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

Financial institutions face cyberattacks from nation-state actors amid political unrest

Nearly 90% of IT security professionals surveyed by Trellix and CSIS say they believe they have been targeted by state actors. Pictured: Mourners mourn Ukrainian servicemen during a funeral service at Lychakiv Cemetery on March 28, 2022 in Lviv, Ukraine. (Photo by Joe Raedle/Getty Images) As open warfare rages in Ukraine, Russia’s long-promised cyberattacks are […]

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

What can banks and financial institutions do?

We believe the central bank will come up with pragmatic targets for banks and financial institutions to reduce carbon emissions to achieve sustainability in line with the global banking industry. For all the latest news, follow the Daily Star’s Google News channel. The increase in greenhouse gas (GHG) emissions, air and water pollution, the eruption […]

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 […]

Financial institutions

Application of Fatca to Financial Institutions in UAE – News

Usually, depository institutions like banks, custodial institutions like mutual funds, investment entities like hedge funds or private equity funds, and certain types of insurance companies that offer products cash value or annuities are required to comply with Fatca Once deemed compliant or exempt, there would not be too much work hassles which will reduce costs […]

Financial institutions

Financial Institutions Urged to Build Strong Cyber ​​Defense Systems | The Guardian Nigeria News

As financial institutions fend off cyberattacks, experts say banks are vulnerable because they lack technologies that could be deployed to ensure customer transactions and assets are secure. Speaking at a financial services cybersecurity workshop held in Lagos, Managing Director of ActivEdge Technologies, George Agu, said it was time for banks to deploy zero-trust security to […]

Financial institutions

New Senate bill targets financial institutions that ‘fuel climate risk’

Federal financial institutions and federally regulated entities should align their investment activities with Canada’s climate commitments under Bill S-243, the climate-responsive finance act introduced yesterday in the Senate by Senator Rosa Galvez (ISG-Quebec). “We have to deal with the elephant in the room: our financial system continues to fund activities that fuel climate risk,” Galvez […]

Financial institutions

Department of Financial Institutions: Wisconsin passes new rule requiring continuing education for investment advisor representatives

MADISON, Wis. – The Securities Division of the Wisconsin Department of Financial Institutions (DFI) today announced the publication in the Wisconsin Administrative Code of CR 21-057, creating the administrative rule of DFI-Sec Chapter 11 which requires both state and federal registration. covered representatives of investment advisers to attend annual continuing education. The new rule comes […]

Personal loans

Figure Personal Loans Review 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. Editor’s note: […]

Personal loans

Oportun Review: Personal Loans Get Too Many Bad Reviews

Ad Disclosure: We earn referral fees from advertisers. Learn more If you need a personal loan, Timely may seem like a great option. But is it really? Oportun is a company that offers personal loans to people with bad credit. They claim to be a safe and secure way to borrow money, but are they? […]

Personal loans

Union Bank Review: Are Their Personal Loans Legit or a Scam?

Ad Disclosure: We earn referral fees from advertisers. Learn more Union Bank is a well-known and respected institution, but is it really as trustworthy as everyone seems to think? Or is it an impending scam? In this Union Bank review, we will take an in-depth look at what this bank has to offer. We will […]

Bank loans

UAE businesses must balance as bank lending begins to rise with US rate hikes

Dubai: The US Federal Reserve is hinting at larger interest rate hikes that will have a direct impact on lending rates – and the real effective exchange rate – of the UAE dirham. On Monday, Fed Chairman Jerome Powell said the central bank needed to move “quickly” to raise rates. “The Fed has already signaled […]

Debt finance

Cordiant Digital Seeks Debt Financing to Continue Deployment

Cordiant Digital Infrastructure updated investors on its acquisition of Emitel, operational performance of CRA, sales progress at DataGryd and an update on its pipeline. Emitel Emitel is a multi-asset digital infrastructure company based in Poland. It operates a network of communications towers, fiber optics and a nationwide sensor network, serving major utilities. Cordiant Digital has […]

Financial institutions

FinCEN Issues Several Real Estate-Related Alerts to Financial Institutions to Be Vigilant of Efforts to Evade US Sanctions | Seyfarth Shaw LLP

On March 3, 2022, we published an article titled The Effect of US Sanctions on Russia on Commercial Real Estate Documentation (there “Article by Seyfarth”) who discussed a number of different ways that U.S. people in real estate can undertake due diligence to ensure that they do not engage in transactions with companies and individuals […]

Financial institutions

Redefining cyber defenses for financial institutions

According to BCG, cyber threats are 300 times more likely to target the broader financial services industry than businesses in other industries. Whether attackers attempt to access financial information, impersonate customers, commit fraud, or hold critical files for ransom, compromise is inevitable. Detecting and stopping active attack campaigns is more important than ever. To keep […]

Personal loans

Do personal loans affect my taxes?

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, which we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”. If you take out a personal loan (or have […]

Financial institutions

Russians have over US$2 billion in Bahamian financial institutions

The Central Bank of the Bahamas (CBB) says international banks and trust companies operating here hold more than $2 billion in ‘assets on deposit or in trust’ with ultimate beneficial owners from or related to Russia . In a statement, the CBB said that earlier this month, the Bahamian Financial Services Regulators Group issued a […]

Personal loans

United Arab Emirates: How will banks recover outstanding auto, personal loans if I lose my job? – News

Find out about legal procedures if you are unable to repay the loans By Ashish Mehta Published: Sun 20 March 2022, 10:21 Question: I work in a company based in Dubai and my job doesn’t seem too stable at the moment. I used two loans: one is personal and the other is car financing. I […]

Bank loans

What Minority Business Owners Need to Know About Getting Bank Loans

As high street businesses continue to make a comeback post-pandemic, they face the triple threat of supply chain headwinds, labor constraints and historic inflation. For some, borrowing to invest, grow or simply stay afloat is a priority. Data from Goldman Sachs’ 10,000 Small Business Voices “Small Businesses on the Brink” survey reveals that 86% of […]

Financial institutions

Capital Markets (Conduct of Financial Institutions) Amendment Bill Update

Yesterday the MBIE published details of the Cabinet decisions that have been taken regarding the future of the Capital Markets (Conduct of Financial Institutions) Amendment Bill (COFI) and related regulations. Amendments to the bill will be incorporated via a supplementary order paper, with the aim of passing the bill by mid-2022. In the context of […]

Financial institutions

Hong Kong: “Some of our financial institutions are losing patience”

Hong Kong leader Carrie Lam has publicly admitted that tolerance is waning at some financial firms in the city and flagged a potential easing of Covid restrictions. Hong Kong general manager Carrie Lam highlighted the mounting pressure on the city’s reputation as a financial center during a press briefing yesterday. “I have a very strong […]

Financial institutions

California DFPI Issues Guidance to Financial Institutions Regarding Russia Sanctions | Goodwin

On March 4, 2022, the California Department of Financial Protection and Innovation (DFPI) reminded its financial institution licensees of their obligations in light of the Russian invasion of Ukraine: to comply with sanctions against Russia and using safeguards to protect against attempts to use virtual currency transfers to evade sanctions and mitigate cybersecurity threats. However, […]

Bank loans

Bank loans to economic sectors increase by almost 55%

TEHRAN – Iran’s banking system has disbursed 25.433 quadrillion rials (over $97.819 billion) in facilities to domestic economic sectors in the first 11 months of the current Iranian calendar year (March 21, 2021-February 19, 2022), registering an increase of 54.9% from the same period of the previous year. According to data provided by the Central […]

Debt finance

Endeavor Bancorp issues $15,000,000 of subordinated debt – Finance Monthly

SAN DIEGO–(BUSINESS WIRE)–$EDVR #bankendeavor–Endeavor Bancorp, a wholly owned subsidiary of Endeavor Bank (“Bank”) (OTC Pink: EDVR), announced today that it has successfully issued $15,000,000 of subordinated debt under a institutional private placement. Performance Trust Capital Partners, LLC acted as placement agent. Breakwater Law Group, LLP acted as counsel to Endeavor Bancorp, and Hunton Andrews Kurth […]

Personal loans

Payoff Personal Loans Review 2022

Payoff offers personal loans designed to consolidate credit card debt. It operates in all but two states and provides loans of up to $40,000. Payoff is not a bank and instead works with lending partners who originate the loans. The California-based financial wellness company reports to a parent company called Happy Money, which takes a […]

Financial institutions

FinCEN urges vigilance of financial institutions in anticipation of Russian sanctions evasion attempt | Troutman pepper

Following significant sanctions and other restrictions imposed by the United States and its global allies following the Russian Federation’s invasion of Ukraine, the Financial Crimes Enforcement Network (FinCEN) has issued an alert (FinCEN Alert) on March 7, advising financial institutions how to identify and report potential attempts to evade sanctions. The FinCEN Alert provides a […]

Bank loans

Bangladesh secures $120 million in World Bank loans to improve food security

Published: Mar 17, 2022 2:10:22 p.m. | Update: Mar 18, 2022 8:37:35 a.m. Bangladesh and the World Bank have signed a $120 million financing agreement to improve production from irrigated agriculture and fisheries and boost the incomes of 170,000 poor people vulnerable to climate change, reports bdnews24.com. By upgrading flood management, drainage and irrigation infrastructure, […]

Financial institutions

FCA warns UK financial institutions of UBO membership

After the start of the Ukraine crisis, the FCA sent letters to all UK financial institutions, warning them that the new economic bill will be accelerated. This bill includes a new register, which means that foreign owners of property in the UK must declare and verify their identity with Companies House. The aim is to […]

Financial institutions

‘Financial institutions are losing patience’ with Hong Kong, admits Lam

Thursday, March 17, 2022 8:42 a.m. People stand in front of an electronic screen showing the Hang Seng Index in Hong Kong’s Central District (ISAAC LAWRENCE/AFP) (Photo by ISAAC LAWRENCE/AFP via Getty Images) Hong Kong’s leader today admitted that the city’s controversial ‘Zero-Covid’ restrictions are blocking businesses and wearing down its people. Carrie Lam has […]

Financial institutions

CBN warns Nigerians against unlicensed financial institutions

As part of efforts to curb the fraudulent financial activities of some dubious figures, the management of the Central Bank of Nigeria (CBN) has warned the public to stop patronizing unlicensed institutions in the country. CBN Governor Mr. Godwin Emefiele issued the warning in Yola on Thursday at the Central Bank of Nigeria Fair 2022 […]

Personal loans

PNC Bank Personal Loans Review 2022

PNC Bank can trace its history back to 1852 and the Pittsburgh Trust and Savings Co. Today, PNC Bank is the seventh largest bank in the United States and offers a wide range of personal and business banking services. Among its product line, PNC offers unsecured personal installment loans up to $35,000. Applicants are considered […]

Personal loans

Review of LightStream Personal Loans 2022

LightStream is the online consumer lending division of Truist, which was formed in 2019 from the merger of BB&T and SunTrust. SunTrust acquired the assets of online lender FirstAgain in 2012 and relaunched the business as LightStream. LightStream’s online personal loans range from $5,000 to $100,000 and can be used for almost any reason. Personal […]

Personal loans

LendingUSA Personal Loans Review 2022 | American News

LendingUSA was founded in 2015 to be a lending solution for merchants. LendingUSA provides point-of-sale customer financing through more than 10,000 merchant partners in a variety of industries, including medical services, pet services, funeral services, and consumer services. Best Features Getting pre-approved for a LendingUSA loan will not impact your credit score. In some cases, […]

Personal loans

Review of First Tech Federal Credit Union Personal Loans 2022 | American News

First Tech Federal Credit Union promises fast personal loans, which can come in handy in an emergency. You can get a personalized rate on a two-year loan “in 30 seconds or less,” according to the lender. Your credit doesn’t have to be perfect to qualify for a personal loan. First Tech specifies that it has […]

Financial institutions

Biden’s climate alarmist nominees send chilling message to financial institutions and energy industry

“We want them to go bankrupt if we want to fight climate change.” “…tThe way we basically get rid of these carbon financiers is to deprive them of their source of capital.” “Financial regulators need to rethink their own role in order to be able to play their part in the broader reinvention of the […]

Financial institutions

EBA calls on financial institutions to facilitate access to basic payment accounts for refugees

The European Banking Authority (EBA) strongly condemns the recent developments which weigh heavily on the Ukrainian state, society and economy. Following the invasion of Ukraine, the Council of the EU adopted restrictive measures against Russia and Belarus which require action by the financial sector. The EBA is working with the competent authorities to ensure the […]

Financial institutions

FinCEN urges vigilance from financial institutions ahead of Russian sanctions evasion attempt

Following significant sanctions and other restrictions imposed by the United States and its global allies following the Russian Federation’s invasion of Ukraine, the Financial Crimes Enforcement Network (FinCEN) has issued an alert (FinCEN Alert) on March 7, advising financial institutions how to identify and report potential attempts to evade sanctions. The FinCEN Alert provides a […]

Bank loans

CEMAC: Cameroon captures 58.16% of total bank loans in H1-2021 (BEAC)

(Business in Cameroon) – Cameroon captured more than 50% of all bank loans granted to companies and individuals in the first half of 2021 in the CEMAC zone. Concretely, “Cameroon captures 58.16% of the total loans granted [Ed.note: in Q2-2020, it was 45.78%] followed by Gabon (18.82%) and Congo (10.80%). Chad, Equatorial Guinea and the […]

Bank loans

Maharashtra Cooperative Fraud: State Won’t Guarantee Bank Loans to Sugar Mills

The Maharashtra State Assembly on Monday discussed the sugar mill auction scam where sugar mills auctioned at a lower price were bought by politicians. Deputy Chief Minister Ajit Pawar, who himself is facing allegations of buying a sick sugar factory in Satara at a lower price, responded to questions raised by opposition leader Devendra Fadnavis. […]

Financial institutions

Swiss Re and other European financial institutions turn away from Russia – SABC News

Swiss Re said on Monday it was not accepting new business with Russian and Belarusian customers and was not renewing existing business with Russian customers as European financial institutions turned their backs on Russia. The global reinsurer joins banks such as Deutsche, Goldman Sachs and JPMorgan Chase that left Russia after its Feb. 24 invasion […]

Financial institutions

European financial institutions turn their backs on Russia

RIYADH: As UAE and Saudi Arabia aim to reach net zero by 2050 and 2060, Gulf Cooperation Council region is a place of innovation, says Wärtsilä Energy Global Chairman Sushil Purohit in an interview with Arab News. Due to the addition of nuclear and solar power to the national grid, the UAE is expected to […]

Bank loans

China February new bank loans fall more than expected, mounting pressure on c.bank

Credit growth is below expectations February new loans 1.23 trln yuan against f’cast 1.49 trln yuan Money supply in February M2 +9.2% year on year, against an f’cast forecast of +9.5% February TSF 1.19 trln yuan, against f’cast 2.22 trln yuan C.bank maintains an accommodative policy to support growth BEIJING, March 11 (Reuters) – New […]

Financial institutions

FG closes illegal online financial institutions and freezes company accounts

On Friday March 11, the federal government raided and shut down the operations of some illegal online banks. The Federal Competition Consumer Protection Commission (FCCPC), in conjunction with the Independent Corrupt Practices and Other Related Offenses Commission (ICPC), the National Information Technology Development Agency and the Nigerian Police, raided offices of financial institutions operating on […]

Bank loans

Cheaper bank loans are fueling the conversion of tube wells to solar energy

SOLAR panels are seen at Interloop Dairy Farm in Sheikhupura; and (right) a net meter installed in the facility.—Dawn LAHORE: The decision of the State Bank of Pakistan (SBP) to allow commercial banks to provide cheaper loans for the conversion of tubewell operations to solar power to take advantage of the net metering facility, electric […]

Bank loans

Mexican Senate leader wants cheaper bank loans for recovery

“It is important that banks are open to provide low interest loans to people who have lost their business or those who have closed their business during the pandemic,” Monreal, 61, said on Wednesday. It will help “people who need a bank guarantee and who need fresh money to do their business in the country”. […]

Bank loans

Bank lending up 7.9% in two weeks to Feb 25: RBI

Lending by Indian banks increased by 7.9% in the two weeks to February 25, 25 compared to a year ago, according to a weekly statistical supplement released by the Reserve Bank of India (RBI). Deposits over the same period rose 8.6%, the Reserve Bank’s report showed on Friday. Bank deposits increased ₹89,297 crore to ₹162.17 […]

Bank loans

New Chinese bank lending plunged more than expected in February

BEIJING — New bank lending in China plunged in February due to seasonal factors and weak demand, slowing significantly from record highs in January. New yuan loans issued by Chinese banks amounted to 1.23 trillion yuan ($194.6 billion) last month, down significantly from 3.98 trillion yuan in January, data shows. released Friday by the People’s […]

Bank loans

China February new bank lending falls more than expected, mounting pressure on central bank

EIJING- China’s new bank lending fell more than expected in February as general credit growth slowed, increasing pressure on the central bank to further ease policy to support slowing economic growth. the economy. Chinese banks extended 1.23 trillion yuan ($195 billion) in new yuan loans in February, down sharply from a record 3.98 trillion yuan […]

Financial institutions

Which financial institutions offer contactless cards?

Contactless cards allow you to make a purchase by tapping your card on a reader. Our list includes banks and credits that offer contactless cards. Contactless cards are secure and have a faster transaction speed than other cards. Read more stories from Personal Finance Insider. Loading Something is loading. If you’ve used cards frequently for […]

Bank loans

Farmers opt for ‘hustle and bustle of barter system’ to repay bank loans – The New Indian Express

By Express press service The barter system which represents the exchange of goods or services between two or more parties without using money is what the farmers of Hosadurga demand from banks, ESCOMs and other government offices where money is the only medium of transaction. Fed up with the government’s failure to procure ragi and […]

Personal loans

Peerform Personal Loans Review 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. Editor’s note: […]

Bank loans

Virtual bank lends Trump $100m after firm warned of ‘unreliable’ finances

A virtual bank run by a GOP donor has loaned former President Donald Trump’s company $100 million despite a warning from Trump’s accounting firm about its shaky financial past. Trump took out a $100 million mortgage on his Manhattan skyscraper, Trump Tower, in February according to documents registered with the New York City Department of […]

Bank loans

Keep bank loans and fees fair

Editorials Keep bank loans and fees fair Thursday, March 10, 2022 By DAILY BUSINESSMore from this author Summary While it’s normal for banks to be allowed to protect their assets against risk, it’s important to remember how we got here. Fairness should extend to the fees they charge on their products and services, which they […]

Personal loans

Oriental partners with CEGsoft to offer personal loans when filing in Taxmania – News is My Business

Eastern customers will be able to apply for a loan via the Taxmania platform. Oriental has announced a new alliance with CEGsoft – a local company that offers a digital solution for filing tax returns – to offer bank customers the option of applying for a personal loan through the Taxmania platform. “The customer can […]

Bank loans

IndusInd Bank: Loans granted to BFIL without the customer’s agreement following a technical glitch

The technical issue leading to loan disbursement without registration of customer consent at Bharat Financial Inclusion Ltd (BFIL) was the result of IT change management and process gap, IndusInd Bank said. An independent review by Deloitte also highlighted some areas of improvement in the process and oversight of the subsidiary’s correspondent banking activities, including in […]

Financial institutions

FinCEN warns financial institutions against evading Russian sanctions | Item

The Financial Crimes Enforcement Network (FinCEN) released guidance on Monday outlining the types of red flags banks should proactively look for. Although the agency has yet to find widespread circumvention of sanctions, it warned financial institutions to remain vigilant. Besides Russia, the country of Belarus and some of its political leaders have been hit with […]

Financial institutions

financial institutions: Modi asks financial institutions to come up with futuristic ideas to fund emerging economic needs

Prime Minister Narendra Modi on Tuesday called on financial institutions to consider innovative financing and risk management systems to support new futuristic ideas to meet the emerging needs of the economy. Stating that implementing green finance is the “need of the hour” to achieve the goal of net zero carbon emissions by 2070, Modi said […]

Financial institutions

Cambodia launches code of conduct for banks and financial institutions

Cambodia has launched a code of conduct for banking and financial institutions, aimed at promoting efficient, reliable, accountable and accountable banking and financial practices, a joint statement said on Monday. Initiated by the Banking Association of Cambodia (ABC), the Cambodian Microfinance Association (CMA) and the Cambodian Finance and Technology Association, the code was designed to […]

Financial institutions

PM Modi asks financial institutions to come up with futuristic ideas to fund emerging economic needs

Prime Minister Narendra Modi also said that if banks give priority financing to exporters Prime Minister Modi also pushed bureaucrats to come up with “workable solutions” to implement the Union budget proposals 2022-2023. PTI New Delhi Last update:March 08, 2022, 2:22 p.m. HST FOLLOW US ON: Prime Minister Narendra Modi on Tuesday asked financial institutions […]

Financial institutions

UAE and UK launch toolkit to help financial institutions tackle illicit financial flows in illegal wildlife trade

The toolkit provides key guidance for institutions in combating the illegal wildlife trade, from large institutions with large compliance departments to smaller institutions with less experience or fewer resources in combating this trade. . Al Sayegh said: “The illegal wildlife trade is an inherently important aspect of illicit financial flows. Partnership between the private and […]

Financial institutions

US warns financial institutions to be on the lookout for Russian sanctions evasion

WASHINGTON, March 7 (Reuters) – The United States warned financial institutions on Monday to be wary of potential attempts to circumvent Russian sanctions following a series of sanctions imposed by Washington on Russia for its invasion of the Ukraine. The Financial Crimes Enforcement Network (FinCEN) issued an alert on Monday advising all financial institutions to […]

Bank loans

Ind-Ra assigns an AA-/Stable rating to bank loans and NCDs from Home First Finance; Equity decline ~5%

Prevent unauthorized transactions in your demat/trading account Update your mobile number/email id with your stockbroker/depository participant. Receive transaction information directly from Exchanges to your mobile/email at the end of the day and alerts to your registered mobile for all debits and other major transactions on your demat account directly from NSDL/CDSL on the same […]

Financial institutions

Illegal wildlife trade: UAE and UK launch toolkit to help financial institutions tackle illicit financial flows – News

The illegal wildlife trade is the fourth largest organized crime and costs $23 billion a year. UK to UAE/Twitter By WAM Published: Mon 7 Mar 2022, 1:17 PM The UAE government has worked with the UK government to launch a toolkit to help financial institutions tackle illicit financial flows in the Illegal Wildlife Trade (IWT). […]

Bank loans

BI: Siapik App Helps MSMEs Obtain Rs 18.3 Billion Bank Loans

TEMPO.CO, Jakarta – Bank of Indonesia (BI) said the Siapik app had helped MSMEs get Rs 18.3 billion in bank loans in 2021. A BI official said that by the end of 2021 there were 17,837 users of the app. Siapik app. “Of these, 724 MSMEs using Siapik have secured financing from banks for a […]

Financial institutions

The Central Bank of Russia asks financial institutions not to publish documents

The Russian Central Bank has asked banks to stop publishing their financial performance records due to Western sanctions imposed after the Ukraine operation threatening to destroy the banking sector and people’s savings. Some of Russia’s largest banks have been locked out of the SWIFT global financial system, limiting their ability to transact abroad. The Russian […]

Financial institutions

Visa and Mastercard block Russian financial institutions

US payment card companies Visa Inc VN and Mastercard Inc MA.N have blocked several Russian financial institutions from their network, complying with government sanctions imposed following Moscow’s invasion of Ukraine. Visa said Monday it was taking swift action to ensure compliance with applicable sanctions, adding it would donate $2 million for humanitarian relief. Mastercard also […]

Financial institutions

Briefcase: RLD appoints Director of Financial Institutions Division

Marc Sadowski Marc Sadowski was appointed director of the Financial Institutions Division in the New Mexico Department of Regulation and Licensing. Sadowski has over 36 years of experience in financial institutions. He previously served as executive vice president and chief financial officer of State Employees Credit Union. In this new role, Sadowski will oversee a […]

Bank loans

China aims to increase big bank lending to small businesses by more than 40% in 2022

BEIJING/SHANGHAI, March 5 (Reuters) – China is aiming to increase small business lending by major commercial banks by more than 40% this year, Premier Li Keqiang said at the annual parliament meeting on Saturday. The government will urge financial institutions to further cut lending rates, reduce fees and promote medium- and long-term lending to the […]

Bank loans

China aims to increase big bank lending to small businesses by more than 40% in 2022 | Investment News

BEIJING/SHANGHAI (Reuters) – China is aiming to increase small business lending by major commercial banks by more than 40% this year, Premier Li Keqiang said at the annual parliament meeting on Saturday. The government will urge financial institutions to further cut lending rates, reduce fees and promote medium- and long-term lending to the manufacturing sector, […]

Personal loans

IIFL Finance partners with NIRA to offer personal loans

IIFL Finance Limited announced on Thursday that it is working with fintech company NIRA as part of its strategy to strengthen its digital footprint. Thanks to this partnership, salaried customers can benefit from a personal loan of up to ₹1 lakh of IIFL Finance by downloading NIRA app from Google play store. “IIFL Finance is […]

Financial institutions

Treasury Report: Increase in Total Number of Financial Institutions Doing Business with Licensed Marijuana Suppliers

Washington D.C.: More than 700 banks and credit unions have filed documents with the US government acknowledging their relationships with licensed cannabis companies, according to quarterly data provided by the US Treasury Department. The total is up from the first quarter of 2021, but still lower than the totals reported in the first quarter of […]

Financial institutions

By helping financial institutions connect their clients to private investment opportunities, Delio brings in $8.3 million

Cardiff-based startup Delio has secured an additional $8.3 million in a funding round led by Octopus Ventures. The company provides financial institutions with a white-label solution designed to facilitate investors’ access to alternative assets, including private equity, private debt and real estate. The round saw the participation of early backers Maven Capital Partners, and now […]

Bank loans

Delinquent bank loans increase by Tk 14,990 in 2021

The amount of delinquent loans in the country’s banking system increased by Tk 14,990 crore in 2021, despite regulatory forbearance. According to Bangladesh Bank data released on Wednesday, the amount of overdue loans in banks across the country rose to Tk 1,03,274 crore at the end of December 2021 from Tk 88,284 crore a year […]

Bank loans

Delhi businessman arrested for using false documents to take out bank loans, not repaying them | Delhi News

NEW DELHI: A 51-year-old businessman has been arrested for allegedly taking bank loans worth millions of rupees based on false documents and failing to repay them, officials said on Wednesday. Surender Yadav, a resident of Rewari in Haryana, was arrested by the Delhi Police Criminal Branch and a reward of Rs 25,000 was announced on […]

Financial institutions

Wells Fargo to Present at RBC Capital Markets Conference on Global Financial Institutions | Your money

SAN FRANCISCO–(BUSINESS WIRE)–March 2, 2022– Wells Fargo & Company (NYSE: WFC) today announced that Chief Technology Officer Saul Van Beurden will present at the RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 9, 2022 at 10:40 a.m. ET. This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220302005005/en/ Facade of a […]

Bank loans

UAE EXCLUSIVE Mashreqbank suspends Russian bank lending due to credit issues – sources

A view of the downtown skyline is seen from the Museum of the Future in Dubai, United Arab Emirates, February 23, 2022. REUTERS/Christopher Pike/File Photo Join now for FREE unlimited access to Reuters.com Register DUBAI, March 2 (Reuters) – Dubai’s Mashreqbank (MASB.DU) has stopped lending to Russian banks and is reviewing its current exposure to […]

Bank loans

EXCLUSIVE-UAE’s Mashreqbank suspends Russian bank lending due to credit issues -sources

Band Saeed Azhar and Yousef Saba DUBAI, March 2 (Reuters) – Dubai Mashreqbank MASB.DU has stopped lending to Russian banks and is reviewing its current exposure to the country due to heightened risks following Moscow’s invasion of Ukraine, two sources familiar with the matter told Reuters. The move is one of the first reported cases […]