan

Competition watchdog to fully investigate loan deal between AIB and Ulster Bank

IRELAND’S COMPETITION WATCHDOG has announced an in-depth investigation into a proposed agreement between AIB and Ulster Bank. The Competition and Consumer Protection Commission (CPCC) is moving to a full Phase 2 investigation of AIB’s loan portfolio, Ulster Bank, a portfolio of performing commercial loans. In a statement, the CPCC said it had decided to examine […]

Bank loan

Bank credit: Agricultural, MSME and retail lending contributes to growing the bank loan portfolio

According to the latest bank credit sector deployment data released by the Reserve, bank credit rose 7.1% in November, above the 5.9% recorded in the same period a year ago, largely thanks in part to better growth in lending to individuals, agriculture and MSMEs. Bank of India Credit to agriculture and related activities remained robust […]

Bank loan

Full investigation announced for AIB-Ulster Bank loan deal

The Competition and Consumer Protection Commission (CCPC) will conduct a full Phase 2 investigation into whether AIB’s planned €4.2 billion deal to buy the company’s corporate and corporate loan book ‘Ulster Bank could significantly reduce competition. AIB announced an agreement with Ulster Bank and its parent company NatWest Holdings for the loan portfolio in June, […]

Bank loan

World Bank loan will support Vietnam’s economic recovery

European Space Agency astronaut Matthias Maurer tuned into a live Thursday session at Davos Agenda 2022 from the International Space Station, somewhere over the Pacific, to discuss how research space can improve life on Earth. In orbit for a six-month mission with the European Space Agency (ESA), Maurer will support a wide range of science […]

Bank loan

Why no action against the Essel group for defaulting on a bank loan: the congress at the center

Congress asked why an administrator was not appointed for the Essel group. (To file) New Delhi: Congress alleged on Friday that there was a connection between the Center and its “corporate friends”, and questioned why no action had been taken against the promoters of Dish TV Essel Group, which had not reimbursed the loans to […]

Bank loan

Bank loan fraud: Law Enforcement Directorate seizes assets worth Rs 100 cr

The ED said on Thursday it had seized assets worth Rs 100 crore from a ‘regular offender’, who took out new loans to repay old ones, and was being questioned for money laundering. money linked to alleged fraud against an IDBI branch in Andhra Pradesh. Rebba Satyanarayana’s farmlands, fish ponds, commercial sites, plots and apartments […]

Bank loan

Bank loan fraud: Enforcement Directorate seizes assets worth Rs 100 crore

The ED said on Thursday it had seized assets worth Rs 100 crore from a ‘regular offender’, who took out new loans to repay old ones, and was being questioned for money laundering. money linked to alleged fraud against an IDBI branch in Andhra Pradesh. Rebba Satyanarayana’s farmlands, fish ponds, commercial sites, plots and apartments […]

Bank loan

Proposed Bank Loan Deferral Approved in Bahrain

The Central Bank of Bahrain (CBB) has also been asked to encourage the government to support the proposal. Mr Al Nefaei said the aim was to enable people, businesses and the economy to recover properly from the effects of the Covid-19 pandemic which are still being felt despite positive indicators. “The deferrals have helped the […]

Bank loan

Philippines gets additional World Bank loan for more vaccines

Philstar.com December 22, 2021 | 2:47 p.m. MANILA, Philippines — The World Bank on Wednesday approved a new loan that would help fund the Philippine government’s purchase of additional coronavirus vaccines. The “Philippines COVID-19 Emergency Response Project – Supplementary Financing 2” (PCERP-AF2) will cover the purchase and delivery of doses to people aged 12 to […]

Bank loan

Nigeria Secures $700 Million World Bank Loan for Water Projects | The Guardian Nigeria News

The federal government said it had secured a $700 million loan from the World Bank for specific water projects in the country. The government has said that most of the water supply issues in the country are the responsibility of state governments. Water Resources Minister Suleiman Adamu made the revelation while addressing reporters on the […]

Bank loan

Court suspends Kalinga’s 999 million peso bank loan

SEAT OF POWER The provincial government of Kalinga is temporarily prevented by a regional trial court from obtaining its 999 million pesos loan from the Land Bank of the Philippines intended to serve as an economic stimulus fund to revive the local economy stricken by COVID-19. —Provincial Government of Kalinga FACEBOOK PHOTO TABUK CITY — […]

Bank loan

World Bank loan of $ 300 million to boost Turkey’s geothermal energy

The World Bank Board of Directors approved two loans worth $ 300 million (TL 5.3 billion) to support the development of renewable energy by harnessing deep heat sources as part of the project geothermal development in Turkey, according to the bank. The loans provide additional funding for two initial loans valued at $ 250 million. […]

Bank loan

Hair Transplant Bank Loan – The Himalayan Times – Nepal’s No.1 English Daily Newspaper

CHITWAN, DECEMBER 19 The Chitwan Medical College Teaching Hospital here has arranged loan facility for service recipients who come for hair transplant. Clients can pay for cosmetic treatments, including hair transplantation, in installments. The hospital has provided this payout facility in conjunction with Sunrise Bank Limited. Arrangements have been made to pay the fee in […]

Bank loan

Chitwan Medical College Offers Bank Loan For Hair Transplant – myRepublica

CHITWAN, Dec 19: Chitwan Medical College Teaching Hospital has set up loan facility for service recipients who come for hair transplant. Clients can pay for cosmetic treatments, including hair transplantation, in installments. The hospital has provided this payout facility in conjunction with Sunrise Bank Limited. According to Kritishma Aryal, head of the hospital’s dermatology department, […]

Bank loan

hdfc bank: HDFC Bank’s loan portfolio to MSMEs exceeds Rs 13,000 crore in Uttar Pradesh

NEW DELHI: HDFC Bank, the country’s largest private sector lender, said on Friday its MSME ledger recorded 17% year-on-year growth to over Rs 13,000 crore at the end of September in the ‘Uttar Pradesh. As of September 30, 2021, the Micro, Small and Medium Enterprise (MSME) loan portfolio for Uttar Pradesh stood at Rs 13,154 […]

Bank loan

HDFC Bank’s loan portfolio to MSMEs exceeds Rs 13,000 cr in Uttar Pradesh

The country’s largest private sector lender, HDFC Bank, said on Friday that its MSME ledger had recorded 17% year-on-year growth to over Rs 13,000 crore at the end of September in Uttar Pradesh. . As of September 30, 2021, the Micro, Small and Medium Enterprise (MSME) loan portfolio for Uttar Pradesh stood at Rs 13,154 […]

Bank loan

NatWest set to take 16.7% of PTSB in Ulster Bank loan sale deal

British banking giant NatWest Group is set to take a 16.7% stake in Permanent TSB (PTSB) in a deal to sell a large portion of its Ulster Bank unit’s loans and other assets to the government-controlled lender. Irish state. The figure was revealed on Friday as the two parties confirmed they had signed a binding […]

Bank loan

New €300 million loan from the World Bank to support reforms in Ukraine during the COVID-19 pandemic

WASHINGTON, December 17, 2021 – The Board of Directors of the World Bank today approved a loan of EUR 300 million Second Economic Recovery Development Policy Loan (DPL) for Ukraine in support of reforms critical to the country’s economic recovery and growth, and to help mitigate the effects of the COVID-19 pandemic. The main reforms […]

Bank loan

World Bank loan: Philippines secures $ 600 million for economic recovery

The World Bank is providing the Philippines with another loan worth $ 600 million to help stimulate the economy and support other important reforms. The pandemic has caused extreme havoc and continues to destroy the global economy. Even rich countries are feeling the effects, what more can developing countries ask for? Different nations are turning […]

Bank loan

PH secures new $ 600 million loan from the World Bank – Manila Bulletin

The World Bank has approved a new $ 600 million loan that aims to support the Philippines’ economic recovery from the coronavirus pandemic. In a statement, the Washington-based multilateral institution said it had approved funding for the government’s reform program to position the country for a more competitive and resilient economic recovery. The sub-program’s Development […]

Bank loan

Poland to get World Bank loan to improve air quality

The World Bank will lend Poland 250 million euros to help it improve its air quality and energy efficiency, according to a bank statement released on Thursday. The money will be used to support the priority program Clean Air, which is implemented by the Polish Ministry of Climate and Environment in cooperation with the National […]

Bank loan

Philippines seeks $6 billion loan from central bank in 2022

(Bloomberg) – The Philippine government is seeking a 300 billion peso ($5.96 billion) loan from the central bank next year, lower than this year’s budget support, as it expects the economy to recover said Finance Secretary Carlos Dominguez. The government has also informed the Bangko Sentral ng Pilipinas that it will fully repay its interim […]

Bank loan

Who benefits from the World Bank’s $157 million loan?

Dear President David Malpass: The public would want to know why the World Bank serves as Liberia’s economic adviser and at the same time serves as Liberia’s largest creditor of money. The Bank should focus on making profits by lending money to poor countries and abandon its original 1945 vision to fight poverty, disease and […]

Bank loan

Green bank loan helps Forza renovate energy-efficient offices

Along with the $ 30 million CEFC-guaranteed senior debt facility, Forza has raised $ 27 million in equity from its high net worth investor base to fund the acquisition and transformation of 200 Creek Street, which will part of a single asset trust. The building is two-thirds occupied – major tenants include South East Queensland […]

Bank loan

Bank loan recovery in recent years mirrored Hindu growth rate -Governance Now

Initially, for those unfamiliar with the “Hindu growth rate” nomenclature, it refers to the low economic growth of post-independent India until the 1990s, when several economic liberalization measures were taken. Until the 1990s, the growth rate was around 4%, which accelerated later after the 1990s to 8-9%. Banks have three main legal ways to collect […]

Bank loan

World Bank loan of $ 18 million to support collapse of public health sector

About $ 18 million from a World Bank loan will be allocated to the crumbling Lebanese public health sector with the aim of reducing the inflated bills of vulnerable patients, said Health Minister Firass Abiad. The National Thursday. The Lebanese Ministry of Public Health normally pays 85% of the bill for patients hospitalized without private […]

Bank loan

Holiday season retail demand and MSMEs drive bank lending growth in October

Reflecting the increased demand for the holiday season, retail bank credit covering housing, vehicles and credit cards, etc. grew 11.7% year-on-year in October 2021, up from 8.7% in October 2021. Data from the Reserve Bank of India showed year-over-year growth in home loans was stable at 8.4% in October 2021 from 8.1% a year ago. […]

Bank loan

World Bank loan of $ 135 million to increase Bengal’s electricity supply | Calcutta News

Calcutta: The World Bank has approved a loan of $ 135 million to improve the efficiency and reliability of the power supply in parts of Bengal. The state is located along the corridor to North East and South East Asia and plays an important role in facilitating and promoting regional electricity trade, as it already […]

Bank loan

Greensill Report: British Business Bank Loan Approvals Lacked Due Diligence | Item

According to the UK Parliament’s public accounts committee report on Greensill released in November, checks from the British Business Bank to approve the company as a lender under the government’s COVID-19 support program were “woefully inadequate” . This lack of scrutiny, curiosity and skepticism could end up costing taxpayers £ 335million (US $ 445million), according […]

Bank loan

West Bengal obtains a $ 135 million loan from the World Bank to modernize its rural electricity distribution network

The International Bank for Reconstruction and Development (IBRD) approved a $ 135 million loan to West Bengal to improve operational efficiency and reliability of electricity supply in some pockets of the state. IBRD and its concessional lending arm, the International Development Association (IDA), are also collectively referred to as the World Bank. The variable spread […]

Bank loan

West Bengal secures $135m loan from World Bank to upgrade rural electricity distribution network

IBRD and its concessional lending arm, the International Development Association (IDA), are also collectively referred to as the World Bank. The International Bank for Reconstruction and Development (IBRD) has approved a $135 million loan to West Bengal to improve operational efficiency and reliability of electricity supply in some pockets of the state. IBRD and its […]

Bank loan

Bengal secures $ 135 million loan from the World Bank to modernize its rural electricity distribution network, Energy News, ET EnergyWorld

Calcutta: The International Bank for Reconstruction and Development (IBRD) approved a $ 135 million loan to West Bengal to improve operational efficiency and reliability of electricity supply in parts of the state. IBRD and its concessional lending arm, the International Development Association (IDA), are also collectively referred to as the World Bank. The variable spread […]

Bank loan

NuRAN announces first online site in DRC, Cameroonian bank loan approval and year-end change

Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here. First live site in the Democratic Republic of the Congo 15 live sites in Cameroon 32.68% Penetration rate after 1 month for the first 10 sites in Cameroon Afriland First Bank loan of CAD 2.87 million approved […]

Bank loan

NuRAN Announces First Online Site in DRC, Cameroonian Bank Loan Approval, and Year-End Change | 2021-11-29 | Press Releases

First live site in the Democratic Republic of the Congo 15 live sites in Cameroon 32.68% Penetration rate after 1 month for the first 10 sites in Cameroon Afriland First Bank loan of CAD 2.87 million approved for Cameroon End of year changed to December 31 QUEBEC, QC / ACCESSWIRE / November 29, no 2021 […]

Bank loan

NuRAN Announces First Online Site in DRC, Cameroonian Bank Loan Approval and Year-End Changeover

First Live Site in the Democratic Republic of Congo 15 sites live in Cameroon 32.68% penetration rate after 1 month for the first 10 sites in Cameroon CAD 2.87 million loan from Afriland First Bank approved for Cameroon Year-end changed to December 31 QUEBEC CITY, QC / ACCESSWIRE / November 29, 2021 / NuRAN Wireless […]

Bank loan

Pangasinan residents oppose LGU’s P500-M bank loan

Residents of the town of Sual in Pangasinan province hold a rally on Monday to protest against the planned 500 million peso bank loan from the municipal government, which they say will plunge the town into debt over the for the next 15 years due to 5% annual interest. (Photo by Yolanda Sotelo) SUAL, Pangasinan […]

Bank loan

CBI Searches Cuttack Businessman Over Rs 140 Crore Bank Loan Fraud | Cuttack News

BHUBANEWAR: CBI officials on Thursday raided the properties of a businessman in Cuttack for allegedly defrauding two banks of around Rs 140 crore after taking loans in 2013 to set up a brewery factory. The businessman has been identified as Ranjan Kumar Padhi, Managing Director of SR Alcobev Pvt Ltd. The CBI has filed a […]

Bank loan

Get a bank loan – BusinessWorld Online

As a banker and SME advocate, I am always asked how to secure bank credit. For an entrepreneur, bank loans represent a versatile source of financing for the business. It can be short-term or long-term, fixed or variable, demand or fixed-term, guaranteed or unsecured. It can be adapted to your needs. Obtaining it, however, poses […]

Bank loan

Cooperative secures shing 6.3 billion EU bank loan for SME lending

Companies Cooperative secures shing 6.3 billion EU bank loan for SME lending Thursday, November 25, 2021 Gideon Muriuki, CEO of the cooperative bank. PHOTO FILE | NMG Co-operative Bank #ticker: COOP received 6.3 billion shillings (50 million euros) from the European Investment Bank for subsequent loans to small businesses to help them recover from the […]

Bank loan

Guggenheim Fourth Quarter 2021 High Yield and Bank Lending Outlook: Are High Yield Markets … | Nation / World

NEW YORK, November 24, 2021 (GLOBE NEWSWIRE) – Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today presented its outlook for bank and high yield loans from the fourth quarter 2021. Entitled “Do high yield markets misjudge the risk of Evergrande?” The report explains why investors may be overly optimistic […]

Bank loan

Guggenheim Fourth Quarter 2021 High Yield and Bank Loan

NEW YORK, Nov. 24, 2021 (GLOBE NEWSWIRE) – Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today presented its outlook for bank and high yield loans from the fourth quarter 2021. Entitled “Do high yield markets misjudge the risk of Evergrande?” The report explains why investors may be overly optimistic […]

Bank loan

Guggenheim Fourth Quarter 2021 High Yield and Bank Lending Outlook: Are High Yield Markets … | Business

NEW YORK, November 24, 2021 (GLOBE NEWSWIRE) – Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today presented its outlook for bank and high yield loans from the fourth quarter 2021. Entitled “Do high yield markets misjudge the risk of Evergrande?” The report explains why investors may be overly optimistic […]

Bank loan

Guggenheim Fourth Quarter 2021 High Yield and Bank Lending Outlook: Are High Yield Markets … | New

NEW YORK, November 24, 2021 (GLOBE NEWSWIRE) – Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today presented its outlook for bank and high yield loans from the fourth quarter 2021. Entitled “Do high yield markets misjudge the risk of Evergrande?” The report explains why investors may be overly optimistic […]

Bank loan

Do high yield markets misjudge the risk of Evergrande?

We encourage investors to be aware of the technical and fundamental links between high yield credit and the challenges of the Chinese real estate market. NEW YORK, November 24, 2021 (GLOBE NEWSWIRE) – Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today presented its outlook for bank and high yield […]

Bank loan

Bank loan fraud: ED seizes the assets of Rs 42-cr of the Kolkata company

Assets worth more than Rs 42 crore of a Kolkata-based company were seized in connection with a money laundering investigation linked to a suspected bank fraud case, the management of the company said on Monday. execution (ED). An interim order for the seizure of 11 properties of Shree Mahalaxmi Corporation Pvt Ltd has been issued […]

Bank loan

Why we got a $ 72 million loan from the World Bank for 36 states – FG

The Minister of Science and Technology, Ogbonnaya Onu, explained why the federal government obtained 72 million dollars from the World Bank for the 36 states to develop their land information system. Speaking at the annual Geoinformation Society of Nigeria conference held in Lagos, the minister said the gesture is to strengthen the collection of internally […]

Bank loan

Terri Irwin reveals she took out a bank loan to cover Australia Zoo

Terri Irwin has revealed that she took out a bank loan to protect the future of the Australia Zoo, following reports that the Queensland Wildlife Sanctuary was in financial conflict. The 57-year-old told the Courier Mail on Friday the loan would cover the animal sanctuary for “at least 20 years of fallout” after the Covid […]

Bank loan

Universities risk closure of World Bank loan deal

Economy Universities risk closure of World Bank loan deal Wednesday, November 17, 2021 Moi University in Eldoret. PHOTO FILE | NMG By OTIATO GUGUYUMore from this author Summary Thousands of people risk losing their jobs as part of the plan to merge struggling parastatals. Public universities have come under financial pressure in recent years due […]

Bank loan

Cash-strapped Kenyan universities risk closing loan deal with World Bank

By OTIATO GUGUYU Kenya has come under pressure from the World Bank to shut down and merge cash-strapped public universities and loss-making parastatals in what would see thousands of civil servants lose their jobs. The multilateral financier believes Kenya should merge higher education institutions due to duplication of courses and the need to cut spending. […]

Bank loan

Bank loan fraud: ED raids Guwahati’s Ghosh Brothers group of companies

The Enforcement Directorate (ED) said on Tuesday it raided the premises of the Ghosh Brothers group of companies, a leading business group with several car dealerships in Guwahati, as part of a money laundering investigation. linked to an alleged bank loan fraud against him. Cash and jewelry worth Rs 63 lakh were seized by the […]

Bank loan

David Aiono falsely requested a $ 22,000 bank loan on behalf of his brother | Illawarra Mercury

news, latest news, A former Shellharbour man admitted to fraudulently using his brother’s driver’s license to apply for a $ 22,000 personal bank loan seven years ago. David Speechley Aiono, 38, appeared in Wollongong local court yesterday where he pleaded guilty to dishonestly obtaining a financial advantage by deception. The court heard that the brothers […]

Bank loan

Vodafone Idea could get State Bank loan after India offers relief

The ailing Indian unit of Vodafone Plc is in talks with the country’s largest lender over new loans, people familiar with the matter say in a deal that could pave the way for other banks to offer credit and increase the trapped wireless operator’s chances of survival. . The State Bank of India has asked […]

Bank loan

Vodafone Idea could get loan from state bank after India offers relief

(Bloomberg) – The ailing Indian unit of Vodafone Plc is in talks with the country’s largest lender over new loans, people familiar with the matter say in a deal that could pave the way for d other banks to offer credit and increase the chances of survival of the trapped wireless operator. The State Bank […]

Bank loan

Villar questions reduction in World Bank loan proceeds – Manila bulletin

New / national / Villar questions drop in World Bank loan proceeds Villar questions drop in World Bank loan proceeds On Wednesday 10 November, Senator Cynthia A. Villar questioned the budget reduction in the proceeds of the loan from the World Bank (WB) to finance the project to support the parcelization of land for the […]

Bank loan

Medical Marijuana Establishment Cannot Get Bank Loan

A reminder came last week in the form of a press release that despite the growing acceptance of medical marijuana – and the introduction of a bill earlier this year to legalize the recreational use of marijuana for adults – businesses that grow or sell cannabis always face special challenges. Calypso Enterprises, the Erie-based company […]

Bank loan

PHL awaiting $200m World Bank loan to fund nutrition program

PHILSTAR The World Bank is set to provide a new $200 million loan to the Philippines for nutrition programs that will reduce the undernourished population. According to a bank report, the loan was approved by Ndiame Diop, World Bank country director for Brunei, Malaysia, the Philippines and Thailand, on November 3. The World Bank said […]

Bank loan

Bank lending to MSMEs: Growth of credit to micro and small enterprises in September compared to the previous year

Credit and Finance for MSMEs: The total gross bank credit of Rs 13.20 lakh crore deployed in the MSME sector in September 2021 was 12.04% of India’s overall gross bank credit of Rs 109.56 lakh crore. Credit and finance for MSMEs: After two months of positive growth in the annual deployment of gross bank credit […]

Bank loan

UK backs $ 1 billion World Bank loan to India for green infrastructure (report)

British Prime Minister Boris Johnson is reportedly set to announce his country will guarantee a $ 1 billion World Bank loan to India for green infrastructure, according to sources who spoke to Reuters. Several sources familiar with the matter confirmed the plans to Reuters on Monday. The announcement will likely be made during the 2021 […]

Bank loan

UK to back $1bn World Bank loan to India for green infrastructure: report

British Prime Minister Boris Johnson is reportedly set to announce that his country will guarantee a $1 billion World Bank loan to India for green infrastructure, according to sources who spoke to Reuters. Several sources familiar with the matter confirmed the plans to Reuters on Monday. The announcement will likely be made at the 2021 […]

Bank loan

Lamprell Secures $ 45 Million Bank Loan to Create Jack-Up Duo | Rigzone

Construction specialist Lamprell signed a $ 45 million revolving commercial credit facility to cover the costs of building two IMI jack-up platforms. Lamprell said he secured funding for the continued construction of these two platforms earlier this month. He added that he had signed a $ 45 million revolving commercial loan facility with First Abu […]

Bank loan

Ukraine launches bank loan terrorist financing investigation after RFE / RL report

Ukrainian prosecutors opened investigation into terrorist financing after it emerged that the country’s state-owned export-import bank had loaned tens of millions of dollars to companies owned by a businessman with interest in parts of eastern Ukraine controlled by Moscow-backed separatists. The Attorney General’s Office told the Ukrainian service of RFE / RL on Oct. 27 […]

Bank loan

Flexible approach to bank loan restructuring encouraged

Lawrence Agcaoili – The Filipino Star October 25, 2021 | 00h00 MANILA, Philippines – Banks and financial institutions are urged to take a more flexible approach in restructuring loans from borrowers severely affected by the pandemic, according to Bangko Sentral ng Pilipinas. PASB Deputy Governor Chuchi Fonacier said the Monetary Board, through Resolution 1401, approved […]

Bank loan

P2P lending machine fires high amid slow bank loan disbursements

It has never been better for peer-to-peer (P2P) lending platforms, which are seeing a huge increase in the number of people willing to lend or borrow money. While the slowdown in loan disbursements by banks and other institutional lenders has pushed borrowers to turn to peer-to-peer lenders, low yields on fixed income are prompting wealthy […]

Bank loan

China’s slowdown in bank lending growth could worsen on real estate restrictions

The slowdown in bank lending growth in China is likely to slow further after the slowest gain in more than 15 years in attempts to dampen the real estate market. Concerns over the repayment capacity of borrowers, especially in the real estate sector, following the debt crises of China Huarong Asset Management Co. Ltd. and […]

Bank loan

Wall St Week Ahead – Growth in regional bank lending could portend healthier supply chains

Band David Randall NEW YORK, October 15 (Reuters) – If regional banks show signs of accelerating loan growth when they report earnings in the coming week, this could signal an easing of supply chain bottlenecks that have weighed on the economic recovery. from the United States after the pandemic, according to analysts and investors. Overall, […]

Bank loan

RPT-Wall St Week Ahead-Growth in Regional Bank Lending Could Portray Healthier Supply Chains

(Rehearsal of the SCHEDULED COLUMN originally released on October 15, no change) NEW YORK, Oct. 15 (Reuters) – If regional banks show signs of accelerating lending growth when they report earnings in the coming week, it could signal an easing of chain bottlenecks. supply that weighed on the United States’ economic recovery after the pandemic, […]

Bank loan

New York man sentenced over $1.1m bank loan and credit card fraud schemes

A former Long Island business owner has been convicted in connection with a scheme to defraud banks, business partners and a customer of approximately $1.1 million. Marcello Sozio, 65, of Huntington, was sentenced to 36 months in prison for wire fraud, according to an announcement from the United States Attorney’s Office for the Eastern District […]

Bank loan

Growth in regional bank lending could portend healthier supply chains | Invest News

NEW YORK (Reuters) – If regional banks show signs of accelerating loan growth when they report earnings in the coming week, it could signal an easing of chain bottlenecks. supplies that weighed on the US economic recovery from the pandemic, analysts and investors say. Overall, small banks accounted for 63% of the roughly $ 520 […]

Bank loan

Wall Street: Wall Street Week Ahead: Growth in regional bank lending could portend healthier supply chains

NEW YORK: If regional banks show signs of accelerating loan growth when they report earnings in the coming week, it could signal an easing of supply chain bottlenecks that have weighed on the economic recovery of the United States from the pandemic, analysts and investors said. Overall, small banks accounted for 63% of the roughly […]

Bank loan

Federal Bank lending growth shows hopes of recovery amid holiday season

The Federal Bank Ltd’s September quarter update showed encouraging signs of an economic recovery following the easing of restrictions imposed to contain the second wave of the pandemic. The private sector bank’s loan portfolio grew 10% for the September quarter from a year earlier, while deposits also showed a similar expansion, the lender said in […]

Bank loan

World Bank $ 40 million loan for state health sector

SHILLONG, October 1: The World Bank’s Board of Directors approved a $ 40 million project to improve the quality of health services in Meghalaya and strengthen the state’s capacity to manage future health emergencies , including the COVID-19 pandemic.The loan which will be sanctioned by the International Bank for Reconstruction and Development (IBRD) has a […]

Bank loan

Bank loan fraud has been mutually beneficial for Avantha and Yes Bank: ED in court

The Enforcement Directorate (ED) alleged that the alleged fraud on bank loans involving Gautam Thapar was mutually beneficial for the Avantha group, promoted by the businessman, and Yes Bank. In its response opposing Thapar’s bail application, the federal agency told a local court on Friday that the proceeds of crime of Rs 131 crore had […]

Bank loan

J&K Bank loan fraud: ED seizes assets of spice trading firm : The Tribune India

New Delhi, September 30 The Law Enforcement (ED) Directorate today said it had issued an interim seizure order under the Prevention of Money Laundering Act to seize assets worth $145, Rs 26 crore belonging to SA Rawther Spices Pvt Ltd and others in the J&K Bank loan fraud case. ED officials said the attached assets […]

Bank loan

ED seizes assets of spice trading company in J&K Bank loan fraud case

The Directorate of Enforcement (ED) seized assets worth more than 145 crore of a Bengaluru-based spice company in a money laundering investigation linked to alleged fraud on loans to the J&K Bank. The agency said in a statement on Wednesday that a factory building, shops, apartments and land of the company, SA Rawther Spices, and […]

Bank loan

ujjivan bank: loan collection is improving, according to Ujjivan Small Finance Bank

Ujjivan Small Finance Bank, which is going through a management crisis, said its loan recovery had improved and its portfolio at risk had been reduced in August. The bank said its action plan to improve asset quality has started to bear fruit. Portfolio at risk (PAR) was reduced to 21.7% from 30.8% in June with […]

Bank loan

Bank loan fraud: ED arrests CEO of Mumbai-based agribusiness

The Enforcement Directorate (ED) announced on Monday that it had arrested the managing director of a Mumbai-based agricultural company in connection with a money laundering investigation linked to alleged multi-crore bank fraud. Vinod Chaturvedi, managing director of Usher Agro Limited and other group companies, was arrested on September 17 in a case of “bank loan […]