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

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Gurugram-based Ambience group promoter arrested for bank fraud: The Tribune India

Tribune press service New Delhi, July 29 The Enforcement Department (ED) today arrested the promoter of the Ambience group based in Gurugram, Raj Singh Gehlot, under the provisions of the Prevention of Money Laundering Act (PMLA) in connection with fraud bank loan of Rs 800 crore, agency officials said. Rs800 crore siphoned off The ED […]

Bank loan

The owner of the Ambience shopping center arrested by ED in a case of fraud on a bank loan worth Rs 200 crore

The Enforcement Branch arrested Raj Singh Gehlot, owner of the famous Ambience shopping center in Gurugram, in an alleged case of bank loan fraud to the tune of Rs 200 crore. ED arrested Ambience mall owner Raj Singh Gehlot in an alleged bank loan fraud case. The Directorate of Enforcement (ED) on Thursday arrested Raj […]

Reserve banking

RESERVE BANKING – THE ELEPHANT IN THE ROOM

The phrase “elephant in the room“… “…an important or huge controversial topic, issue or subject that is obvious or that everyone knows about but no one mentions or wants to discuss because it makes at least some of them uncomfortable or is personally, socially or politically embarrassing, controversial, inflammatory, or dangerous. (The source) Let’s start […]