Credit card

How credit card spending is linked to consumer confidence

Consumer spending by credit card remained robust in January and February, even after the end of the holiday season, a sign of growing consumer confidence and a recovery in consumption, at least among wealthier customers. Spending would improve further over time, according to trends, although February’s figures are a little lower than January’s, analysts said. […]

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

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 […]

Credit card

QIIB wins “Best Bank in Qatar for Credit Card Deals 2021” for…

(MENAFN- Gulf Times) UK-based Global Economics awarded QIIB the “Best Bank in Qatar for Credit Card Offers 2021”, in “recognition of its leadership, quality of service and ability to deal effectively with intense competition in the local market. The honor was bestowed on the QIIB at a ceremony recently organized by The Global Economics to […]

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

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 […]

Credit card

BankBazaar closes credit card year with 80% growth in issuance

BankBazaar.com, India’s largest fintech co-branded credit card issuer and free credit score online platform, saw 80% year-on-year growth in credit card issuance between December 2020 and December 2021. Growth has been driven by new credit card issuance through fully digital processes and a co-branded business model that currently accounts for 50% of the company’s credit […]

Credit card

BankBazaar closes credit card year with 80% growth in issuance – ThePrint

Bombay (Maharashtra) [India], Jan 17 (ANI/NewsSee): BankBazaar.com, India’s largest fintech co-branded credit card issuer and free credit score online platform, reported 80% year-on-year growth the other from credit card issues between December 2020 and December 2021. Growth has been driven by new credit card issuance through fully digital processes and a co-branded business model that […]

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

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

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

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

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

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

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 […]

Credit card

Saudia partners with SABB and MasterCard to launch co-branded credit card

Saudia partners with SABB and MasterCard to launch co-branded credit card By Léandra Monteiro Saudi Arabian Airlines, the Kingdom’s national airline, has announced the launch of the new co-branded SABB-ALFURSAN Mastercard Platinum credit card in partnership with British Saudi bank (SABB). The ALFURSAN co-branded card that was previously available with Alawwal Bank has been revamped […]

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 […]

Credit card

BPCL and SBI Card launch co-branded RuPay contactless credit card, Energy News, ET EnergyWorld

New Delhi: Fuel retailer BPCL and SBI Card on Thursday announced the launch of a co-branded RuPay contactless credit card, offering fuel and other benefits. Bharat Petroleum Corporation Limited (BPCL) and SBI Card have teamed up to launch the “RuPay contactless credit card co-branded with the SBI BPCL card,” according to a joint statement. The […]

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

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

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 […]