Bank loan

Demand for bank loans hits 9-year high, now deposit rates could rise 1.75-2.25%

Demand for bank loans has reached its highest level in nine years, but deposits are not growing at the same pace. For this reason, there is a shortage of funds from the banks. In such a situation, deposit interest rates should increase. Deposit rates can be increased by 1.75-2.25% in one year. According to the […]

Bank loan

Demand for bank loans hits 9-year high, now deposit rates may rise 1.75-2.25%. Demand for bank loans hits 9-year high, now deposit rates could rise 1.75-2.25%

hindi news Company Demand for bank loans hits 9-year high, deposit rates could now rise 1.75-2.25% Demand for bank loans has reached its highest level in nine years, but deposits are not growing at the same pace. For this reason, there is a shortage of funds from the banks. In such a situation, deposit interest […]

Bank loan

When a robot showed up to receive a bank loan

A start-up, seeking a loan to produce more robots, sends the proceeds to collect a penalty order A start-up, seeking a loan to produce more robots, sends the proceeds to collect a penalty order It’s not every day that a robot shows up to receive a bank loan. So when Asimov Robotics, a Maker Village-based […]

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

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

World Bank loan for GRID project against interest from Nepal – myRepublica

KATHMANDU, August 31: Experts have said the concessional loan agreement signed between the World Bank and Nepal on Monday for the purpose of obtaining assistance to avoid and adapt to climate-related disasters is not in line with the international standards on climate finance and the position Nepal takes in international forums. In the field of […]

Bank loan

Zuma assets may be seized to repay R6.5m VBS bank loan, court orders

The Pietermaritzburg High Court has ruled in favor of VBS Mutual Bank custodian Anoosh Rooplal that the assets of former President Jacob Zuma be seized if he fails to repay his R6.5 million loan. John Maytham spoke to Scorpio reporter at The Daily Maverick, Pauli Van Wyk, about the Pietermaritzburg High Court’s order for the […]

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 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 provided its Outlook for High Yield and Bank Lending in Q3 2022. Titled “Credit Yields […]

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 Law Enforcement Directorate has said. An interim order has been issued under the Prevention of Money Laundering Act (PMLA) to seize residential […]

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

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

Lebanese 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, of 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

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

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

Unity SFB will reduce the former loan portfolio of PMC Bank

Unity Small Finance Bank plans to reduce the loan portfolio of the former Punjab and Maharashtra Co-operative (PMC) Bank by about ₹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 […]

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

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

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 finance 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

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

Tanners will get a bank loan of 400cr to procure raw hides

Tanners will get Tk 400 crore in bank loans to procure raw hides in the upcoming Eid-ul-Azha season, the central bank has announced. The lending ceiling, set by the Bangladesh Bank, is Tk 183 crore lower than last year and will be disbursed through public and private banks. Previously, the Bangladesh Tanners Association (BTA) wrote […]

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

High government bank lending could affect private sector credit

The government’s lofty bank borrowing target set in the draft budget for the financial year 2022-23 has raised fears among economists that the private sector may face a credit crunch. Finance Minister AHM Mustafa Kamal has offered to borrow Taka 1,06,334 crore from the country’s banking system in FY23 to cover the budget shortfall worth […]

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

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

Business news live today: latest economic news, market news, economic and financial news

Search mutual fund quotes, news, net asset values Yes Bank INE528G01035, YESBANK, 532648 Addiction INE002A01018, TRUST, 500325 ICICI Bank INE090A01021, ICICIBANK, 532174 Infosys INE009A01021, INFY, 500209 Tata Steel INE081A01012, TATASTEEL, 500470 […]

Bank loan

FirstBank secures $150m Afrexim bank loan

The African Export-Import Bank (Afreximbank) has announced that it has disbursed a $150 million financing facility to First Bank of Nigeria Limited to support businesses in Nigeria, under its Pandemic Trade Impact Mitigation Facility (PATIMFA). ). Afreximbank said the $150 million in financial support will be available to FirstBank customers who are involved in manufacturing […]

Bank loan

SWISS early terminates its bank loan guaranteed by the Swiss State

Swiss International Airlines terminated the bank loan facility in advance which had been 85% guaranteed by the Swiss Confederation, the company announced today. The support was originally scheduled 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 half of […]

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

‘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 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

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 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

Tanzania to receive 1.27 trillion shillings World Bank loan to unlock infrastructure bottlenecks

By The Citizen Reporter Dar es Salaam. Tanzania will receive a $550 million (1.27 trillion shillings) loan from the World Bank to address critical bottlenecks in the country’s roads and airports. The Bank’s new International Development Association (IDA) financing for the Tanzania Transport Integration Project (TanTIP) will also involve strengthening Tanzania’s role as a transit […]

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

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 provided its Outlook for High Yield and Bank Lending in Q2 2022. Titled “Despite the gray mood, […]

Bank loan

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

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

Bank loan

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

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

Bank loan

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

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

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 loan

AMP Bank’s loan portfolio reaches $22.6 billion

The secondary bank saw growth, albeit marginal, in loans in the first quarter of the calendar year. According to AMP Limited’s (AMP) cash flow and assets under management (AUM) figures for the first quarter of 2022, AMP Bank’s loan portfolio increased by $500 million during the quarter, bringing its total loan portfolio at $22.6 billion. […]

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

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

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

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 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 loan

GRM Information Management transforms Hanmi Bank’s lending processes with a digital document management solution

GRM Information Management, a leader in enterprise content management, recently implemented a new solution for Hanmi Bank automate and optimize their loan document management processes. Hanmi Bankwhich has thirty-five branches and eight loan origination offices across the country, already recognizes the efficiencies and cost savings enabled by cloud-based loan document lifecycle management software. JERSEY CITY, […]

Bank loan

Kotak Bank: Kotak Mahindra Bank Loan Officer Arrested

Mumbai: A loan officer working with Kotak Mahindra Bank was arrested on Saturday after a Lonavala-based hotelier accused some officials at the lender of cheating and forgery. The arrested individual was identified as Alankar Khare, who was brought before a local court which took him into custody for two days. Lonavala City Police filed a […]

Bank loan

Chandannagar Police Book Builder, Wife and Partner in Bank Loan Fraud

Police identified the developer as Girish Ramchandra Kamath of property company Orange Landmarks PUNE Chandannagar Police booked a builder and two others for deceiving three nationalized banks in a loan fraud case estimated to be worth ₹1.57 crores. Police identified the developer as Girish Ramchandra Kamath, his wife Pallav and his partner Avinash Dattatreya Bhadarke […]

Bank loan

Movable assets now authorized as collateral for bank loans

TBS report April 06, 2022, 3:20 p.m. Last modification: 06 April 2022, 19:51 Representative image. Photo: Collected “> Representative image. Photo: Collected Vehicles, machinery, furniture, electronics, software, agricultural products, minerals, processed fish and livestock – the values ​​of which can be calculated, considered chattels in banking parlance and which do not were not accepted as […]

Bank loan

Bandhan Bank’s Loan Portfolio Grows 16% in Q4; crosses Rs 1 trillion

Kolkata-based Bandhan Bank said on Tuesday that its loan portfolio crossed the Rs 1 lakh crore mark for the first time in January-March 2022, recording a 16 per cent increase from the same period ago a year. The bank’s total loan amounted to Rs 1,01,359 crore in the fourth quarter of FY22. Deposits grew […]

Bank loan

World Bank loan to help Bangladesh sustain post-Covid growth

The World Bank has approved $250 million in financing to help Bangladesh strengthen policies to support post-pandemic growth and build resilience to future shocks. Bangladesh’s first Recovery and Resilience Development Policy Credit – the first in a two-credit series – supports fiscal and financial policies aimed at strengthening macroeconomic stability and supporting growth. It supports […]

Bank loan

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

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

Bank loan

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

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

Bank loan

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

Prevent unauthorized transactions in your demat/trading account Update your mobile number/email id with your stockbroker/depository participant. Receive transaction information directly from Exchanges to your mobile/email at the end of the day and alerts to your registered mobile for all debits and other major transactions on your demat account directly from NSDL/CDSL on the same […]

Bank loan

Hellenic Bank-RCB Bank loan deal prevents stronger impact on island’s banking sector

Tuesday’s announcement by Hellenic Bank of the acquisition of a portfolio of performing loans of up to €556 million from RCB Bank Limited means that a greater impact on the island’s banking system has been avoided. The inevitable impact was triggered by the Russian invasion of Ukraine and the swift EU, British and US sanctions […]

Bank loan

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

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

Bank loan

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

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

Bank loan

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

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

Bank loan

Former chairman, 18 others charged with J&K Bank loan fraud

The CBI on Friday convicted the former chairman of J&K Bank and 18 others for causing the bank to lose Rs 800 crore by providing loans in breach of established guidelines. The CBI has booked former President Mushtaq Ahmad Sheikh and others including loan recipient REI Agro Chairman Sanjay Jhunjhunwala and Vice Chairman and Managing […]

Bank loan

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

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

Bank loan

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

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

Bank loan

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

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

Bank loan

Bangladesh signs $120 million loan agreement with World Bank

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

Bank loan

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

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

Bank loan

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

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

Bank loan

Fourth FIR against Talwalkars for bank fraud | Bombay News

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

Bank loan

Trump an outcast? A large bank loan suggests not

A pedestrian walks past security barricades in front of Trump Tower in New York City. Donald Trump’s company secured a loan for his Trump Tower in New York after banks severed ties with it a year ago, the latest of several financial wins for the ex-president suggesting he could counter a commercial reaction to the […]

Bank loan

Hotel staff raise questions over bank loan repayment – FBC News

[Source: Fijian Government] The Minister of Economy, Aiyaz Sayed Khaiyum is surprised that some banks are still not negotiating new arrangements with their customers regarding the repayment of loans. This after a member of staff at Sheraton Fiji Resort said during budget consultations yesterday that when she was out of work at the height of […]

Bank loan

New $100M bank loan suggests Trump Organization may survive fraud probe and backlash – NBC New York

A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president may survive fraud investigations and a corporate backlash over his efforts to stay in business. power after losing the 2020 elections. San Diego-based Axos Bank finalized the loan with the Trump Organization on Feb. 17, according to documents […]