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 service

Delio, launch of the first crypto-banking service in Korea

Delio (CEO James Jung), a leader in digital asset finance in Korea, launches Crypto Bank service and expands into a digital bank. Since its inception in 2018, Delio has been leading the Korean crypto financial market by offering various financial services related to digital assets, including savings and landing products. According to the Blockchain and […]

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 security

Israel has expressed concern over escalating security in the West Bank during Biden’s trip

Who could succeed as British Prime Minister? Britain’s Boris Johnson has announced his resignation as Conservative leader, paving the way for an internal party competition to replace him and become prime minister. Although several possible successors have been suggested, there is no clear favorite. Rishi Sunak The UK’s first Hindu Chancellor of the Exchequer, who […]

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 security

Community Bank Security Officer Talks Fraud Prevention and Banking Security | Company

Federal Trade Commission data from 2021 shows that Americans lost more than $5.8 billion to various scams and fraud schemes, a 70% increase from 2020. More than 2.8 million Americans reported being scammed in 2021, but that number is likely even higher, as many scams or fraud schemes may go unreported, and only half of […]

Bank security

Community bank security officer talks about fraud prevention and banking security

July 3 – Federal Trade Commission data from 2021 shows Americans lost more than $5.8 billion to various scams and fraud schemes, a 70% increase from 2020. More than 2.8 million Americans reported being scammed in 2021, but that number is likely even higher, as many scams or fraud schemes may go unreported, and only […]

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

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

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

Bank loan

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

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

Bank loan

Snapshot: Regulation of bank lending facilities in Malta

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

Bank loan

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

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

Bank loan

Snapshot: Regulation of Bank Lending Facilities in the Bahamas

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

Bank loan

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

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

Bank loan

PH secures $178 million loan from World Bank

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

Bank loan

Snapshot: Regulation of bank credit facilities in Poland

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

Bank insurance

insurance platforms need to ensure senior management suitability

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

Bank insurance

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

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

Bank security

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

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

Bank loan

Romanian FinMin proposes new nine-month moratorium on bank loans

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

Bank loan

China: bank loan prime rate unchanged despite economic difficulties

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

Bank loan

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

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

Bank loan

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

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

Bank loan

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

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

Bank loan

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

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

Bank loan

HDFC Bank loan advances exceed ₹3 trillion in Maharashtra

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

Bank loan

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

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

Bank loan

SWISS early terminates its bank loan guaranteed by the Swiss State

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

Bank loan

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

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

Bank loan

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

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

Bank loan

‘Chrisley Knows Best’ stars sentenced over bank loan

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

Bank security

IBM zSystems solutions bolster security at Siam’s commercial bank

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

Bank security

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

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

Bank service

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

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

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 service

Axis Bank Service Fee Rise, SBI Home Loan Interest: Main 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 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 security

Explanation: the security barrier in the West Bank and its shortcomings

In 2002, Israel began building a security barrier across the West Bank, a barrier still riddled with holes Last month, Israeli engineers began working on patching breaches in the West Bank security fence after a terrorist breached the fence and killed five people in the ultra-Orthodox Israeli town of Bnei Brak. Israeli officials suspect that […]

Bank service

FinTech equipifi raises $12 million for BNPL Service

FinTech equipifi has raised $12 million in a Series A funding round to continue rolling out its buy now, pay later (BNPL) service to banks and credit unions (CUs), the company announced on Monday 23 may. Press release. Equifi, based in Scottsdale, Arizona, has already entered into multi-year contracts to provide the service to seven […]

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

FNB to process government rebound bank loan applications

Last week, the National Treasury announced that the rebound support program had come into effect. This loan program was created to help SMEs get back in shape after the pandemic and confinement. To that end, the FNB has announced that it will submit applications for the program. “When the national government first identified the need […]

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 […]