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 service

DBS suffers from a digital banking service problem; MAS plans to take surveillance measures

DBS Country Head Shee Tse Koon apologized for the disruption. DBS’s online banking services suffered disruption for two days, prompting the Monetary Authority of Singapore (MAS) to consider taking supervisory action on the bank. DBS digital banking users have reported issues accessing their online accounts. DBS Singapore Director Shee Tse Koon apologized in a video […]

Bank insurance

ABE and Misr Life Insurance cooperate to provide bancassurance services in Decent Life villages

The Agricultural Bank of Egypt (ABE) and the Misr Life Insurance Company have signed an agreement whereby the bank allows the company to market and deliver its insurance services and programs through 100 branches of the bank in the villages covered by the first phase of the presidential election. Decent Life initiative. The agreement aims […]

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

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 security

Bad Bank security receipts to secure Center support 30,600 crore

The government will provide a 30,600 crore yen guarantee for security receipts () issued by the proposed bad bank, Finance Minister Nirmala Sitharaman said on Thursday, announcing cabinet approval of the plan. The National Asset Reconstruction Co. Ltd (NARCL) is being established as a bad bank to take over non-performing assets, allowing banks to focus […]

Bank service

Cross River Bank Recognized as 2021 National Community Bank Service ICBA Award Recipient for Heroic PPP Efforts

FORT LEE, New Jersey – (COMMERCIAL THREAD) – Cross River Bank (“Cross River”), a technology-driven financial services organization that provides basic infrastructure and integrated financial solutions, received the Emerging Community Bank Service Award from the Independent Community Bankers of America ( ICBA) for his main paycheck. Protection program (PPP) and community awareness following the COVID […]

Bank loan

Chicago to unveil data on bank loans in a bid to boost homeownership

(Bloomberg) – Chicago City Council on Tuesday approved a measure to increase transparency in the lending practices of city banks and help reduce property disparities in the nation’s third most populous city. The Lending Equity Ordinance will publicly share loan data and demand an annual information hearing with the finance committee, Alderman Harry Osterman, a […]

Bank service

Banking service finally reaches this river island 75 years after independence – the New Indian Express

Express news service SAMBALPUR: It took 75 years of independence for the banking service to reach the people of the river island Kud Gunderpur under the Dhankauda block with the opening on Monday of a customer service point (CSP) in the gram panchayat. This island was connected to the mainland after a bridge was built […]

Bank loan

Trade credit arrears may impact European businesses’ COVID-19 bank loan repayments

The ability of European businesses to repay their COVID-19 loans is at risk as they face late payments on invoices, according to market participants. Businesses across Europe have seen a surge in the number of vendors delaying payments during the pandemic, according to trade credit balance data from S&P Global Market Intelligence and CreditSafe. In […]

Bank insurance

FCA fines Lloyds Bank insurance division £ 90million for misleading customers

thursday 08 july 2021 14:11 The Financial Conduct Authority is fining Lloyds Bank’s insurance division £ 90.7million for sending misleading renewal quotes to nine million customers. Renewal quotes claimed the amounts were “competitive” when new customers could get a better price on the same products elsewhere, the FCA said. FCA said the rule violation caused […]

Bank loan

Snapshot: regulation of bank credit facilities in Cyprus

Regulation Capital and liquidity requirements Describe the impact of capital and liquidity requirements on the structure of bank lending facilities, including the availability of related facilities. Cyprus has implemented the Basel III liquidity requirements with regard to the liquidity coverage ratio, as specified in Regulation (EU) 575/2013, which is directly applicable to Cyprus. Regulation (EU) […]

Bank loan

Snapshot: Regulation of bank loan facilities in the Bahamas

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

Bank loan

PH secures $ 400 million loan from World Bank for financial sector reforms

The $ 400 million Development Policy Loan (DPL) to the Philippines that the World Bank just approved will make the country’s financial sector resilient to shocks as the economy recovers from the pandemic-induced crisis, said the Washington-based lender. The rapid-disbursement financing of the development policy of the financial sector reform, which the Board of Directors […]

Bank insurance

Ministry of Finance urges states and UTs to prioritize bank and insurance company staff

The Ministry of Finance on Friday asked state governments to prioritize the vaccination of employees of banks and insurance companies. The ministry said they are at high risk amid the pandemic. Department of Financial Services Secretary Debasish Panda addressed the Chief Secretaries of States and Union Territories in a letter urging them to consider a […]

Bank insurance

Bank Insurance & Securities Association (BISA) Announces Second Year of Veronica Rink as Director

BISA’s board of directors is made up of industry veterans, like Rink, who run their respective companies. Rink’s experience at BBVA brings to the board a regulatory operating model in the best interest, including a new generation of technology, product, segmentation and customer experience initiatives. She worked within the BBVA organization to develop a holistic […]

Bank loan

Guggenheim First quarter 2021 High Yield and bank loan

NEW YORK, February 25, 2021 (GLOBE NEWSWIRE) – Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today presented its outlook for premier bank and high yield lending quarter 2021. Entitled “A Ripe Environment for Strong Credit Performance,” the report explains why we expect lower default volumes, improved rating migration and […]

Bank insurance

Another private buyer emerges to buy out the insurance agency of a regional bank

A record year for consolidation of US insurance brokers in deal that helps perpetuate a long-standing trend. As part of Fifth Third Bancorp’s divestiture of Fifth Third Insurance Agency Inc. to Foundation Risk Partners Corp., as confirmed by S&P Global Market Intelligence, a rapidly growing brokerage backed by private capital has expanded its footprint and […]

Bank security

Matrix Integration Aligns With IT Company To Increase Bank Security Services

Matrix Integration and Infotex team members pose together at the recent Indiana Bankers Association conference. Photo provided by Matrix Integration Two Indiana-based information technology (IT) companies expanding into the Indianapolis market have announced a strategic alignment to help financial organizations better defend their data. Matrix Integration, LLC (Matrix), specializing in infrastructure, and Infotex, specializing in […]