Bank loans

Ind Ra rates the bank loans offered by Adani Power at “IND provisional A/positive”

India Ratings and Research (Ind-Ra) has rated the bank loans offered by Adani Power Limited (APL) at “IND A Provisional”/Positive. According to the rating justification report, APL is in the process of merging six operating entities which are Adani Power (Mundra) Ltd. (APMuL), Adani Power Maharashtra Ltd. (APML), Adani Power Rajasthan Ltd. (APRL), Udupi Power […]

Financial institutions

Federal Reserve Launches Service to Help Financial Institutions Track Payment Trends Settled Through Its FedACH® Service

CHICAGO–(BUSINESS WIRE)–Federal Reserve Financial Services today launched FedPayments® Insights Service, a business and analytics tool that generates reports on a financial institution’s payments settled through the FedACH service to help the organization advance its business strategy and day-to-day ACH operations. “In recent years, ACH transactions have grown in both volume and total value,” said Keith […]

Bank loans

Crisil maintains an AA- rating on DLF’s bank loans; Increases outlook to positive

Newswires MT 2022 All DLF LIMITED news Sales 2023 64,785 million 813M 813M 2023 net income 23,234M 292M 292M Net debt 2023 21,630M 272M 272M PER 2023 ratio 40.2x 2023 return 0.71% Capitalization 963B 12,092 million 12,092 million EV / Sales 2023 15.2x EV […]

Personal loans

Is interest on personal loans tax deductible? | Personal loans and advice

You can use a personal loan for many useful purposes, but borrowing money can be expensive. To keep costs down, you might be wondering: is personal loan interest tax deductible? The answer depends on how you spend the funds. Here’s what you need to know about deducting interest on personal loans from your taxes — […]

Bank loans

Baylis Fire Department continually invests in required equipment updates and seeks bank loans

BAYLIS, Ill. (WGEM) – The Baylis Fire Department is investing in new equipment, from trucks to gear, even though it’s working very well and even though they don’t have the immediate funds to pay for it. Fire Chief Tom Lewis said they had to do so to meet state deadlines and not be penalized. A […]

Debt finance

Husk Power Systems Obtains $6 Million Debt Financing from EDFI Electrify – Jammu Kashmir Latest News | Tourism

New Delhi, September 15: Husk Power Systems, a leading net-zero energy service company operating in Asia and Africa, announced on Thursday that it has secured $6 million in debt financing from EDFI ElectriFI , funded by the EU.Husk Power will use the capital to build solar hybrid microgrids in 80 additional communities in rural India, […]

Bank loans

Saudi Credit Bureau (SIMAH) Enables Millions More Consumers to Access Bank Loans After Introduction of FICO Score

LONDON–(BUSINESS WIRE)–FICO (NYSE:FICO) Strong points: SIMAH has set up the FICO® Score in the Saudi market helping to develop financial inclusion and allowing lenders to increase their portfolios Millions more Saudis can access loans since FICO Score was introduced in 2011 SIMA won a 2022 FICO® Decisions Award for Financial Inclusion Saudi Credit Bureau (SIMAH), […]

Bank loans

One-time settlement of bank loans would not attract tax, says CBDT

By Rasheela Basher – September 13, 2022 7:28 PM The Central Board of Direct Taxation (CBDT) clarified that the single bank loan settlement would not attract tax under Section 194R of the Income Tax Act 1961. The new article obliges a person, who is responsible for providing a benefit or an indirect advantage to a […]

Debt finance

Allen & Overy Debt Finance Duo Released for White & Case

White & Case is adding two debt financing partners from Allen & Overy in New York, Judah Frogel and Rajani Gupta, continuing a hiring spurt during which the firm had added 10 laterals to the debt financing practice in the world so far in 2022. These moves are also part of a larger, long-term pattern […]

Financial institutions

Cross transactions between clients and financial institutions – Markets

KARACHI: Here are the cross transactions between customers and financial institutions here on Monday (September 12, 2022). ================================================================================================ CROSS TRANSACTIONS BETWEEN CLIENT TO CLIENT & FINANCIAL INSTITUTIONS ================================================================================================ Member Company Turnover Rates Name of Shares ================================================================================================ Creative Cap. Sec. Al Shaheer Corp. 2,000,000 10.60 Total/Weighted Avg. Rate 2,000,000 10.60 Zafar Sec. Hascol Petroleum 2,500,000 7.03 […]

Financial institutions

AWS for Financial Institutions Beeks Financial Cloud has the backing of a major stock exchange

– $57 billion Exchange Cloud client, cornerstone of ICE – Beeks has raised its forecast three times this year – Analysts predict 62%/43% revenue/earnings growth When a technology platform company launches new products, it is extremely useful to have a major user on board from the start. Big tick in the box here for Beeks […]

Financial institutions

Outsourcing in Luxembourg: the CSSF consolidates the regulation of financial institutions | Morgan Lewis – Technology and Procurement

The regulation of financial services relating to outsourcing by financial institutions having their registered office in Luxembourg has been considerably simplified by the introduction of the outsourcing circular of the Commission de Surveillance du Secteur Financier (CSSF) CSSF 22/806 (Circular outsourcing). The circular on outsourcing, which entered into force on June 30, 2022, consolidated Luxembourg’s […]

Personal loans

Use these steps if you’re having trouble clearing personal loans

Recently, I hosted some friends at my home. One topic that quickly took up most of our chat time was the pros, and of course, the cons of having so many downloadable loan application software floating around in the ether. During this conversation I revealed how I had to access a personal loan from one […]

Financial institutions

Bengal Chamber connects MSMEs in Kolkata to financial institutions

Bengal Chamber connects MSMEs in Kolkata to financial institutions Kolkata, September 10 (KNN) Working with LIC and HSBC, the Bengal Chamber of Commerce and Industry (BCCI) has connected leading fintechs and financial institutions with MSMEs to address their capital issues. During the discussion, experts said that Indian MSMEs could contribute to India’s GDP. They were […]

Financial institutions

Reserve Bank of India in talks with global financial institutions and local banks on piloting CBDC

The Reserve Bank of India (RBI) has announced plans to accelerate its central bank digital currency (CBDC) plans by the end of the fiscal year. The banking regulator has enlisted four public sector banks and several international fintech firms to collaborate on the pilot initiative. “The RBI has asked State Bank of India, Punjab National […]

Financial institutions

Credit card code that would allow financial institutions to report unusually large arms sales is approved

A credit card categorization code that could improve tracking of gun sales has been approved by an international panel that sets standards for the payments industry, according to New York City Comptroller Brad Lander and Amalgamated Bank. The International Organization for Standardization, based in Geneva, Switzerland, has approved the bank’s request for a merchant category […]

Financial institutions

Outsourcing in Luxembourg: the CSSF consolidates the regulations for financial institutions – Tech & Sourcing @ Morgan Lewis

The regulation of financial services relating to outsourcing by financial institutions having their registered office in Luxembourg has been considerably simplified by the introduction of the outsourcing circular of the Commission de Surveillance du Secteur Financier (CSSF) CSSF 22/806 (Circular outsourcing). The circular on outsourcing, which entered into force on June 30, 2022, consolidated Luxembourg’s […]

Bank loans

UPDATE 2-China’s August New Bank Loans Rise Less Than Expected, Credit Growth Slows

* August new yuan loans 1.25 trillion yuan vs 1.48 trillion yuan f’cast * August M2 money supply +12.2% y/y, vs f’cast of 12.1% * August TSF 2.43 trillion yuan, vs f’cast 2.075 trillion yuan (adds analyst comment) BEIJING, Sept 9 (Reuters) – New bank lending in China rose less than expected in August as […]

Bank loans

China’s August new bank loans rise less than expected, credit growth slows

BEIJING (Reuters) – New bank loans in China rose less than expected in August, while general credit growth slowed, as COVID surges and a deepening housing crisis weigh heavily on the economy despite the central bank’s efforts to stimulate demand. Banks extended 1.25 trillion yuan ($180.63 billion) in new yuan loans in August, up from […]

Bank loans

Yes bank loans: Cerbère-Arcil out of the race to buy Yes loans

Cerberus Capital and Asset Reconstruction Company of India (Arcil) has dropped out of the race to acquire over ₹48,000 crore worth of distressed loans from Yes Bank. They did not submit a counter-offer against a binding offer from JC Flowers ARC, two people with knowledge of the development said. Yes Bank will soon declare JC […]

Bank loans

Delinquent bank loans hit a record 1.25 trillion in Bangladesh

Published: 08 September 2022 19:27:17 | Updated: 08 September 2022 23:54:35 The amount of delinquent bank loans in the country increased by around 9.0% to a record Tk 1.25 trillion amid the negative impact of the Covid-19 pandemic till June this year. According to Bangladesh Bank’s June quarter report, the disbursement of loans from banks […]

Financial institutions

‘DangerousSavanna’ Hackers Targeted Financial Institutions in Africa for Two Years

A persistent campaign of cyberattacks has emerged targeting major financial institutions in Francophone African countries and has been active for the past two years. The campaign was discovered by Check Point Research (CPR) and dubbed “DangerousSavanna”. He relied on spear-phishing techniques to initiate chains of infection. Threat actors allegedly sent malicious attachment emails in French […]

Bank loans

The real estate sector struggles to access bank loans

Statistics from the State Bank of Vietnam showed that credit in the first half grew by 9.35%, while the credit growth target for the full year is 14%. The remaining credit growth room is equivalent to some VND 450 trillion and is expected to be prioritized for the corporate and manufacturing sectors. Banks have nearly […]

Debt finance

White & Case Hits HSF for Madrid Debt Finance Expert

White & Box a expanded its global debt finance practice in Madrid with the addition of a lawyer from Herbert Smith Freehills Jaime Rossi, who has worked as counsel at HSF since 2020 and advises on financing transactions ranging from acquisition and real estate to restructuring and syndicated loans, joins the firm as a partner, […]

Personal loans

Review of Prosperous Personal Loans 2022

What can Prosper Personal Loans be used for? Prosper helps borrowers access fixed rate unsecured personal loans with terms of three or five years. Borrowers can use their personal loans for a variety of purposes, including: Debt consolidation. Home improvement. Medical fees. Household expenses. Vehicle purchases. Borrowers cannot use Prosper Loans to pay for post-secondary […]

Bank loans

Canara Bank loans will become more expensive as benchmark lending rate rises to 0.15%

In a move that will make lending more expensive, Canara Bank on Tuesday increased the benchmark marginal cost of funds-based landing rate (MCLR) to as much as 0.15%. The new lending rates would come into effect on Wednesday, September 7, Canara Bank said in a regulatory filing on Tuesday. The existing loan rate, which is […]

Debt finance

“Historic” 100MW BESS Debt Financing Deal Online in California

Fluence Gridstack BESS units on the Luna project site, posted on LinkedIn by AES Clean Energy President Leonardo Moreno. Image: Leonardo Moreno via LinkedIn. Luna Battery Storage, a 100MW/400MWh battery energy storage system (BESS) project in California that secured a “historic” debt financing deal, is now online and serving the community choice aggregator Clean Power […]

Financial institutions

Stephens Adds 3 Leaders to Financial Institutions Group | Arkansas Business News

We were unable to send the item. Stephens Inc. of Little Rock has added three executives to its group of financial institutions, hires that bring 60 years of collective experience to the company. Peter McCorry, Russell Gunther and Jake Morton joined the company as managing directors. They will be based in Stephens’ New York office. […]

Bank loans

Uzbekistan reveals bank loans allocated to economic sectors in 7M2022

BAKU, Azerbaijan, September 2. The volume of loans granted to the industrial sector of Uzbekistan from January to July 2022 amounted to 120.5 trillion soums (10.9 billion dollars), an increase of 10.5% compared to the same period l year (109 trillion soums, or $9.9 billion). Trend reports citing the Uzbek Central Bank. Meanwhile, lending to […]

Financial institutions

RBC Passes Texas Test for Fossil Fuel-Friendly Financial Institutions

Royal Bank of Canada could soon be kicked out of Mark Carney’s Glasgow Financial Alliance for Net-Zero (GFANZ) when the global coalition begins to tighten its rules next year. But don’t worry, the bank’s climate policies have been deemed soft enough to pass a Texas government test of whether financial institutions are oil and gas […]