Bank loan

Philippines seeks $6 billion loan from central bank in 2022

MANILA, Dec 11 (Bloomberg): The Philippine government is seeking a 300 billion peso ($5.96 billion) loan from the central bank next year, lower than this year’s budget support, as it plans that the economy will recover, said Finance Secretary Carlos Dominguez announced. The government has also informed the Bangko Sentral ng Pilipinas that it will […]

Bank loan

Suicide following refusal of bank loan; Aid flows in the form of money, gold | vipin suicide in thrissur

Thrissur: People from all walks of life have come forward to help the family of Vipin (25), who committed suicide on Monday for not getting a loan for his sister’s wedding. The Majlis Park Charitable Trust in Thrissur has announced financial aid of Rs 2.5 lakh for the wedding of Vipin’s sister. In addition, Kalyan […]

Bank loan

Green bank loan helps Forza renovate energy-efficient offices

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

Bank loan

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

Initially, for those unfamiliar with the nomenclature “Hindu Rate of Growth”, it refers to the slow economic growth of post-independence India until the 1990s when several economic liberalization measures were undertaken . Until the 1990s, the growth rate was around 4%, which accelerated later after the 1990s to 8-9%. Banks have three major legal avenues […]

Bank loan

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

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

Bank loan

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

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

Bank loan

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

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

Bank loan

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

Reflecting the surge in holiday demand, retail bank lending covering housing, vehicles and credit cards, etc., rose 11.7% year-on-year in October 2021, up from 8 , 7% in October 2021. Data from the Reserve Bank of India showed year-over-year growth in home loans was stable at 8.4% in October 2021 from 8.1% a year ago. […]

Bank loan

Indian state of West Bengal secures $ 135 million loan from World Bank to improve efficiency and reliability of electricity supply

WASHINGTON, November 29, 2021—The World Bank Board of Directors has approved a $ 135 million loan to the Indian state of West Bengal to improve operational efficiency and reliability of electricity supply in parts of the state. West Bengal is strategically located along the corridor to North East and South East Asia and plays an […]

Bank loan

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

First live site in the Democratic Republic of the Congo 15 live sites in Cameroon 32.68% Penetration rate after 1 month for the first 10 sites in Cameroon Afriland First Bank loan of CAD 2.87 million approved for Cameroon End of year changed to December 31 QUEBEC, QC / ACCESS WIRE / November 29, 2021 […]

Bank loan

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

First live site in the Democratic Republic of the Congo 15 live sites in Cameroon 32.68% Penetration rate after 1 month for the first 10 sites in Cameroon Afriland First Bank loan of CAD 2.87 million approved for Cameroon End of year changed to December 31 QUEBEC, QC / ACCESS WIRE / November 29, 2021 […]

Bank loan

Pangasinan residents oppose LGU’s P500-M bank loan

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

Bank loan

Brics bank loan of 7 billion rand from Sanral stopped by National Treasury

Concerns over low e-toll collection rates on the Gauteng Highway Improvement Project (GFIP) were one of the main reasons the National Treasury rejected a request for a government guarantee of R7 billion. to cover a loan to the South African National Roads Agency (Sanral) by the New Development Bank (NDB) of the Brics economic block […]

Bank loan

Cooperative secures shing 6.3 billion EU bank loan for SME lending

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

Bank loan

Execution management attaches assets of Rs 42 crore to Kolkata company – The New Indian Express

Through PTI NEW DELHI: Assets worth over Rs 42 crore of a Kolkata-based company seized in connection with money laundering investigation linked to alleged bank fraud case, announced on Monday the Directorate of Execution (ED). An interim order for the seizure of 11 properties of Shree Mahalaxmi Corporation Pvt Ltd has been issued under the […]

Bank loan

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

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

Bank loan

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

New Delhi: The Enforcement Directorate (ED) said on Tuesday it raided the premises of the Ghosh Brothers group of companies, a leading trading group with several car dealerships in Guwahati, in connection with a related money laundering investigation to an alleged fraud on a bank loan against him. Cash and jewelry worth Rs 63 lakh […]

Bank loan

Universities risk closure of World Bank loan deal

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

Bank loan

Cash-strapped Kenyan universities face closure under World Bank loan deal

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

Bank loan

Key accused in Rs 100 crore Karuvannur bank loan fraud lands in police net

Through Express news service THRISSUR: The Criminal Branch team investigating the Rs 100 crore loan scam to the Karuvannur Cooperative Service Bank has arrested accused Pallath Kiran of Kollengode in Palakkad. It is alleged that Kiran, 31, from Perinjanam in Thrissur, received a loan of around Rs 22 crore through Benami accounts although he was […]

Bank loan

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

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

Bank loan

Farmers Bank loan scam: Ex-Chief Justice Sinha gets 11 years

Former Chief Justice Surendra Kumar Sinha was the main beneficiary of illegal loans granted to him in breach of Farmers Bank credit policy, a Dhaka court observed in its verdict yesterday. The court sentenced Sinha to seven years in prison for money laundering and an additional four years for breach of trust, to be served […]

Bank loan

CBI arrests son of former Assam CM in bank loan default case

On November 7, the Central Bureau of Investigation (CBI) arrested Ashok Saikia, the eldest son of former Chief Minister of Assam Hiteswar Saikia, in a bank loan default case. The CBI team arrested Saikia, the brother of the leader of the Legislative Party of Congress, Debabrata Saikia, from his residence in Sarumataria de Guwahati in […]

Bank loan

CBI Arrests Former Assam CM Hiteswar Saikia’s Son In Bank Loan Default Case

The Central Bureau of Investigation (CBI) arrested Ashok Saikia, the eldest son of former Assam Chief Minister Hiteswar Saikia, on Sunday in a bank loan default case. The CBI team arrested Saikia, the brother of the leader of the Legislative Party of Congress, Debabrata Saikia, from his residence in Sarumataria in Guwahati in a case […]

Bank loan

CBI delivers son of former Assam CM

GUWAHATI: On November 7, the Central Bureau of Investigation (CBI) sentenced the younger son of the former Chief Minister of Assam, Hiteswar Saikia, Ashok Saikia (director of HBS India Pvt. Ltd) in connection with the case of the Assam State Cooperative Bank for Agriculture and Rural Development (ASCARD) fraud of 1995 -96. CBI officials raided […]

Bank loan

PHL online for a $ 200 million loan from the World Bank to finance a nutrition program

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

Bank loan

Major Industry Players, Recent Trends, Potential Growth, Share, Demand and Forecast to 2026

The latest Bank Loan Software Market report estimates the current market opportunity and scenario, providing information and updates on the corresponding segments involved in the Global Bank Loan Software Market for the forecast period 2020- 2025. The report provides a detailed assessment of key market dynamics and comprehensive information about the structure of the Bank […]

Bank loan

Cedi seeks to ease African Development Bank loan

Archive photo of Ghana cedis banknotes The cedi depreciated slightly against the dollar this week, slipping to 6.103 from 6.08 at last week’s close despite recent interventions by the Bank of Ghana to ease pressure on the currency through its currency auctions. in the long term. Rising borrowing costs and investor preference for dollar-denominated securities […]

Bank loan

Lamprell Secures $45M Bank Loan To Build Jack-Up Duo | Rigzone

Construction specialist Lamprell has signed a $45 million revolving commercial loan facility to cover the construction costs of two IMI jack-up rigs. Lamprell said it secured the funding for continued construction of those two rigs earlier this month. The group added that it had signed a $45 million revolving commercial loan facility with First Abu […]

Bank loan

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

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

Bank loan

Ministry of Finance: Borrowers can still apply for a moratorium on bank loans as part of the relaunch of Pemulih | Malaysia

Deputy Finance Minister I Mohd Shahar Abdullah speaks during the closing session of Malaysia’s 12th Plan in Dewan Rakyat on October 5, 2021. – Bernama pic KUALA LUMPUR, Oct. 27 – Borrowers in need of financial assistance can still apply for the moratorium under the National People’s Welfare and Economic Recovery Program (Pemulih). Deputy Finance […]

Bank loan

Flexible approach to bank loan restructuring encouraged

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

Bank loan

P2P lending machine fires high amid slow bank loan disbursements

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

Bank loan

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

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

Bank loan

Radia and others asked to join the investigation in a 300 crore bank loan embezzlement case

The Delhi Police’s Economic Crimes Wing has given notice to Niira Radia and other promoters and directors of Nayati Healthcare and Research NCR Pvt Ltd, to join the investigation into the alleged misappropriation of over 300 crore of bank loan, police said on Tuesday. A senior officer said the notice was served on Ms Radia […]

Bank loan

DP invokes lobbyist Niira Radia in Yes Bank Loan Fraud

Did Niira Radia buy a one-way ticket to London to escape Yes Bank loan fraud? Niira Radia and her sister Karuna Menon flew to London After stopping her Co-directors, the economic offenses wing of Delhi Police (EoW) summoned controversial lobbyist Niira Radia in a bank loan fraud of over Rs. 300 cr. But we learn […]

Bank loan

Wall Street Week Ahead: Growth in Regional Bank Lending Could Portray Healthier Supply Chains

A healthy increase in new loans to regional banks would be a strong signal that supply chain problems are moderating, said Steven Comery, analyst at Gabelli Funds. (image file) If regional banks show signs of accelerating loan growth when they report earnings in the coming week, this could signal an easing of supply chain bottlenecks […]

Bank loan

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

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

Bank loan

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

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

Bank loan

Chinese yuan soars as focus shifts to bank lending c.

(Updates national close price, adds analyst commentary and context) SHANGHAI, Oct. 13 (Reuters) – The Chinese yuan rose slightly against the dollar during the nationwide close on Wednesday, as investors digested upbeat export data and turned to whether the central bank would renew medium-term loans maturing later this week. Before the market opened, the People’s […]

Bank loan

The recovery of Sonali Bank loans from the top 20 defaulters is only 0.43%

Sonali Bank fell short of its credit collection target ranked among the top 20 failing organizations by a mile in the first eight months of this year. The state-owned bank was only able to recover 0.43 percent during the period from the annual target of Tk 2,232 crore, according to data from the bank’s loan […]

Bank loan

The prerequisites for a bank loan

Entrepreneurs, especially women in Bangladesh, face various business challenges, including lack of access to credit, entrepreneurial experience, marketing opportunities, skills required and non-cooperation of wholesalers and others. obstacles in the supply chain ecosystem. According to experts, access to credit is one of the biggest obstacles for women entrepreneurs, but different studies have shown that women […]

Bank loan

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

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

Bank loan

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

New Delhi, September 30 The Directorate of Enforcement (ED) today announced that it has issued a provisional seizure order under the Prevention of Money Laundering Act to seize assets worth Rs 145.26 crore owned by SA Rawther Spices Pvt Ltd and others in the J&K Bank loan fraud case. ED officials said the attached assets […]

Bank loan

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

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

Bank loan

Enforcement Branch Seizes Assets of Spice Trading Company in J&K Bank Loan Fraud Case

The agency said that a factory building, shops, apartments and land of the company, SA Rawther Spices Private Limited and others were tentatively attached to the PMLA. The Directorate of Enforcement (ED) seized assets worth more than 145 crore of a Bengaluru-based spice company in a money laundering investigation linked to alleged fraud on loans […]

Bank loan

Assets of Spices company seized by ED following JK bank loan fraud

Assets worth over Rs 145 crore of a Bengaluru-based spice company in a money laundering investigation linked to alleged loan fraud at J&K Bank have been seized by the Management of application (ED) attached The agency said in a statement on Wednesday that a factory building, shops, apartments and land of the company, SA Rawther […]

Bank loan

Dunelm Billionaire pledges $ 735 million in stock for bank loan

(Bloomberg) – Will Adderley, Dunelm Group Plc’s largest shareholder, has pledged part of his stake in the household goods retailer to secure funding from Banco Santander SA. The billionaire son of Dunelm’s founders pledged 36 million shares, nearly half of his total stake, through an investment firm to secure a loan facility with the bank, […]

Bank loan

Business News | Stock market and stock market news

Search for quotes, news, net asset values ​​of mutual funds IRCTC INE335Y01012, IRCTC, 542830 IEX INE022Q01020, IEX, 540750 Power of Tata INE245A01021, TATAPOWER, 500400 Addiction INE002A01018, RELIANCE, 500325 ICICI Bank INE090A01021, ICICIBANK, 532174 Search for quotes, news, net asset values ​​of mutual funds IRCTC INE335Y01012, IRCTC, 542830 IEX INE022Q01020, IEX, 540750 Power of Tata INE245A01021, […]

Bank loan

The bank loan software market is thriving worldwide with CSS IMPACT,

Bank Loan Software Market 2020-2025 Global Bank Loan Software Market Report – Production and Consumption Professional Analysis (Impact of COVID-19) is the latest research study published by HTF MI assessing market risk analysis, highlighting opportunities and exploited with a support for strategic and tactical decision-making. The report provides information on market trends and development, growth […]

Bank loan

Representatives investigate Rivers exclusion from World Bank loan for projects

The House of Representatives on Wednesday called for an investigation into an alleged exclusion of Rivers State from projects funded by a new World Bank loan. Solomon Bob (PDP-Rivers) had alleged in the House that the federal government, as some newspapers widely reported, is the only state that would not benefit from the loans. He […]

Bank loan

Rs 100 crore Karuvannur Missing Bank Loan Scam Whistleblower – The New Indian Express

Through Express news service THRISSUR: Sujesh Kannattu, the whistleblower of the Rs100 crore loan fraud at the Karuvannur Cooperative Services Bank and former member of the local CPM committee in Porathissery, has disappeared. Her brother filed a missing person complaint with the Irinjalakuda police on Sunday. According to his brother Suresh Kannattu, “Sujesh left home […]

Bank loan

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

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

Bank loan

Moldova to obtain 24.8 million euros loan from the World Bank for vaccination against Covid-19

CHISINAU (Moldova), Sept. 17 (SeeNews) – Moldova will receive a loan of 24.8 million euros ($ 29.2 million) from the International Development Association (IDA), which is part of the group of World Bank, to finance the purchase of Covid-19 vaccines and make the vaccination process run more smoothly, the government announced. The funds will also […]

Bank loan

ADGM-based lessor Sirius concludes bank loan with Deutsche Bank to refinance aircraft acquisition

Aircraft lessor Sirius Aviation Capital Holdings said one of its joint venture units closed its first bank facility with Deutsche Bank to refinance the acquisition of five narrow-body aircraft it acquired in 2020. The five planes are leased from three different carriers: three Boeing 737 Next-Generation with Texas-based Southwest, one Airbus A320 with Florida-based Spirit […]

Bank loan

Chicago to Unveil Data on Bank Lending in Aim 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 loan

Woman turned down bank loan at 22 starts fashion business from the kitchen table – three years later, she’s close to making her first million

Fashion entrepreneur Ainsleigh-Paige Rigby didn’t let being pushed back for a bank loan at the age of 22 keep her from starting her own business from her kitchen table – and now she’s on. the point of selling his first million at the age of 26. Ainsleigh first came up with the idea of ​​creating […]

Bank loan

CARE revises ratings of Akshar Spintex bank credit facilities

Akshar Spintex Ltd has informed that ratings have been assigned to the Company by CARE Ratings Limited for the Company’s bank loan facilities totaling Rs20.02cr. Long-term bank facilities were assigned a CARE BB + / Stable rating while short-term ratings were reaffirmed at CARE A4. According to the justification report, the revision of the long-term […]

Bank loan

Converge ICT obtains a loan from the Land Bank of P 3 billion for the fiber optic network

Converge ICT Solutions Inc. on Friday announced that it has signed a 3 billion PPP loan with the state-run Land Bank of the Philippines to finance the completion of its domestic terrestrial and submarine fiber backbone and support the working capital needs of the Internet service provider. “This loan financing brings us one step closer […]

Bank loan

Brickwork reaffirms the ratings of Kallam Textiles’ bank credit facilities

Brickwork Ratings Reaffirms “BWR D” Rating for Bank Loan Facilities of Rs369.74cr from Kallam Textiles Ltd (formerly Kallam Spinning Mills Ltd) The reaffirmation of the rating continues to reflect the delay in meeting debt obligations, i.e. the repayment of the principal amount of TL with one of the lenders and, therefore, the classification of the […]

Bank loan

Another Karvy Stock Broking executive arrested in bank loan default case

Home ” General ” Business ” Another Karvy Stock Broking executive arrested in bank loan default case Hyderabad, September 3 (SocialNews.XYZ) Hyderabad’s Central Crime Station (CCS) on Friday arrested Karvy Stock Broking Ltd secretary Y. Sailaja in the bank loan default case. The police brought her before a municipal court, which sent her into custody. […]

Bank loan

CRISIL reaffirms the ratings of Cera Sanitaryware’s bank credit facilities; Stock soars 2%

CRISIL Ratings reaffirmed its “CRISIL AA- / Stable / CRISIL A1 +” ratings on the banking facilities of CERA Sanitaryware Ltd (CERA) valued at Rs 100 (instead of 67 Cr) and reaffirmed its “CRISIL A1 +” rating on the commercial paper program. The ratings continue to reflect the company’s established position in the domestic sanitary […]

Bank loan

IndusInd Bank loan default: CEO and CFO of Karvy Stock Broking arrested

Managing Director Rajiv Ranjan Singh (52) and CFO G Krishna Hari (63) of Karvy Stock Broking Limited (KSBL) were arrested Thursday by Hyderabad Police for alleged financial irregularities, including defaults on bank loans and the lifting of loans. against the securities of clients without their consent. Chairman and CEO of KSBL, C Parthasarathy (67), had […]

Bank loan

Karvy Stock Broking CEO and CFO Arrested for Embezzlement

Hyderabad: In connection with the default of IndusInd bank, city police on Thursday arrested Rajiv Ranjan Singh, managing director and G. Krishna Hari financial director of the Karvy Stock Broking Limited (KSBL) scam for financial irregularities suspected, default on payments and borrowing against securities of clients without their consent. The arrest was based on a […]

Bank loan

A look at high yield credit yields

A properly diversified credit portfolio should be exposed to both high yield corporate bonds and bank loans given their comparable value NEW YORK, Aug.31, 2021 (GLOBE NEWSWIRE) – Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today presented its outlook for third-party bank and high-yield loans. quarter 2021. Entitled “A […]

Bank loan

Debate intensifies over co-op bank loan waiver – The New Indian Express

Through Express news service CHENNAI: Former minister and AIADMK member Sellur K Raju on Wednesday urged the state government in the assembly to take action against those who committed irregularities while forgoing cooperative bank loans. During the response to the request for grants for the cooperation department, Minister I Periyasamy said that a huge sum […]

Bank loan

OJK: disbursement of the bank loan to IDR 1,439 billion in the first half

TEMPO.CO, Jakarta – The Financial Services Authority (OJK) recorded that in the first half of 2021, the banking sector had disbursed 1,439 billion rupees in loans. “The financial services sector remains stable, with data for July showing positive growth figures, such as intermediary functions of banks and raising capital in the financial market,” said the […]

Bank loan

The promoter of the Karvy group detained for default on a bank loan

One of the promoters of the Karvy Group scam was arrested here Thursday for non-payment of a bank loan, police said. C Parthasarathy was arrested for non-payment of a loan taken from IndusIndbank in 2019 and for diverting the funds to other bank accounts, said Avinash Mohanty, Joint Police Commissioner (Detective), adding that ‘there were […]

Bank loan

ED registers complaint against six in Karuvannur bank loan fraud case – The New Indian Express

Through Express news service KOCHI: The Directorate of Execution (ED) registered a complaint against six people associated with the Karuvannur cooperative bank managed by the CPM in Thrissur where manipulation of funds of more than 300 crore was detected. The ED has registered the Execution Case Information Report (ECIR) under various sections of the Money […]

Bank loan

Water projects: Ekiti and Kaduna will benefit from a loan of 700 million dollars from the World Bank

The federal government says seven states will benefit from the first tier of the World Bank’s $ 700 million loan for specific water projects. The states are Bauchi, Delta, Ekiti, Imo, Katsina, Kaduna and Plateau. Suleiman Adamu, Minister of Water Resources, made this known Thursday during the weekly ministerial press briefing organized by the presidential […]

Bank loan

Couples in trouble after organizing the kidnapping of their daughter to repay a bank loan

Couples have been arrested in Delta State for allegedly organizing the kidnapping of their daughter. The victim was reported missing earlier after leaving to work at the Okumagba Estate in Warri on July 19, 2021, and never returned home. Reports made available to reporters moments ago by the State Police Command noted that the couple […]