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

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

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

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

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

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

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

Trump an outcast? New $100m bank loan suggests not

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 business backlash over his efforts to stay in power after losing the 2020 elections. San Diego-based Axos Bank finalized the loan with the Trump Organization on Feb. 17, according […]

Bank loan

Trump an outcast? new $100 million bank loan suggests not | California News

By BERNARD CONDON, Associated Press NEW YORK (AP) — 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 business backlash over to his efforts to stay in power after losing the 2020 elections. San Diego-based Axos Bank finalized the loan with […]

Bank loan

The company can raise a bank loan to complete an office complex

The Kochi Corporation can apply for a bank loan to complete the construction of its new office complex. It is estimated that the building, which stands near Marine Drive, could cost around ₹60 crore for completion. The civic body has already disbursed around ₹19 crore for the project, which was started in 2005. The estimate […]

Bank loan

MP SPEAKS | It’s called ‘bond’, not ‘bank loan’, for a reason

MP SPEAKS | Najib Razak is becoming more and more adept at putting his foot in his mouth. The latest came yesterday when the former Finance Minister questioned why his successors had not redeemed 1MDB bonds before the maturity date to save on interest charges. Najib said that if the government had used funds recovered […]

Bank loan

Romania to extend energy price cap until March 2023, proposes moratorium on bank loans

The Bucharest government has earmarked €2.9 billion for measures aimed at mitigating the impact of rising electricity and gas prices on citizens and the public and private sectors. Also in the context of the energy crisis, Romania is proposing a moratorium on bank loan repayments, while President Klaus Iohannis has announced a strategic shift towards […]

Bank loan

Beneficiaries of Gruha Hakku scheme to get bank loan up to Rs 3 lakh – The New Indian Express

By Express press service VIJAYAWADA: One Time Settlement Scheme (OTS) or Jagananna Sampoorna Gruha Hakku Scheme has proven to be more beneficial for the people of the state. Chief Minister YS Jagan Mohan Reddy on Monday launched a loan facility for beneficiaries of the OTS scheme. Chaitanya Godavari Grameena Bank extended loans worth Rs 3 […]

Bank loan

₹80l bank loan on fake notes taken, case filed | Chandigarh News

Chandigarh: Police have booked two people for allegedly deceiving a private bank out of Rs 80 lakh on the pretext of taking out a loan on a bogus bill for building materials. One of the defendants had previously been convicted of deceiving another bank out of Rs 1 crore in a similar matter. Divesh Aggarwal, […]

Bank loan

India to Secure $115 Million World Bank Loan for REWARD Project | India is blooming

The World Bank will provide a loan of 115 million dollars (869 crore rupees) to India for the program (Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme), the Ministry of Finance announced on Friday. The loan agreement was signed by the central government, the states of Karnataka and Odisha and the World Bank signed […]

Bank loan

Biggest bank loan scam in CBI history! ABG shipyard defrauds Rs 22,842 Cr with 28 banks in 5 years

The Central Bureau Of Investigation (CBI) has recorded the biggest bank loan scam in its history as Gujarat-based shipbuilding company ABG Shipyard committed fraud of Rs 22,842 crores. Apart from the agency file, it is the biggest fraud in the history of India. ABG Shipyard Ltd (ABGSL) is the flagship company of the ABG Group […]

Bank loan

Supervisory circulars issued against directors of ABG shipyard in bank loan fraud case

Image source: PTI Supervisory circulars issued against ABG shipyard administrators in nearly 23,000 crore fraud case Strong points CBI has issued lookouts against Rishi Kamlesh Agarwal, former chairman of ABG shipyard. Such circulars were also issued against 8 other people in a case of bank fraud over Rs 22,842 crore. Lookouts have been issued to […]

Bank loan

Gujarat shipbuilding firm booked for Rs 22,842 Crore loan fraud

In its biggest bank fraud case, the CBI has charged ABG Shipyard Ltd and its former Chairman and Managing Director Rishi Kamlesh Agarwal and others with allegedly defrauding a consortium of banks led by the State Bank of India out of more than Rs 22,842 crore.. Apart from Agarwal, the agency also named then-executive director […]

Bank loan

Promoter of Hyderabad-based jewelry business arrested in bank loan fraud case

The case is linked to an alleged fraud to a bank loan of Rs 67 crore. (Representative) New Delhi: The Law Enforcement Directorate (ED) said on Sunday it had arrested a managing partner of a Hyderabad-based gemstone and jewelery business in a money laundering case linked to alleged fraud in a bank loan of Rs […]

Bank loan

CBI delivers ABG shipyard for biggest bank loan fraud

New Delhi: In its biggest bank fraud case, the CBI has hired ABG Shipyard Ltd and its former Chairman and Managing Director Rishi Kamlesh Agarwal and others for allegedly deceiving a consortium of banks led by the State Bank of India by more than Rs 22,842 crore, officials said on Saturday. Apart from Agarwal, the […]

Bank loan

Bank loan fraud: ED arrests director of Hyderabad company

The Directorate of Law Enforcement (ED) has arrested the director of a Hyderabad-based company in connection with a money laundering investigation linked to an alleged fraud of a bank loan of Rs 370 crore, a the agency announced on Thursday. Balvinder Singh, director of PCH Corporation Ltd and other PCH group companies, was arrested on […]

Bank loan

RHB Bank loan growth expected to be stronger in FY21

KUALA LUMPUR: RHB Bank Bhd’s FY21 loan growth could end strong at 6%, driven by its mortgage and small and medium enterprise (SME) segments, according to Hong Leong Investment Bank Research (HLIB Research ) in a report. The research firm said that in the future, the bank plans to expand its auto finance franchise and […]

Bank loan

Brickwork improves credit ratings of Vimta Labs bank loan facilities

Vimta Labs Ltd has informed that Brickwork’s ratings have improved the credit ratings of the company’s bank facilities. The long-term rating was upgraded to BWR A with a stable outlook while the short-term rating was upgraded to BWR A1. The improved ratings of Vimta Labs Limited (VLL or the Company) reflect the continued improvement and […]

Bank loan

Court orders Pamela Gondwe to repay K270,000 ABSA bank loan acquired in 2010

THE Lusaka High Court has ruled in favor of ABSA Bank Limited in a case in which it sued fugitive Pamela Gondwe, demanding recovery of over K200,000 she owes the bank on a loan taken out in 2010. Gondwe was ordered to pay the bank K271 102.64 plus interest. In this case, the bank requested […]

Bank loan

Nigeria: Government secures $600m World Bank loan to tackle land degradation in 19 northern states, FCT

The federal government revealed on Wednesday that it had secured a $600 million loan from the World Bank to address land degradation in 19 northern states and the Federal Capital Territory, FCT. This was announced by the National Project Coordinator, Federal Government, Nigeria Erosion and Watershed Management Project, NEWMAP, Salisu Dahiru, who was represented by […]

Bank loan

World Bank loan: MEPs denounce “reckless borrowing”

Members of Parliament (MPs) rejected the 11 billion rand from the Treasury world Bank loan, saying it was unaffordable for an over-indebted country. Briefing of MPs on the loan on Tuesday, Enoch Godongwana, Minister of Finance said the government regularly seeks loans and that the World Bank gave it a loan for policy development. “Given […]

Bank loan

French far-right leader Le Pen boosts campaign with bank loan

(Bloomberg) – The French Navy Extreme right leader Le Pen has finally got a bank loan for his campaign in financial difficulty to challenge President Emmanuel Macron. A candidate for the April presidential election has obtained a loan of € 10.6 million ($ 11.8 million) from a European bank, told Agence France-Presse Jordan Bardella, President […]

Bank loan

Gwent felon with 49 offenses spent £50,000 Covid Bounce bank loan on Class A drugs

A felon with 49 offenses on his rap sheet was given a £50,000 Covid rebound loan and blew the lot on Class A drugs Louis Maxwell, 35, claimed under Rishi Sunak’s Bounce Back Loan scheme Serial con artist Maxwell has spent less than half the money – £22,000 – on a new lorry Maxwell, from […]

Bank loan

ED attaches assets of Telangana company – The New Indian Express

By PTI NEW DELHI: Assets worth Rs 43.25 crore of a Hyderabad-based company have been seized under anti-money laundering law in connection with an alleged bank loan fraud case, the Directorate of Law Enforcement (ED) announced on Thursday. An interim order under the Prevention of Money Laundering Act (PMLA) has been issued by the agency […]

Bank loan

ED to question C Parthasarathy in police custody

Hyderabad: Comandur Parthasarathy, the Chairman and CEO of Karvy Stock Broking Limited (KSBL), who was arrested by the Enforcement Department (ED) on Sunday in connection with a bank fraud case, is expected to be questioned in police custody . The agency secured five-day custody of the alleged accused. Prathasarathy is currently being held in Chanchalguda […]

Bank loan

CBI hands over Chennai-based firm for multi-crore bank loan fraud

Representative image | Photo credit: IANS Highlights CBI booked a city-based food production company for defrauding multiple banks of over Rs 200 crore The CBI has filed a complaint against Oceanic Tropical Fruits Private Limited (OTFPL) According to the FIR filed by CBI, directors of company A Joseb Raj, Vimala […]

Bank loan

Montenegro repays second installment of Chinese Exim Bank loan

PODGORICA (Montenegro), Jan 24 (SeeNews) – Montenegro has repaid the second installment of a loan granted by Chinese bank Exim for the construction of the Bar-Boljare highway, the country’s finance ministry has announced. The government paid 28.96 million euros ($32.8 million) of the second tranche of the loan, realizing savings worth 5.15 million euros, due […]

Bank loan

World Bank loan, heat wave alert and Zandile Mafe

Here is your daily news update. Click on the links below for the full story or visit our homepage for the latest news. Daily News January 22 Mafe was inside Parliament for more than a day – report Parliament arson accused Zandile Mafe is said to have spent at least 30 hours inside the parliament […]

Bank loan

Rs 1k cr loan from World Bank to Government of Bengal to help social sector programs

Kolkata: The World Bank has approved a $125m (about Rs 1,000 crore) loan to the government of West Bengal for inclusive social protection in what appears to be a major acknowledgment of Chief Minister Mamata Banerjee’s social pension schemes for groups vulnerable in society. On Saturday, the state government said: “The foresight of the Honorable […]

Bank loan

EFF calls for urgent meeting with Godongwana over World Bank loan

The Economic Freedom Fighters (EFF) say they have written to Finance Minister Enoch Godongwana and the Chairman of the Standing Finance Committee, demanding an urgent meeting on the approval of an 11 billion rand loan from the World Bank. A joint statement from the Global Group and the National Treasury says the loan will help […]

Bank loan

The third wave of Covid has yet to derail bank loan collections

Bombay : Bounce rates or defaults on equivalent monthly payments have not deteriorated so far in January as most borrowers are paying their dues on time, banks and nonbank lenders said. The trend indicates that borrower incomes have been isolated so far from the third wave of the pandemic, unlike what was seen in the […]

Bank loan

Bank loan fraud: ED arrests chief executive of Hyderabad company

The promoter and managing director of a Hyderabad-based company has been arrested under the anti-money laundering law in connection with a bank loan fraud of Rs 402 crore, where a consortium of public sector banks allegedly been cheated, the Enforcement Branch (ED) said Tuesday. Avasarala Venkateswara Rao of Servomax India Private Limited (SIPL) was arrested […]

Bank loan

HDFC Bank – Changing Loan Mix to Boost Net Interest Margin Expansion : Nirmal Bang

BQ Blue’s special research section brings together in-depth and quality research reports on stocks and the economy from India’s leading brokers, asset managers and research agencies. These reports offer BloombergQuint subscribers the opportunity to broaden their understanding of companies, sectors and the economy. HDFC Bank Ltd. announced a stable quarter with net profit in line […]

Bank loan

Bank Loan Fraud: Enforcement Directorate Arrests Managing Director of Hyderabad Company

The promoter and managing director of a Hyderabad-based company has been arrested under the anti-money laundering law in connection with a bank loan fraud of Rs 402 crore, where a consortium of public sector banks allegedly been cheated, the Enforcement Branch (ED) said Tuesday. Avasarala Venkateswara Rao of Servomax India Private Limited […]

Bank loan

Questions about bank loans are ‘invasive’ | RNZ News

First published on By Wyatt Ryder Other stories emerged detailing the effects of tough new loan changes, including a woman who was asked about her social life, work and spending down to the dollar. Loan applicant: “Every transaction has been analyzed and questioned.” Photo: 123RF Changes to the law on credit agreements and consumer credit […]

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

Bank loan books, asset quality at risk due to Omicron, according to ICRA

As the Omicron variant of Covid-19 cases spreads across the country, a potential third wave of viral infection poses a risk to the quality of banks’ assets, especially the restructured loan portfolio, according to the rating agency ICRA. “Banks have restructured most loans (during the second wave of Covid-19) with a moratorium of up to […]

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 attached assets include residential and commercial land, and their total value is Rs 26.25 crore. 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 […]

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

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

IRELAND’S COMPETITION WATCHDOG has announced an in-depth investigation into a proposed deal between AIB and Ulster Bank. The Competition and Consumer Protection Commission (CCPC) is moving into a full Phase 2 investigation into a planned acquisition by AIB of Ulster Bank’s loan book – a portfolio of performing commercial loans. In a statement, the CPCC […]

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

Information Minister Lai Mohammed lists around N300 billion loan from World Bank as Buhari’s achievement in 2021

Lai Mohammed, Minister of Information and Culture, listed the 100 achievements of the Muhammadu Buhari administration in 2021. Addressing a press conference in Lagos on Thursday, Mohammed said that despite the challenges of 2021, the administration has made “enormous” progress in tackling insecurity and growing the economy. He listed a $700 million (about N300 billion) […]

Bank loan

World Bank loan will support Vietnam’s economic recovery

Although everyone has been deeply affected by the COVID-19 pandemic, the impact on young people has been “particularly heartbreaking”, UN Secretary-General António Guterres said on Monday. In one video messageAt the Global Youth Forum in Sharm el-Sheikh, Egypt, he urged participants to help shape a better world after the crisis, in line with the theme […]

Bank loan

World Bank loan to support Vietnam’s economic recovery

HANOI, Dec. 27 (Xinhua): The Vietnamese government and the World Bank have signed a $221.5 million financing agreement to support the country’s recovery from the Covid-19 pandemic through policy reforms. The credit is a budget support operation and comes in the form of concessional terms for a period of 30 years with a grace period […]

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: Law Enforcement Directorate seizes assets worth Rs 100,000,000

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

Fidelity Bank loan impairment charges drop in Q3

Fidelity Bank Plc suffered a 21% decline in quarter-on-quarter after-tax profit to N7.2 billion in the third quarter as soaring cost of funds consumed its profits. This diluted the strong growth momentum the bank recorded in the semester. Interest expense rose 85% quarter-on-quarter to N33.6 billion for the three months, which was around 47% of […]

Bank loan

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

• Said the National Water Resources Bill will be passed in 2022The federal government said it had secured a $700 million loan from the World Bank for specific water projects in the country. Water Resources Minister Suleiman Adamu disclosed this yesterday while addressing reporters on the sidelines of the ministry’s first awards and recognition ceremony […]

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

FG secures $700m World Bank loan to tackle poor water supply

the The federal government revealed that it had secured a $700 million loan from the World Bank for specific water projects across the country. This was announced by the Minister of Water Resources, Alhaji Suleiman Adamu during a media chat on the sidelines of the inaugural award ceremony of the Ministry’s Rewards and Recognition System […]

Bank loan

Federal government secures $ 700 million loan from World Bank to improve water supply

The federal government has revealed that it has secured $ 700 million from the World Bank to improve water supplies across the country. This was made known Monday by Minister of Water Resources Alhaji Suleiman Adamu during a media conversation on the sidelines of the inaugural awards ceremony for the ministry’s awards and recognition system […]

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

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

Business News | Stock and Equity Market News | Financial News

Search mutual fund quotes, news, net asset values Suzlon Energy INE040H01021, SUZLON, 532667 Trident INE064C01022, TRIDENT, 521064 TataTeleservice INE517B01013, TTML, 532371 HFCL INE548A01028, HFCL, 500183 CDS INE467B01029, SDC, 532540 Search mutual fund quotes, news, net asset values Suzlon Energy INE040H01021, SUZLON, 532667 Trident INE064C01022, TRIDENT, 521064 TataTeleservice INE517B01013, TTML, 532371 HFCL INE548A01028, HFCL, 500183 CDS […]

Bank loan

Hong Leong Bank Loan Facility for Home Solar Power System

PETALING JAYA: Hong Leong Bank and Hong Leong Islamic Bank (HLB) have set up a green energy financing mechanism called HLB Solar Plus Loan / Financement-i allowing homeowners to install a solar power system which will save them on their monthly expenses. electricity bills. The HLB Solar Plus-i Loan / Finance is open to new […]

Bank loan

Nigeria secures $98m loan from Islamic bank to boost bilingual education

By Fred Ezeh Abuja The Board of Directors of the Islamic Development Bank (IDB) has approved a $98 million multi-year financial facility program for the promotion of bilingual education in Nigeria. The Head of Public Relations and Protocol of the Universal Basic Education Commission (UBEC), Mr. David Apeh, in a statement released in Abuja on […]