Bank loans

FDIC Could Fight ‘Rent-a-Bank’ Loans

A dozen consumer protection groups like the National Community Reinvestment Coalition are calling on the Federal Deposit Insurance Corporation (FDIC) to end a practice known as “bank lease lending,” used by some online lenders to circumvent state interest rate caps on personal loans. loans and set interest rates above 100% or even 200%. Online lenders […]

Bank loans

Consumer groups want FDIC to ban rent-a-bank loans with rates that can exceed 100%: NPR

With the resignation of the head of the Federal Deposit Insurance Corp. of the Trump era, consumer protection groups see an opportunity to end “rent-a-bank” loans with exorbitant interest rates. Graeme Sloan/Sipa USA via Reuters hide caption toggle caption Graeme Sloan/Sipa USA via Reuters With the resignation of the head of the Federal Deposit Insurance […]

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Bank Loans vs Approved Lenders: Which is Better?, Money News

From major purchases to emergency expenses, many often turn to personal loans to fund such purchases. When you decide to take out personal loans in Singapore, you will be faced with two options: either acquire a personal loan from a bank or from an approved lender. Before deciding who to take out a loan from, […]

Bank loans

Consumer groups want the FDIC to ban bank lease loans with rates that can exceed 100%

With the resignation of the head of the Federal Deposit Insurance Corp. of the Trump era, consumer protection groups see an opportunity to end “rent-a-bank” loans with exorbitant interest rates. // Graeme Sloan/Sipa USA via Reuters In 2019, Sarah Ahmed needed about $2,000. She had just moved from Iowa to Tampa, Florida. And she was […]

Bank loans

Corporate borrowers take advantage of bank loans as yields turn corner

Bombay : An increasing number of corporate borrowers are lining up for bank loans as a direct result of the sharp rise in debt market yields, which has made such borrowing relatively cheaper. With the cost of borrowing rising in recent months, businesses are gradually returning to banks, bankers said. This is especially true for […]

Bank loans

“Nigeria now depends on the IMF and bank loans to pay workers’ wages”

Salary A professor of virology and a member of the World Health Organization’s technical advisory group on the composition of the COVID-19 vaccine, Oyewale Tomori, has lamented the refusal of successive administrations in Nigeria to invest in science and technology. Tomori said that instead of investing in what would bring positive returns, Nigeria has consistently […]

Bank loans

Message to New FDIC Leaders: Crack Down on “Lease a Bank” Loans

Consumer advocates are calling on new executives at the Federal Deposit Insurance Corp. to end partnerships between banks and fintechs that force borrowers to pay annual interest rates of up to 225%. Fifteen consumer groups called for a crackdown in a letter to Democratic appointees to the FDIC board, as Chairwoman Jelena McWilliams, a Republican […]

Bank loans

Corruption: Nigeria now depends on IMF and World Bank loans to pay workers’ salaries — Tomori

Olufemi Olaniyi, Ibadan Posted February 4, 2022 A professor of virology and a member of the World Health Organization’s technical advisory group on the composition of the COVID-19 vaccine, Oyewale Tomori, has lamented the refusal of successive administrations in Nigeria to invest in science and technology. Tomori said that instead of investing in what would […]

Bank loans

bad bank: Loans from Jaypee Infra, VOVL and GTL among 15 that can be sold to bad bank

Mumbai: Videocon Industries subsidiary VOVL Ltd, property company Jaypee Infratech, telecom infrastructure provider GTL Ltd, Visa Steel and Meenakshi Energy are among 15 companies with global loans amounting to ₹50,335 crore that commercial banks plan to sell to the bad news bank, National Asset Reconstruction Company of India (NARCL), people with knowledge of the matter […]

Bank loans

December bank lending rose 4.6% amid favorable PH outlook

Bank lending grew at a faster pace in December due to higher credit demand amid an improving economic outlook, the Bangko Sentral ng Pilipinas said on Monday. Preliminary data showed outstanding universal and commercial bank loans, net of reverse repurchase investments with the BSP, rose 4.6% year-on-year in December, faster than the 4.0% rise. in […]

Bank loans

The share of non-performing loans in total bank loans continues to fall

During its session today, the Board of the National Bank of Croatia reviewed current economic and financial developments and adopted several decisions on issues within its competence. Total assets of credit institutions increased by HRK 30.5 billion (6.6%) at the end of the third quarter of 2021 compared to the end of 2020, to stand […]

Bank loans

World Bank lends $750 million to South Africa to fight Covid-19 – News

The loan aims to protect the poor and vulnerable from the negative socio-economic effects of the pandemic. FILE – A baby cries as his mother receives her Pfizer COVID-19 vaccine, in Diepsloot township near Johannesburg on Thursday, October 21, 2021. A new variant of COVID-19 has been detected in South Africa which, according to scientists, […]

Bank loans

Legal pot growers still can’t get bank loans

COLUMBUS, Ohio (WCMH) — A study of legal marijuana growers shows banks are still hesitant to take their deposits or lend them money. A team of researchers from Ohio State University and the University of California, Davis, looked at how banks and marijuana growers still don’t interact. “It’s clear that we need policies that make […]

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Favorable taxation for startups, bank loans for drivers, drop in the E-auto GST rate

New Delhi, First published Jan 20, 2022, 2:19 p.m. IST Expectations are high for the 2022 Union budget, which Finance Minister Nirmala Sitharaman will present on February 1. Asianet Newsable reached out to businesses across all sectors to understand their hopes for the Union budget. Continue reading. Rahul Tadimalla, Executive Director, Prime Securities and Advisory […]

Bank loans

Iran’s bank lending to economic sectors registers 59.5% in…

(MENAFN) According to the IRIB, Iran’s banking system has allocated 20.195 quadrillion rials (over $73 billion) of services to local economic sectors in the first three quarters of the current Iranian calendar year (March 21-21 December 2021), registering an increase of 59.5% compared to the corresponding period last year. Based on data provided by the […]

Bank loans

Bank loans to economic sectors increase by more than 59%

TEHRAN – Iran’s banking system has disbursed 20.195 quadrillion rials (over $73 billion) in facilities to domestic economic sectors in the first nine months of the current Iranian calendar year (March 21-December 21, 2021), recording an increase of 59.5% over the same period the previous year, the IRIB reported. According to data provided by the […]

Bank loans

Delhi: 2 detained for deceiving hundreds of people on the pretext of granting bank loans

Two people have been arrested for allegedly deceiving hundreds of people in several states on the pretext of giving them bank loans. Police say the main defendant, Geeta Chouhan and his associate Jitendra Singh, were arrested this week. Two other defendants, Pushpendra Chouhan and Harish Baghel, were arrested in November last year. According to police, […]

Bank loans

New Chinese bank loans hit a record $3.13 trillion in 2021, despite falling in December

Yuan banknotes are seen in this illustrative photograph taken in Beijing July 26, 2010. REUTERS/Jason Lee Join now for FREE unlimited access to Reuters.com Register New loans in December 1.13 trln yuan vs f’cast 1.25 trln yuan Dec M2 money supply +9.0% y/y, vs. +8.7% f’cast Dec TSF 2.37 trln yuan, vs f’cast 2.45 trln […]

Bank loans

New bank loans in China hit a record $3.13 billion in 2021, despite falling in December | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China fell more than expected in December from the previous month, but lending for the whole of 2021 set a record as the central bank slowly ramps up policy support to cushion the economic downturn. Chinese banks extended 1.13 trillion yuan ($177.56 […]

Bank loans

A new Costa Rican law guarantees bank loans to companies affected by the pandemic:

The President of Costa Rica signed, this Wednesday, the “law for the creation of the National Guarantee Fund for the support of companies affected by COVID-19 and the economic recovery”, which allows the creation of loan guarantees to grant loans to people and businesses economically affected by the COVID-19 pandemic The Guarantee Fund is a […]

Bank loans

Sugar industry and textiles are major bank loan defaulters – Journal

KARACHI: Generally known for its profits, the sugar sector emerged with the highest bank loan infection rate during the third quarter of calendar year 2021. The State Bank’s statistical bulletin for January 2022 revealed that the infection rate for sugar sector loans rose to 29.1% in the 3rd quarter of 2021. The infection rate increased […]

Bank loans

Bank lending to government rises 23% in nine months to N2.1tn

Posted January 11, 2022 Bank loans to the government increased by 22.59%, reaching N2.17 billion at the end of September 2021 against N1.77 billion recorded in December 2020. This represents an increase of 400 billion naira over the nine-month period. This was in the Central Bank of Nigeria report titled “The Sectoral Allocation of Depository […]

Bank loans

Bank loans to government rise 23% in nine months, now N2.1trn

CBN Governor, Godwin Emefiele Bank loans to the government increased by 22.59%, reaching N2.17 billion at the end of September 2021 against N1.77 billion recorded in December 2020. This represents an increase of 400 billion naira over the nine-month period. This was contained in the report of the Central Bank of Nigeria titled “The Sectoral […]

Bank loans

Why Bank Loans Look Attractive in Today’s Market

KanawatTH/iStock via Getty Images By Reema Agarwal, CFA, Director, Floating Rate Debt, Franklin Templeton Fixed Income The technical and fundamental picture looks favorable for bank lending for a number of reasons, according to Reema Agarwal, director of floating rate debt at Franklin Templeton Fixed Income. She says current spreads look attractive amid what will likely […]

Bank loans

Dhanlaxmi Bank loans rise 10%, highest in 10 quarters

MUMBAI: After struggling with credit growth for more than two years, Thrissur-headquartered Dhanlaxmi Bank has turned the tide. The bank also ended a standoff with major shareholders over the appointment of an auditor. However, to maintain the growth momentum, the bank will need to require shareholder approval to raise capital. Currently, the bank, which is […]

Bank loans

4 gang members arrested for taking bank loans on fake IDs in Saharanpur | News from Meerut

Muzaffarnagar: Four gang members who used to take loans on the basis of false documents have been arrested and sent to jail, Saharanpur police said on Saturday. Police said during questioning that gang members revealed their modus operandi. They said they would create a fake ID of an applicant, procure ownership documents in the name […]

Bank loans

AIB’s €4.1bn purchase of Ulster Bank loans comes under greater scrutiny

AIB’s planned acquisition of €4.1 billion in corporate and commercial loans from Ulster Bank is under further scrutiny by the competition watchdog, a- he revealed this afternoon. he Competition and Consumer Protection Commission (CCPC) today said it intended to undertake a so-called Phase 2 investigation into the planned purchase. “Following a thorough preliminary investigation, the […]

Bank loans

Man detained in Dubai for taking out bank loans on behalf of his compatriots

Dubai: A Dubai-based man has been accused of tricking four of his compatriots into obtaining their documents and making them sign bank loan papers claiming they were employment contracts. According to the Dubai Magistrate’s Court, the defendant and three other compatriots defrauded a group of four with “new job offers” at a construction company in […]

Bank loans

World Bank lends $221m to Vietnam for economic recovery from Covid-19

The World Bank has signed an agreement with Vietnam for $221.5 million to finance the country’s recovery from the coronavirus pandemic. “The Government of Vietnam and the World Bank have signed a $221.5 million financing agreement to support Vietnam’s recovery from the COVID-19 pandemic through policy reforms aimed at improving financial inclusion and stimulate greater […]

Bank loans

REHAB Fair sees commitments for bank loans of Tk 1,500 crore

Prospective buyers have received pledges of around Tk 1,500 crore from banks to purchase apartments, land and commercial spaces at the Real Estate and Housing Association of Bangladesh (REHAB) fair . Various real estate companies sold apartments, land and commercial spaces worth Tk 397 crore during the fair held at the Bangabandhu International Conference Center […]

Bank loans

World Bank loans Nigeria $700m for water supply, FG blames states

Posted December 22, 2021 The federal government has secured a $700 million loan from the World Bank for specific water projects in the country, Water Resources Minister Suleiman Adamu said. According to him, most of the problems related to water supply in the country are the responsibility of state governments. The minister said this in […]

Bank loans

Diamond Group Sanghavi Exports Defaults On IDBI Bank Loans Worth Rs 16.72 Crore | New Companies

Mumbai: In another stupefying, a leading diamond dealer is said to have defaulted on loans worth Rs 16.72 crore to the government-backed private sector IDBI Bank Ltd, Mumbai, official sources have said. The outstanding amount also includes a large foreign exchange component of over $161,000 or about Rs 1.20 crore. “It has been brought to […]

Bank loans

Delhi. Man detained for taking out bank loans using false papers | Delhi News

NEW DELHI: The Economic Crimes Wing of the Delhi Police has arrested a suspected con man who along with his associates tricked banks and other financial institutions into availing loans using false papers and already mortgaged properties. The accused was identified as Maheshwar Sharma, a resident of Kotla Mubarakpur area. The cops are looking for […]

Bank loans

African Development Bank lends Nigeria $210m for Special Agro-Industrial Zones

A $210 million loan approved by the Board of Directors of the African Development Bank (www.AfDB.org) on Monday could impact the lives of millions of people in Nigeria, Africa’s most populous country. The loan will co-finance Phase 1 of Nigeria’s Special Agro-Industrial Processing Zones Programme. The program will help unlock the potential of the Nigerian […]

Bank loans

Tangedco bank loans placed on negative watch

India Ratings and Research has placed Tamil Nadu Generation and Distribution Corporation (Tangedco) bank loans BBB rating on Rating Watch Negative (RWN), citing that creditors have moved the National Company Law Tribunal (NCLT) against the utility of state electricity during the problem of non-payment of contributions. The RWN indicates that the rating may be upheld […]

Bank loans

China: New November Bank Loans Increase Less Than Expected As Position Shifts Towards Easing

BEIJING: New bank lending to China increased less than expected in November compared to the previous month, even as the central bank seeks to support slowing growth in the world’s second-largest economy. Chinese banks granted 1.27 trillion yuan ($ 200.19 billion) in new yuan loans in November, up from October but below analysts’ expectations, according […]

Bank loans

China New bank lending in November rises less than expected as stance tilts toward easing

Nov new loans 1.27 trln yuan against f’cast 1.56 trln yuan Money supply Nov M2 +8.5% y/y, vs f’cast of +8.7% Nov TSF 2.61 trillion yuan, vs f’cast 2.70 trillion yuan C.bank’s stance tilts toward easing as growth slows BEIJING, Dec 9 (Reuters) – New bank lending in China rose less than expected in November […]

Bank loans

Defaulters thrive on bank loans but don’t want to repay

Thanks to bank loans, they kept getting stronger – their businesses grew and they bought land, apartments, SUVs and so on. Yet these willful defaulters are unwilling to repay their debts. Banks have resorted to the courts to recover their money, but lengthy legal proceedings hampered and hampered their efforts, allowing defaulters to lounge around. […]

Bank loans

Bank loans to MSMEs reach P202B

BSP Governor Benjamin Diokno. CONTRIBUTED PHOTO The BANK’s loans to micro, small and medium-sized enterprises (MSMEs) have increased to more than 200 billion pesos after the Bangko Sentral ng Pilipinas (BSP) lowered the reserve requirement rules for lenders, according to the governor of the BSP Benjamin Diokno. “For the week ending October 31, 2021, the […]

Bank loans

Total bank loans approach $ 3 trillion, APRA says

The value of total resident loans and finance leases reached just under $ 3 trillion in October, and home loans to $ 1.9 trillion, according to new statistics from APRA. Mortgages to homeowners and investors rose in October 2021, reflecting strong borrower demand spurred by low rates, new data shows. Australian Prudential Regulation Authority (APRA) […]

Bank loans

Business News | Stock and Equity Market News | Financial News

Search mutual fund quotes, news, net asset values Trident INE064C01022, TRIDENT, 521064 CDS INE467B01029, SDC, 532540 Suzlon Energy INE040H01021, SUZLON, 532667 TataTeleservice INE517B01013, TTML, 532371 Alok Industries INE270A01029, ALOKINDS, 521070 Search mutual fund quotes, news, net asset values Trident INE064C01022, TRIDENT, 521064 CDS INE467B01029, SDC, 532540 Suzlon Energy INE040H01021, SUZLON, 532667 TataTeleservice INE517B01013, TTML, 532371 […]

Bank loans

MP asks why netas are denied bank loans because they are ‘politically exposed’, FM says there is no such policy | India News

NEW DELHI: Noting how banks are reluctant to provide loans to politicians, including MPs, as they fall under the category of “politically exposed persons”, BJP GVL MP Narsimha Rao on Tuesday urged the Ministry of Finance to remove this stigma, which is also an “insult”. ”. Union Finance Minister Nirmala Sitharaman said there was no […]

Bank loans

Bank lending to MSMEs increases to over P200B

The Bangko Sentral ng Pilipinas (BSP) maintains the momentum of support for Micro, Small and Medium Enterprises (MSMEs) as they strive to retain their customer base and expand their market amid the continued disruptions of the coronavirus pandemic. COVID-19. According to the BSP, the banking system allocated an average of 202.2 billion pesos in loans […]

Bank loans

Bank loan deferral plan presented in Bahrain

An urgent proposal to postpone all bank loan disbursements until June next year for Bahrainis was tabled yesterday. The current loan deferral option expires on December 31. The Central Bank of Bahrain (CBB) was also asked to encourage the government to support the proposal which was led by MP Ibrahim Al Nefaei and four others. […]

Bank loans

84% of SMEs think bank loans are difficult to obtain

Only 16% of SMEs think it’s easy to get a loan from a bank, according to the leading independent business index RedZed. A new report released by small and medium-sized business (SME) lender RedZed has suggested that the vast majority of SMEs are skeptical about getting a bank loan, with just 16% expressing that they […]

Bank loans

Coffee farmers cite rain losses and demand rescheduling of bank loans

The Karnataka Planters Association, which has painted a grim picture of the coffee production scenario due to continued rainfall in the coffee-growing areas, urged the Center on Monday to reschedule the tenor of loans to growers over a period seven years old. Association President S Appadurai and Secretary Anil Savur D called for the relief […]

Bank loans

China Oct, new bank loans fall less than expected, mortgages rise

BEIJING: New bank lending to China fell sharply in October compared to the previous month, but not as bad as expected by analysts who expect the central bank to cautiously ease monetary policy amid the risks of stagflation. Data released by the People’s Bank of China on Wednesday showed that banks made new loans of […]

Bank loans

China October New bank loans fall less than expected, mortgages rise | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China fell sharply in October from the previous month, but not as badly as analysts expected, expecting the central bank to cautiously ease monetary policy amid the risks. of stagflation. Data released by the People’s Bank of China on Wednesday showed banks […]

Bank loans

China October new bank loans fall less than expected, mortgages rise

BEIJING (Reuters) – New bank lending in China fell sharply in October from the previous month, but not as badly as analysts expected, expecting the central bank to cautiously ease monetary policy amid the risks. of stagflation. FILE PHOTO: A man wearing a mask walks past the headquarters of the People’s Bank of China, the […]

Bank loans

China’s new October bank loans are expected to halve from the previous month – Reuters poll

BEIJING: New bank lending to China is expected to have plunged in October from the previous month, but yuan lending is expected to be higher than a year earlier, a Reuters poll showed, as the central bank wary of the policy easing amid stagflation concerns. . It is estimated that Chinese banks issued 800 billion […]

Bank loans

China’s October new bank loans expected to be halved from previous month – Reuters poll | Investment News

BEIJING (Reuters) – New bank lending in China is expected to have plunged in October from the previous month, but yuan lending is expected to be higher than a year earlier, according to a Reuters poll, as the central bank wary of policy easing amid stagflation concerns. Chinese banks are estimated to have issued 800 […]

Bank loans

Ant Group Begins to Differentiate Jiebei Consumer Lending Business from Bank Lending | Investment News

BEIJING (Reuters) – China’s Ant Group said on Monday it was working to “differentiate” part of its Jiebei short-term consumer lending business as it pursues a Beijing-led restructuring aimed at curbing some of its freewheeling activities. Ant, the financial arm of e-commerce giant Alibaba Group, had its $37 billion IPO derailed by regulators last year […]

Bank loans

China’s October new bank loans expected to halve from previous month

U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are pictured at a branch of a foreign bank in Beijing January 4, 2016. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register New loans in October at 800 billion yuan against 1.66 trln yuan in September Money supply growth in October at 8.3% […]

Bank loans

Ant Group begins to differentiate Jiebei consumer lending business from bank lending

BEIJING (Reuters) – China’s Ant Group said on Monday it was working to “differentiate” part of its Jiebei short-term consumer lending business as it pursues a Beijing-led restructuring aimed at curbing some of its freewheeling activities. Ant, the financial arm of e-commerce giant Alibaba Group, had its $37 billion IPO derailed by regulators last year […]

Bank loans

Vadodara: Kingpin engaged in crime to repay bank loans | News from Vadodara

VADODARA: Business losses during the Covid-19 pandemic and the lockdown may have pushed Shahid Navdekar, the mastermind of the black dollar scam, as he wanted to repay his housing loan. Investigators said Shahid used the embezzled money to repay his loan which had been several months overdue while another defendant, Bharat Gida, invested the money […]

Bank loans

Find an opportunity in bank loans

Matthew McInerny Timothy Rabe DSI: We saw record issuances of floating rate bank loans in the first quarter of 2021, and there is still a busy calendar of offerings ahead. What drives the appetite for this type of debt? Matthew McInerny: We believe we are at an attractive entry point for this asset class both […]

Bank loans

Growing Risks of Bank Lending Amid Pandemic – Opinion

Harry Pattikawa (Jakarta Post) PREMIUM Rotterdam, Netherlands ● Thu 21 October 2021 Bank Indonesia (BI) and the Indonesian Financial Services Authority (OJK) have been actively working hand in hand to rescue the national economy from the health crisis caused by COVID-19. BI increased the Loan to Value Ratio (LTV) regulation from 80-90% to 100%. LTV […]

Bank loans

Industry share in bank lending to record 26%, data shows

The share of industrial credit in bank lending, after years of sluggish growth, fell to an all-time high of 26 percent in the first five months of FY22, from 26.6 percent in the FY21. At its peak in FY13, industrial credit accounted for almost 46 percent of loan disbursements. In comparison, personal loans, including home […]

Bank loans

Bank loans to economic sectors increase by 58%

TEHRAN – Iran’s banking system has disbursed 12.41 quadrillion rials (over $295.49 billion) in facilities to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-September 22). ), registering an increase of 57.9% compared to the same period the previous year, the IRIB reported. According to data provided by […]

Bank loans

Marketing, marketing with bank loans

The RBI’s general guidelines for an active secondary market for bank loans aim to strengthen liquidity and risk management for banks, as well as transparency and availability of credit for borrowers. An active secondary market for corporate loans should promote an active corporate bond market and increase efficient and arm’s length financing. A loan assignment […]

Bank loans

China Bank loans in September rise less than expected, broader credit growth slows

BEIJING: New bank lending in China accelerated in September from the previous month, but fell short of expectations as the central bank tried to support the sluggish economic recovery while keeping an eye on rising debt and bubble risks. The world’s second-largest economy has rebounded from the depths of the COVID-19 pandemic, but has shown […]

Bank loans

Yes Bank loans and advances increase 3.6% YoY in Q2 FY22

Yes Bank said loans and advances (provisional) increased by 3.6% to Rs 172,945 crore as of September 30, 2021 from Rs 166,923 crore as of September 30, 2020. Private banking deposits increased by 30.1% year-on-year and 8.2% quarter-on-quarter to reach Rs 176,672 crore as of September 30, 2021. deposits (CD) totaled Rs 5,031 […]

Bank loans

Forest fires and bank loans in Turkey • City, University of London

Perhaps one of the most worrying signs of climate change, unprecedented wildfires have broken out in several Mediterranean countries in recent weeks, devastating the forests of many coastal cities in Turkey and Greece. The fires have ravaged homes and businesses, killed many farmers’ livestock and possibly even more wildlife. with temperatures estimated at 200°C. However, […]

Bank loans

Bank lending to NBFCs grows more slowly as credit to small lenders dries up

Outstanding credit to non-bank lenders has been growing in the low numbers for much of the current year, with banks’ NBFC book actually down 2.2% year-on-year in June 2021. Growth in outstanding bank loans to non-bank financial corporations (NBFCs) has slowed significantly on an annual basis (year-on-year) in 2021, according to data released by the […]

Bank loans

Forest fires and bank loans in Turkey

Turkey’s recent wildfires not only destroyed more than 95,000 hectares of its coastal forest land, but also further divided the country in its political colors. This article examines the implications of the recent confrontation between central and local governments and explores in detail how the costs of political misalignment may affect bank lending practices in […]

Bank loans

SG bank loans rise by a record 3.5% in June

This is the fastest expansion rate since October 2018. Singapore bank lending rose 3.5% year-on-year (YoY) in June, the highest since October 2018, amid market optimism, OCBC Treasury Research reported. This is due not only to last year’s weak base, but also to more buoyant economic sentiment. Business loan growth finally returned to positive territory […]

Bank loans

Bank lending to real estate and construction sectors tops $10 billion

The Cambodian banking sector’s combined exposure to real estate and construction loans amounted to 31% of the sector’s total loan portfolio of $33.9 billion at the end of June, or about $10.5 billion, according to the central bank. Broken down by segment, mortgages, construction and real estate accounted for $4.44 billion (13.1%), $3.22 billion (9.5%) […]

Bank loans

TSB standing in potential deal for Ulster Bank loans

Shares of Permanent TSB soared more than 16% today after news broke of a potential deal worth around 7.6 billion euros to buy parts of Ulster Bank’s business here. The lender said it had entered into a non-binding memorandum of understanding with Ulster Bank owner NatWest over a potential acquisition involving certain elements of Ulster […]

Bank loans

Stephen Calk: Banker convicted of bribery over bank loans to Manafort seeking Trump administration job

Stephen Calk, the former chairman and chief executive of the Federal Savings Bank, was convicted of one count of bribery at a financial institution and one count of conspiracy to commit bribery at a financial institution. The charges carry a maximum of 30 and 5 years in prison, respectively. Calk was ultimately never offered or […]

Bank loans

Banker convicted of bribery over bank loans to Manafort seeking Trump administration job

By Lauren del Valle A former Chicago bank executive was found guilty on Tuesday of charges alleging that he conspired with former Donald Trump campaign chairman Paul Manafort to swap risky bank loans for a high-ranking job in the presidential administration. Stephen Calk, the former chairman and chief executive of the Federal Savings Bank, was […]

Bank loans

Bank loan collection efficiency improves in June

Chennai: Banks saw improvement in loan collection efficiency in June after states eased several lockdowns as second wave of Covid recedes. For Equitas Small Finance Bank, the efficiency of collection of auto loans fell to 89.3% in June, against 67.35% in May. While for microfinance lending it fell to 66.9% from 63.6% and for small […]

Bank loans

Bank loans of Rs 750 crore to sugar mill linked to Maharashtra MP CM Ajit Pawar under ED lens | Bombay News

MUMBAI: Loans amounting to Rs 750 crore provided by four cooperative banks to a sugar factory leased by a company linked to Deputy Chief Minister Ajit Pawar and his wife, Sunetra, have gone under the scanner of the Directorate of l application while investigating a money laundering case. The ED issued notices to the four […]

Bank loans

China June New bank loans and credit growth rise above expectations | Investment News

BEIJING (Reuters) – China’s new bank lending rose more than expected in June from a month earlier, while general credit growth also accelerated markedly as the central bank sought to support slowing growth. of the world’s second largest economy. Chinese banks extended 2.12 trillion yuan ($327 billion) in new yuan loans in June, up from […]

Bank loans

Andhra Pradesh government could facilitate bank loans to beneficiaries in Jagananna settlements | Vijayawada News

AMARAVATI: In order to give a new impetus to the construction of houses in the settlements of YSR Jagananna, the state plans to use banks to provide loans to the beneficiaries. The government plans to offer a subsidy on the interest rate to be charged by banks to ensure that loans are given at an […]

Bank loans

HDFC Bank loans surge over 14% to Rs 11.47 lakh crore in June

HDFC Bank on Monday reported a growth of 14.4% in advances to over Rs 11.47 lakh crore as of June 30 this year. “Advances from the bank amounted to approximately Rs 11.475 billion as of June 30, 2021, a growth of approximately 14.4% from Rs 10.033 billion as of June 30, 2020 and a growth […]

Bank loans

Yes, Bank loans and advances decrease slightly to Rs 1.63 trillion by the end of June

Yes Bank’s loans and advances fell by 0.4% to Rs 1.63 lakh crore at the end of June 30, 2021, according to bank data released on Monday. Loans and advances stood at Rs 1,63,914 crore as of June 30, 2021, from Rs 1,64,510 crore a year ago, registering a marginal decline of […]

Bank loans

Yes Bank’s loans and advances contract in the first quarter due to the impact of Covid-19

Private lender Yes Bank’s loans and advances declined in the first quarter of FY22 on a year-over-year and sequential basis, reflecting the economic and business impact of the coronavirus (Covid-19) pandemic. Sequentially, the loan portfolio contracted by 1.8% to Rs 1,63,914 crore at the end of June 2021 from Rs 1,66,893 crore […]

Bank loans

Find out the interest rates for bank loans under the Prime Minister’s Street Vendor Scheme

Banks offer high interest rates on loans to beneficiaries under PM’s street vendor scheme As the nationwide lockdown was imposed in March 2020 and several migrant workers were stranded without any source of income, the Ministry of Housing and Urban Affairs launched the Prime Minister’s AmtaNirbhar Nidhi (PM SVANidhi) program on June 1, 2020. ). […]

Bank loans

Chinese bank lending unexpectedly increases in May, but broader credit growth slows

A Chinese yuan note is seen in this illustrative photo from May 31, 2017. REUTERS/Thomas White/Illustration Join now for FREE unlimited access to Reuters.com Register BEIJING, June 10 (Reuters) – China’s new bank lending unexpectedly rose in May from a month earlier, but overall credit growth continued to slow as the central bank sought to […]

Bank loans

Capital Calls: Small is less attractive in Indian bank loans

A man displays 500 Indian rupee banknotes, in Ajmer, India November 24, 2016. Join now for FREE unlimited access to Reuters.com Register MUMBAI, May 10 (Reuters Breakingviews) – Concise information on global finance. ———————————————– MICRO-MADNESS. Earnings from Kolkata-based Bandhan Bank (BANH.NS) are a stark reminder of how volatile extending credit to the underserved can be. […]