Financial institutions

PaydayNow Personal loans: What can I use them for?

A personal loan is usually unsecured (no collateral required), and you can use it for various purposes. Personal loans are available through credit unions, banks, and online lenders. Choose a personal loan if you need money to cover a significant purchase or an unexpected bill. Unlike loans tailored for a specific purchase, personal loans are […]

Bank loans

UP: Gang arrested for falsifying documents to obtain bank loans, 3 arrested

A Kanpur gang has been arrested for falsifying documents to obtain bank loans. Three defendants have been arrested in this case. Gang arrested for falsifying documents to obtain bank loans. Police in Nazirabad, Uttar Pradesh have exposed a gang that was granting loans on false documents. The gang was getting a loan using fake bank […]

Debt finance

No risk for Maldives in debt repayment: finance minister

Finance Minister Ibrahim Ameer said there was no risk for the Maldives to repay its debt. The Minister made the statement to Parliament’s Economic Committee on Thursday, while briefing the committee on the proposed amendment to the Tourism Law to reduce land rent imposed on seaside resorts. The government withdrew the amendment on Wednesday after […]

Financial institutions

Scams are on the rise. What should financial institutions do to better protect themselves and their customers?

Scams, the number one type of crime in the United States, continue to threaten financial institutions and their customers. Recently released data from the Federal Trade Commission (FTC) shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70% from the year former. The FTC also shared […]

Financial institutions

Scams are on the rise. What should financial institutions do to better protect themselves and their customers?

Scams, the number one type of crime in the United States, continue to threaten financial institutions and their customers. Recently released data from the Federal Trade Commission (FTC) shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70% from the year previous. The FTC also shared […]

Bank loans

Smart locker startup Budbee raises $40m to extend bank loans

Swedish startup Budbee has had a few good years. Thanks to the Covid-induced boom in online spending, the last-mile delivery company has more than doubled its turnover to 80 million euros in 2021. But now, with rising inflation, as well as electricity and gas costs, consumer spending is falling. According to the Swedish trade association, […]

Bank loans

Disney’s price hike is forcing customers to take out bank loans to afford vacations

It seems some Disney guests want to visit Walt Disney World and Disneyland so badly that they’re not just saving up for vacations anymore, but taking out loans to make the magic happen. Credit: Disney It’s no secret that Disney is an expensive place to vacation. Now that hotel rooms are harder to come by, […]

Debt finance

Startup Karbon Card raises Rs 55 cr debt funding from Northern Arc and others

Karbon Card, a start-up providing corporate cards and an emerging neobank for new era start-ups and small and medium enterprises, has raised Rs 55 crore in a debt financing round from Northern Arc Capital, UC Inclusive Credit (UCIC) and Oxyzo Financial Services. Bengaluru-based UCIC, incubated by Unitus Capital, is an impact-focused non-bank finance company registered […]

Debt finance

Karbon Card Raises INR 55 Crore in Debt Funding

Karbon Card Raises INR 55 Crore in Debt Funding By Leandra Monteiro Karbon Card (Karbon), India’s largest and fastest growing corporate card provider and an emerging neobank for new-era start-ups and SMEs, has raised INR 55 crore as part of of a debt financing round from Northern Arc Capital, UC Inclusive Credit Private Limited and […]

Bank loans

Review of Central Bank of Zimbabwe loan suspension this week

Jean Mangudia HARARE – The Reserve Bank of Zimbabwe (RBZ) will review the recently announced suspension of bank lending this week as it prepares to investigate contractors over allegations they are fueling the black market. In an unrestricted interview last week, RBZ Governor Dr. John Mangudya said the temporary suspension was a necessary inconvenience in […]

Bank loans

sitharaman: Ethanol units: FM will push for bank loans | Patna News

PATNA: Union Finance Minister Nirmala Sitharaman will visit the state next month and address the concerns of the state government over bank lending issues faced by investors who have submitted proposals for the creation of ethanol production units in Bihar. On the other hand, Union Education Minister Dharmendra Pradhan has agreed to consider Birla Institute […]

Bank loans

For bank lending to NBFCs, RBI allows classification by priority sector

New Delhi: The Reserve Bank of India (RBI) on Friday allowed banks, including smaller financial banks, to continue extending credit to non-banking financial corporations (NBFCs) with the aim of on-lending to priority sectors specified. Commercial banks could lend to NBFCs and Small Financial Banks (SFBs) could lend to NBFC-MFIs with the aim of onlending to […]

Bank loans

China April new bank loans plummet as COVID shakes economy

* April new loans 645.4 billion yuan vs. 1.52 trillion yuan f’cast * April M2 money supply +10.5% y/y, vs. f’cast of +9.9% * April TSF 910.2 billion yuan, against f’cast 2.15 trln yuan * C.bank pledges to step up support for slowing economy BEIJING, May 13 (Reuters) – New bank lending in China hit […]

Bank loans

China in April, New Bank Lending Falls as COVID Shakes Economy | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China hit its lowest level in nearly four-and-a-half years in April as the COVID-19 pandemic rattled the economy and weakened demand for credit, it showed on Friday. central bank data, after it pledged to strengthen its support to avoid a steeper slowdown. […]

Bank loans

Singapore bank lending to rise as Southeast Asia reopens after pandemic

Singapore has opened its borders to fully vaccinated visitors.Source: iStock Singaporean banks are expected to see faster loan growth and better profitability as Southeast Asian economies open up for business and travel after two years. Loans in the three Singaporean banks – DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. ltd. or OCBC, and United Overseas […]

Bank loans

Bank loans to government stand at N16.32 billion – CBN

Central Bank of Nigeria The Nigerian banking sector’s total net credit to the government increased by N2.2 trillion in the first quarter ended March 2022 to N16.32 trillion. The figures obtained from the Central Bank of NigeriaData on “money and credit statistics” showed this. According to the data, Net Credit to Government increased from N14.12 […]

Bank loans

Bank loans to government reach N16.32 billion – CBN

The Nigerian banking sector’s total net credit to the government increased by N2.2 billion in the first quarter ended March 2022 to N16.32 billion. Figures obtained from the Central Bank of Nigeria’s “Money and Credit Statistics” data showed this. According to the data, Net Credit to Government increased from N14.12 billion at the end of […]

Bank loans

Borrowers start paying 90% of coronavirus bank loans again

Capital markets Borrowers start paying 90% of coronavirus bank loans again Wednesday, May 11, 2022 Banks have seen customers resume normal payments on 90% of loans that have been restructured following the Covid-19 pandemic. FILE PHOTO | NMG By CONSTANT MUNDAMore from this author Summary This eased the pressure on the lender’s capital in addition […]

Bank loans

Permanent TSB’s plan to acquire €7.6 billion in loans from Ulster Bank is set to be investigated at arm’s length

Permanent TSB’s plan to secure 7.6 billion euros in loans and other assets from Ulster Bank is the latest banking deal to be fully investigated by the watchdog. competition amid significant concerns about less competition. The Competition and Consumer Protection Commission, or CCPC, said the deal reached late last year will now be referred to […]

Bank loans

Competition watchdog subjects PTSB’s Ulster Bank loan purchase plan to scrutiny

The state’s competition watchdog has launched a thorough assessment of Permanent TSB’s (PTSB) plan to buy 6.8 billion euros in loans from Ulster Bank, in line with the in-depth review that ‘it applies to transactions resulting from the exit of the British bank and competitor of KBC Bank Ireland on the market. The Competition and […]

Bank loans

Watchdog reviewing plan to buy Ulster Bank loans from PTSB

The state’s competition watchdog has launched a thorough assessment of Permanent TSB’s (PTSB) plan to buy £6.8bn of loans from Ulster Bank, in line with the in-depth review that it applies to transactions resulting from the exit of the British bank and competitor of KBC Bank Ireland on the Irish market. The Competition and Consumer […]

Personal loans

CRB ratings freeze hurts personal loans, lenders say

Capital markets CRB ratings freeze hurts personal loans, lenders say Monday 09 May 2022 Central Bank of Kenya. FILE PHOTO | NMG By ELIZABETH KIVUVAMore from this author Summary An estimated 99% of the 4.6 million loan accounts listed negatively with the CRBs will have their data frozen after the suspension. CRB data shows companies […]

Bank loans

Bank lending is accelerating almost twice as fast as last year

Bank lending rose by double digits – 10% in the fortnight ending April 23 as the economy gets back on track after facing disruption from COVID-related lockdowns, nearly doubling the pace of 5.7% during the same period a year ago. Bank credit outstanding stood at Rs 119.5 lakh crore as of April 23, up 10% […]

Bank loans

Bank loans extended as RRR compliance reaches 260 billion pesos

MANILA, Philippines — Bank lending to micro, small, and medium-sized enterprises (MSMEs) as well as large corporations, used as an alternative to meeting reserve requirements, reached more than 260 billion pesos as the Bangko Sentral ng Pilipinas (BSP) continues to expand regulatory relief measures as the country gradually recovers from the impact of the pandemic. […]

Bank loans

Elon Musk’s bank loans demonstrate financial disparity in the United States

It’s easy to see why the banks agreed to give Elon Musk $25.5 billion in loans for his quest to buy Twitter. The founder of Tesla is a solvent man, with billions of dollars in stocks and possibly cryptocurrencies like dogecoin in reserve. As a serial entrepreneur, he risks paying astronomical fees for financial services […]

Bank loans

Elon Musk’s bank loans show the divide in American finance

On a commercial level, it’s easy to see why the banks agreed to provide Elon Musk with $25.5 billion in loans for his Twitter takeover bid. With hundreds of billions of dollars in stocks and possibly a cryptocurrency like dogecoin in reserve, the Tesla chief is a solvent man. A serial entrepreneur, he is also […]

Bank loans

AIB gets green light to buy Ulster Bank loans, Ukrainian refugees arrive in Dublin center

Banks AIB has entered into exclusive discussions with NatWest Group for the acquisition of approximately €6 billion of tracker and performing linked mortgages from Ulster Bank. The news came after the bank received a receipt from the Competition and Consumer Protection Commission (CCPC) on Thursday for the €3.7 billion acquisition of Ulster Bank lending to […]

Bank loans

CCPC approves AIB’s purchase of Ulster Bank loans

The Competition and Consumer Protection Commission (CCPC) has cleared AIB’s proposed purchase of Ulster Bank’s €4.2 billion performing commercial loan portfolio. But it also sounded a warning about the impact of Ulster Bank’s departure on wider competition in the banking market. The CCPC said its investigation considered whether the planned agreement between AIB and Ulster […]

Debt finance

NPIF – Mercia Debt Finance loans reach £50m milestone

STEPS was one of the first companies to benefit from the fund. Pictured, left to right, STEPS founders Toria Chan and Jules Leahy with British Business Bank’s Sean Hutchinson. From left to right, client Ian Trundle, STEPS President Ray Boulger and Pete Sorsby of Mercia. NOTPIF – Mercia Debt Finance, which is managed by Mercia […]

Personal loans

Looking for easy financing options? Benefit from small personal loans from Bajaj Finserv

Are you looking to finance an urgent expense? Consider a small personal loan rather than breaking your savings or depending on others. Personal loans are a great way to meet immediate financial needs. However, there are also times when your needs are small (but urgent) and the best personal loans don’t seem like the ideal […]

Bank loans

Overton County worker created forged vehicle titles to get personal bank loans – Reuters

An investigation by the Tennessee Comptroller’s Office, in conjunction with the Tennessee Highway Patrol and the Tennessee Department of Revenue, resulted in findings related to the Overton County Clerk. The investigation reveals that the grievor, working in her capacity as a clerk, altered vehicle titles to inappropriately generate new registrations and titles. She then used […]

Debt finance

NPIF – Mercia Debt Finance hits £50m lending milestone

A FUND which provides debt finance to businesses in Yorkshire has lent more than £50million since its launch five years ago. NPIF – Mercia Debt Finance has provided loans to almost 200 businesses, including several in York, and helped attract a further £31m in private sector co-investment. A wide range of companies, from manufacturers to […]

Debt finance

We must avoid debt — Minister of Finance

DR CLARKE… now is not the time to give up but the time to differentiate (Photo: Garfield Robinson) …says Jamaica can’t afford a third debt restructuring As the country seeks to recover from the fallout caused by the novel coronavirus pandemic, Finance Minister Dr Nigel Clarke has reiterated the need for the government to conduct […]

Financial institutions

Financial institutions donate funds to help Ukraine

As the Russian invasion of Ukraine continues, various financial institutions in Connecticut are donating substantial funds to help Ukrainians here and abroad. Liberty Bank, based in Middletown, recently announced that the Liberty Bank Foundation has approved a $25,000 grant dedicated to the American Red Cross of Connecticut to help lead humanitarian relief efforts in Ukraine […]

Personal loans

Personal loans at lowest interest rates 2022: Check EMI by lakh of top lenders

If you are short on funds, a personal loan is an option you can consider. Whether it is to buy a consumer good or to take your family on vacation or to meet your festive expenses, the personal loan remains a popular source for many individuals. No wonder personal loans saw nearly two-fold growth from […]

Financial institutions

“Financial institutions should facilitate access to funds for businesswomen” | The Guardian Nigeria News

Ayobami Kareem is the Founder and Group Managing Director (GMD) of WhiteRose International Group, a trading conglomerate. Ayobami, who is famous for her exploits in the real estate industry, has carved out an enviable niche for herself as a high-flying entrepreneur. The success story of WhiteRose Properties, a subsidiary of WhiteRose International Group, continues to […]

Bank loans

Small business owners struggle to get bank loans

FAYETTEVILLE, Ark. (KNWA/KFTA) – Small business owners who turn to nonprofits, business development centers and crowdfunding are lucky to get the financial support they need, but those who request loans from their banks are not. Small businesses in need of a loan find banks stingy Small businesses are still struggling with the effects of the […]

Personal loans

‘A festive growth close to 100% of personal loans over 4 years’

Personal Loans outpaced all other loan products by registering nearly 100% growth during the festive season (October to December period) from Rs 75,088 crore in FY19 to Rs 147,236 crores of rupees during the financial year 22. Additionally, personal loans saw their number of originations (volume) quadruple from 39.9 lakh accounts in FY19 to 158.1 […]

Financial institutions

The modern bank heist is an endgame for financial institutions

(Source – Shutterstock) Financial institutions continue to be heavily targeted by cyberattacks. Despite their increased cybersecurity protections, the changing and evolving tactics of cybercriminals are making it more difficult for financial institutions to stay secure. According to VMware’s fifth annual report on modern bank robberies, 63% of financial institutions admitted to having experienced an increase […]

Debt finance

NPIF – Mercia Debt Finance exceeds £50m | Yorkshire Deals News

Pictured: (Rear LR) Toria Chan and Jules Leahy, founders of STEPS, with British Business Bank’s Sean Hutchinson. (Before LR) Ian Trundle, STEPS Chairman Ray Boulger and Pete Sorsby of Mercia Lending for NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), has topped £50m […]

Debt finance

Philippines needs to grow more than 6% to reduce debt, says finance chief

Carlos Dominguez, Secretary of Finance of the Philippines, poses for a photo following a Bloomberg Television interview on the sidelines of the International Monetary Fund (IMF) and World Bank Group Annual Meetings in Nusa Dua, Bali, Indonesia, Thursday, October 11. , 2018. Dominguez said the economy is likely to grow 6.5% this year as strong […]

Bank loans

CBI releases list of top bank loan defaulters

TEHRAN – Iran’s Central Bank released the list of major bank loan defaulters on Wednesday. The mentioned list, which includes the names of major defaulters on loans received from 14 public and private banks, is available on the CBI website. Last week, CBI’s public relations director, Mostafa Qamari-Vafa, tweeted: “The central bank, as part of […]

Financial institutions

Buffalo firefighter pleads guilty to illegally obtaining money from financial institutions

The Erie County District Attorney’s Office said Robert Johnson, Jr defrauded financial institutions on claims using a minor’s Social Security number. BUFFALO, NY — The Erie County District Attorney’s Office said a Buffalo firefighter pleaded guilty Tuesday to eight counts of fraud. Robert Johnson, Jr., 36, pleaded before his jury trial which was due to […]

Financial institutions

NC man pleads guilty to bank fraud scheme and hits six financial institutions

(Photo: Pexels) WILMINGTON, NC (News Release) – A Cameron man pleaded guilty in federal court today to a bank fraud charge stemming from a scheme to defraud financial institutions in the Eastern District of North Carolina and elsewhere. According to court documents and information presented in court, Edward Wheeler is a staff sergeant assigned to […]

Bank loans

Rising commodity prices boost demand for bank loans

The spike in commodity prices following the Russian-Ukrainian war may have been a boon for Indian banks, as lenders are now seeing increased demand for working capital. The rising cost of raw materials has led companies to use their working capital limits and even seek top-ups, according to bankers FE spoke to. Credit drawdown improved […]

Bank loans

CBI to release list of top bank loan defaulters by Friday

TEHRAN – The Central Bank of Iran (CBI) will release the list of major defaulters on bank loans by the end of the current Iranian calendar week (Friday), the bank’s governor announced. “As we promised before, the list of major bank loan defaulters will be released in more detail by the end of the week,” […]

Bank loans

Zimbabwe: Wheat farmers want bank loans processed sooner

Herald Reporter Wheat plantings have started slowly as farmers want banks to speed up the processing of their loans so they can fund their operations. Zimbabwe Farmers Union (ZFU) President Mr Paul Zachariya confirmed that little activity was taking place on farms so far, insisting it was exacerbated by banks delaying payments loans to enable […]

Bank loans

Wheat farmers want bank loans processed sooner

the herald Talent Chimutambgui Herald Reporter Wheat plantings have started slowly as farmers want banks to speed up the processing of their loans so they can fund their operations. Zimbabwe Farmers Union (ZFU) President Mr Paul Zachariya confirmed that little activity was taking place on farms so far, insisting it was exacerbated by banks delaying […]

Bank loans

Bank lending increased by EGP 63.1 billion in January

Loans granted by banks increased by EGP 63.115 billion, registering around EGP 3.095 billion at the end of January, compared to EGP 3.032 billion at the end of December, according to the Central Bank of Egypt. A central bank report revealed that loan balances were split into government loans worth EGP 1.17 trillion and non-government […]

Bank loans

The difference between invoice factoring and bank loans (and what’s right for you)

In difficult financial situations, most business owners immediately turn to bank loans as a financing option. While they can be a valuable and relatively inexpensive way to get the cash your business needs (especially in the short term), they aren’t always the best financing option. Instead, it may be better to tap into the power […]

Financial institutions

Alpha Fintech Launches Fi911’s SaaS Intelligent Dispute Processing for Financial Institutions in Asia Pacific

Alpha Fintech Launches Fi911’s SaaS Intelligent Dispute Processing for Financial Institutions in Asia Pacific By Edlyn Cardoza Fi911, the leading litigation specialists and sister brand of Chargebacks911and Alpha Fintech, a FinTech pioneer aiming to scale and simplify payments, recently announced its partnership. APAC regional acquirers and PSPs will be able to take advantage of Fi911’s […]

Personal loans

Review of First Tech Federal Credit Union Personal Loans 2022

Personal Finance Insider writes about products, strategies, and advice to help you make smart decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards. The bottom […]

Bank loans

Update: US slammed for trying to block World Bank loans to Chinese companies for lies about Xinjiang

Aerial photo shows a tractor plowing a cotton field in Shawan City, northwest China’s Xinjiang Uyghur Autonomous Region, April 2, 2022. Spring farming has started in northern Xinjiang. By 2022, local authorities will strive to achieve a mechanization level of 85.7% for all crops in Xinjiang. Photo: Xinhua A Chinese expert on Tuesday slammed a […]

Bank loans

Bank lending to private sector historically increases N24.45tr

Bank lending to the private sector increases by N4.19tr YoY By Jeph Ajobaju, Editor-in-Chief According to the Central Data Bank of Nigeria (CBN). Bank credit to the private sector has been increasing since June 2021, the latest jump of 68 trillion naira, from 24.38 trillion naira in December 2021 to 24.45 trillion naira in January […]

Bank loans

Small business owners feel ‘hit in the throat’ when applying for bank loans

Small business owners often face obstacles when trying to borrow money. The data of the Federal Reserve shows that 85% experienced financial hardship in 2021. And during that time, more than half of homeowners who applied for loans were looking to meet operating expenses rather than grow their business, according to the report. Additionally, small […]

Bank loans

UPDATE 2 – China March New Bank Loans Jump, Overall Credit Growth Picks Up

* March new loans 3.13 trln yuan against f’cast 2.68 trln yuan * March Money supply M2 +9.7% y/y, against f’cast of +9.2% * March TSF 4.65 trillion yuan, vs f’cast 3.7 trillion yuan * C.bank maintains accommodative policy to support growth (adds details, analyst comment) By Judy Hua and Kevin Yao BEIJING, April 11 […]

Bank loans

CBI to release list of top bank loan defaulters next week

TEHRAN – The Central Bank of Iran will release the list of major bank loan defaulters in the next Iranian calendar week (starts Saturday, April 16). CBI Director of Public Relations Mostafa Qamari-Vafa tweeted: “The central bank, as part of the overall banking network reform plan and on the basis of financial discipline and credit […]

Bank loans

March new bank loans in China jump, credit growth accelerates

BEIJING: New bank lending in China rose more than expected in March as general credit growth accelerated from the previous month as the central bank maintained accommodative policy to support a slowing economy. Chinese banks extended 3.13 trillion yuan ($492 billion) in new yuan loans in March, up sharply from February and beating analysts’ expectations, […]

Bank loans

China jumps new bank loans in March, broad credit growth picks up | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China rose more than expected in March as overall credit growth accelerated from a month earlier as the central bank maintained accommodative policy to support a slowing economy. ‘economy. Chinese banks extended 3.13 trillion yuan ($492 billion) in new yuan loans in […]

Bank loans

Small businesses surveyed find bank loans more difficult to obtain

NEW YORK (AP) — Small businesses are still struggling with the pandemic and now high inflation — and they’re finding it difficult to get a loan to help them with day-to-day tasks. A survey recently released by the Federal Reserve shows how the pandemic has changed the financial landscape for small businesses. About 85% experienced […]

Bank loans

Hard-to-get bank loans for small businesses | Economic news

MAE ANDERSON Associated Press NEW YORK — Small businesses emerging from the pandemic and now battling high inflation are struggling to get a loan to help them with day-to-day tasks. A survey recently released by the Federal Reserve shows how the pandemic has changed the financial landscape for small businesses. Around 85% experienced financial hardship […]

Bank loans

APTU leader calls for compensation and easy bank loans for burned houseboat owners – Jammu Kashmir Latest News | Tourism

APTU President Ajaz Kazmi during a press conference in Jammu. Excelsior CorrespondentJAMMU, April 8: Condemning the mysterious fires of the past few days, Chairman of the Apni Party Trade Union (APTU), Ajaz Kazmi, today demanded compensation and a bank loan facility for the owners of burnt-out houseboats in Srinagar.In a press conference he delivered at […]

Financial institutions

Interest-free financial institutions and NGOs should increase support for Muslim households

Fridaytime, April 082022 / 11:00AM / by Bukola Akinyele-Yisau for WebTV/Header image credit: EcoGraphic As Nigerians navigate the country’s challenging socio-economic indicators, especially during the 2022 Ramadan season, interest-free financial institutions (NIFIs) and major Islamic NGOs have called for increased support to Muslim households. Dr. Aliyu Dahiru, alexecutor to Bayero Universityy, Kano & Secretary, Association […]

Financial institutions

“Only frequent financial institutions regulated by the CBN” – The Sun Nigeria

the The Central Bank of Nigeria (CBN) has advised citizens to only patronize financial institutions under its regulation to avoid being duped by scammers. Its Corporate Communications Department Manager, Mr. Osita Nwanisobi, gave his advice at the CBN fair in Akure on Thursday. Nwanisobi said that every Nigerian had a role to play in stopping […]

Financial institutions

Budget closes loophole for financial institutions trading dividend-paying stocks

The federal government plans to change tax laws to remove relief for large financial institutions that benefit from complicated hedging strategies on dividend-paying stocks. The budget released Thursday calls it the “double dip loophole,” which allows certain Canadian financial institutions to use “hedging and short-selling arrangements in aggressive tax planning strategies.” By closing the loophole, […]

Financial institutions

Saudi finance minister calls on Arab financial institutions to review their strategies

Crypto Moves – Ether Down; US Imposes Sanctions on Bitriver; Coinbase Launches NFT Marketplace RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Thursday, rising 0.25% to $41,533 as of 09:00 Riyadh time. Ether, the second most traded cryptocurrency, was priced at $3,082, down 0.29%, according to data from Coindesk. US imposes sanctions on crypto […]

Financial institutions

Iran exploits gullible financial institutions

For more than 40 years, major democracies, including the United States and members of the European Union and international organizations such as the United Nations, have worked to thwart Iran’s regional ambitions by obstructing access of the regime to the international financial system. The toughest and most extensive sanctions imposed since the 1979 Islamic Revolution […]

Financial institutions

Biden announces sanctions against Russian financial institutions, Putin’s daughters and others

CNN — President Joe Biden says ‘major war crimes’ are being uncovered in Ukraine as Russian forces retreat from areas around kyiv, citing scenes of brutal, cold-blooded executions as justification for tightening US sanctions against Moscow. ‘Responsible nations must come together to hold these perpetrators accountable,’ Biden told a union crowd in Washington as the […]

Bank loans

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 loans

German Bundesbank warns against bank lending to boiling real estate market – report

Facades of apartment buildings with micro apartments are pictured in the Mitte district of Berlin, Germany, August 29, 2019. REUTERS/Axel Schmidt Join now for FREE unlimited access to Reuters.com Register BERLIN, April 6 (Reuters) – Germany’s Bundesbank is concerned that banks are lending to overstretched buyers in an overheated property market and reserves the right […]

Bank loans

CBN policies push bank lending to private sector to highest level in Nigerian history

Credit to the private sector in Nigeria reached unprecedented levels, standing at 24.45 trillion naira at the end of January 2022, representing a huge year-on-year increase of 4.19 trillion naira. ‘other. This is according to data obtained by Nairametrics Research from the Central Bank of Nigeria (CBN). Credit to the Nigerian private sector has been […]

Bank loans

Bank loans increase by 8.8%

The Bangko Sentral ng Pilipinas said consumer loans to residents edged up 0.9% in February after a 0.4% decline in January, mainly due to the year-on-year rise in credit card loans. credit. (Photo Reuters) Preliminary data shows that outstanding universal and commercial bank loans, net of reverse repurchase agreements (RRPs) with the BSP, grew at […]

Financial institutions

How Community Financial Institutions Can Take Technology to the Next Level in 4 Steps

By Gabe Krajicek, CEO of Kasasa Community financial institutions (CFIs), such as banks and credit unions, have always been the backbone of the communities they serve. Right now they are taking on challenges with perception, technology and marketing. While many CFIs offer phenomenal personalized service, many consumers feel they lack the technology and innovation they […]

Financial institutions

HSAPAY Plus Q2 Marketplace offers financial institutions rapid implementation of P2P payment infrastructure for Health Savings Accounts (HSA)

Tacoma, WA, April 02, 2022 — (PR.com) — The creators of the only mobile Peer-2-Peer donation platform for healthcare accounts, HSAPAY, today announced that it has been selected by Q2 Solutions, (listed on the New York Stock Exchange), to bring its healthcare payment infrastructure software to their Q2 partner market. The Q2 integration marks an […]

Bank loans

Canceled bank loans rise due to ‘reluctance’ to take over

ISLAM SYFUL | Published: April 02, 2022 06:57:23 | Update: April 03, 2022 09:04:01 Efforts to recover billions of taka in canceled loans appear slow as most state-owned banks only recover a peanut each month, officials say, while missed money swells. Once the balance sheet has been cleaned up by canceling delinquent loans each year, […]

Personal loans

Personal loans up to Rs 50,000 at 7% interest for prisoners in Maharashtra prisons

Loans will be given without any collateral, but prisoners will have to submit income records while working in prison. The program will first be rolled out at Yerawada Central Jail in Pune as a pilot project (Photo: Facebook/Mannat Tour and Travels Barwani) Prisoners in Maharashtra jails can now avail loans without producing collateral. The program, […]

Financial institutions

rbi: Financial institutions should be board driven : RBI Dy Guv Jain

Mumbai: Financial institutions should be run by a board and not end up being dominated by individuals as this could have undesirable consequences, Reserve Bank Deputy Governor MK Jain has said. In his keynote speech at CAFRAL, a center promoted by RBI, he stressed that an efficient and dynamic financial system is crucial for the […]

Financial institutions

Enhanced standards for financial institutions

Jhe Reserve Bank of India (RBI) has gradually aligned the regulations applicable to banks and non-banking financial companies (NBFCs). In addition to implicitly recognizing that NBFCs are rapidly closing the gap with banks in terms of their systemic importance in extending credit, such alignment also aims to minimize regulatory arbitrage. In October 2021, the RBI […]

Bank loans

More than 60% of bank loans granted to the textile sector and businesses: governor of the SBP

KARACHI: Governor of the State Bank of Pakistan (SBP) Reza Baqir said the central bank has disbursed its 60 percent loan to textiles and other key sectors in the country to improve exports.reported ARY NEWS. Speaking at an event, the SBP Governor said exports could be enhanced through value addition and attracted investors to the […]

Financial institutions

Financial institutions must seize the opportunity as BaaS momentum strengthens

There is no doubt that Banking as a Service (BaaS) is an incredibly exciting opportunity for the entire financial services ecosystem. Financial institutions can reach more customers at a significantly lower cost, and distributors can open up new revenue streams while building closer relationships with their customers. A recent study by Finastra – which surveyed […]