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

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

UPDATE 2-China Feb new bank lending falls 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 Feb M2 +9.2% y/y, vs f’cast 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 * (Adds details, analyst comment) By […]

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 […]

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 […]

Financial institutions

Fair Finance Asia study finds gender equality ignored by financial institutions allowing large Asian agricultural conglomerates that mainly employ women as informal workers

PHNOM PENH, Cambodia, March 8, 2022 /PRNewswire/ — Between 2016 and 2020, 125 of the largest agribusinesses operating in ASEAN, India, Japanand Pakistan has received $22.6 billion in the lending and underwriting services of financial institutions active in Asia and around the world. Specifically, the new Fair Finance Asia (FFA) study assessed the policies of […]

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, […]

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 […]

Financial institutions

ThetaRay AI Tech enables financial institutions and regulators to identify illicit attempts to circumvent economic sanctions

Built-in transaction monitoring/filtering system ensures safe cross-border transfers and prevents violations of sanctions imposed on Russia following the invasion of Ukraine NEW YORK, TEL AVIVand LONDON, March 2, 2022 /PRNewswire/ — ThetaRay, provider of AI-powered financial transaction monitoring technology to protect banks and fintechs from financial crime, today announced that its system can identify sophisticated […]

Personal loans

Personal Loans Can Help You Pay Off $10,000 in Credit Card Debt 10 Years Faster: Here’s How

item Consolidating your credit card debt into a personal loan at a lower rate can help you get out of debt faster and save extra money on interest charges. (Stock) Credit cards can give savvy consumers a way to earn rewards on everyday spending, but they can also create a cycle of high-interest debt that’s […]

Financial institutions

Visa and Mastercard block Russian financial institutions after sanctions

This image shows a person’s hands holding cash and Visa and Mastercard. On February 24, the United States announced that it was imposing sanctions on major Russian banks, including Sberbank and VTB, in response to the special military operation in Ukraine. Sanctioned banks will not be able to reissue Visa and Mastercard cards after the […]

Financial institutions

Mastercard and Visa block Russian financial institutions after new sanctions

Mastercard and Visa have pledged $2 million for humanitarian aid to Ukraine. Photo: Maxim Zmeyev/Reuters Mastercard (MA) and Visa (V) blocked several financial institutions in Russia from using their payment networks after the West imposed tougher sanctions on the country. On Monday evening, Mastercard said it would continue to work with regulators in the coming […]

Financial institutions

Domestic extremists a ‘challenge’ to financial institutions, says US Treasury

Domestic extremists pose a “challenge” to financial institutions, the US Treasury Department has warned in a new report analyzing their sources of funding alongside those of foreign terrorists. Because so-called domestic violent extremists generally engage in normal transactional activity and often use legal methods of fundraising, they can be difficult for authorities to detect, the […]

Personal loans

Upstart Personal Loans Review 2022 – Forbes Advisor

The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Upgrade Personal Loans compare to other popular lenders: Upstart Vs. Improve Upstart and Upgrade are designed to be able to lend to borrowers with poorer credit. While Upstart’s recommended minimum credit score requirement is 600, Upgrade’s is […]

Financial institutions

Ukraine crisis: Mastercard blocks several financial institutions for sanctions against Russia – News

Russians rushed to ATMs and waited in long lines on Sunday, fearing bank cards might stop working. Reuters By Reuters Published: Tue, March 1, 2022, 9:22 AM Last update: Tue, March 1, 2022, 9:28 AM Mastercard Inc said late Monday it blocked several financial institutions from its payment network following sanctions imposed on Russia following […]

Bank loans

AP: OTS recipients can now take out bank loans, says Jagan

Chief Minister YS Jagan Mohan Reddy said the granting of the loans would further benefit the beneficiaries of the Single Settlement (OTS) and handed over the checks to the beneficiaries within the limits of the Guntur Municipal Corporation. Mr. Jagan Mohan Reddy launched the loan facility for OTS beneficiaries on Monday and held a review […]

Bank loans

Bank loans rose 8.5% in January for a sixth consecutive month of growth

Bank lending by universal and commercial banks rose for the sixth consecutive month at a faster pace of 8.5% in January, after the revised rise of 4.8% in December. “Bank lending improved further as the easing of COVID-19 related restrictions and the continued rollout of the vaccine supported market sentiment and demand. On a seasonally […]

Financial institutions

Canada prohibits all financial institutions from engaging with the Russian Central Bank

As Russia continues to wreak havoc in Ukraine, Western nations have stood firm in imposing the heaviest sanctions against Moscow. Adding to global efforts to condemn Moscow’s aggressive incursion into Kyiv, Canadian Prime Minister Justin Trudeau on Monday banned all Canadian financial institutions from engaging in transactions with the Russian Central Bank. Canada’s aggressive move […]

Personal loans

Oportun 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: […]

Financial institutions

How Financial Institutions Can Overcome Onboarding Barriers to Deliver a Connected Experience

Some banks and insurers are investing billions of dollars to become digital disruptors, and the stakes couldn’t be higher. The 2022 Connectivity Benchmark Report shows that they could lose an average of $7.6 million each due to failed initiatives, which is significantly higher than the average for all industries. This is partly because customer expectations […]

Bank loans

Bank lending to the private sector reaches N35.7 billion

Bank loans to the private sector increase by 16.67% By Jeph Ajobaju, Editor-in-Chief Banks extended N35.73 trillion in loans to the private sector in 2021, an increase of N5.1 trillion or 16.67% year-on-year (YoY), according to the latest data from the Central Bank of Nigeria (CBN). Credit to the private sector increased by N5.6 trillion […]

Financial institutions

HD Compliance COO estimates fewer than 200 financial institutions actively fund the cannabis industry

Becky Postar, COO of HD Compliance Courtesy picture In the world of cannabis business, it’s hard to stray too far from conversations about banking. As long as cannabis remains federally illegal and a Schedule I narcotic in the United States and until federal banking reform is passed, this will continue to be a thorny issue. […]

Financial institutions

Financial institutions need to be more people-centric in the next 25 years: FM Sitharaman

Finance Minister Nirmala Sitharaman on Thursday urged financial institutions like Sidbi to be more people-centric over the next 25 years to put the economy on a higher growth path. The government has referred to the next 25 years leading up to the 100th anniversary of India’s independence as “Amrit Kaal”. “So for the next 25 […]

Financial institutions

Hochul calls for transfer of $150 million in federal funds to financial institutions in underserved areas

In an effort to give small entrepreneurs in underbanked communities better access to capital, New York Governor Kathy Hochul announced Thursday that she plans to ask the federal government to approve a $150 million transfer. to community development financial institutions. Those federal dollars, which she said would represent the largest such investment in the state’s […]

Financial institutions

Nirmala Sitharaman: Financial institutions need to be more people-centric in the next 25 years : FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Thursday urged financial institutions like Sidbi to be more people-centric over the next 25 years to put the economy on a higher growth path. The government has referred to the next 25 years leading up to the 100th anniversary of India’s independence as “Amrit Kaal”. “So for the next 25 […]

Financial institutions

X-Ray Financial Institutions and Wire Frauds in Nigeria

While tech pundits discuss financial institutions, they would be more concerned about the scale and distance traveled by major industry players when it comes to technology-driven measures. While some stakeholders would dispute the “goodness” and remarkable activity of financial institutions, others would relentlessly defend the “inevitable impact” of the sector to the last drop of […]

Bank loans

2022 budget speech: EFF wants ANC to reject World Bank loans, protests ensue

Enoch Godongwana, Minister of Finance, delivered the annual budget address in Cape Town The EFF demonstrated outside the venue of the speech to show their opposition to the World Bank loan that Godongwana recently secured for South Africa. The EFF said Godongwana should focus on direct investment from foreign investors instead of relying on big […]

Bank loans

IMF and World Bank loans will trap South Africa in debt cycle: EFF – SABC News

The Economic Freedom Fighters (EFF) are calling on the government to avoid seeking loans from international financial institutions such as the International Monetary Fund (IMF) and the World Bank. EFF supporters have gathered outside the Cape Town campus of the Cape Peninsula University of Technology, from where they are marching towards Parliament to demonstrate against […]

Financial institutions

Financial institutions must keep up with evolving ransomware activity – Technology

To print this article, all you need to do is be registered or log in to Mondaq.com. The authors of this article discuss an updated Financial Crimes Enforcement Network advisory on ransomware and the use of the financial system to facilitate ransom payments, which highlights the need for financial institutions to be wary of signs […]

Bank loans

Crisil maintains BBB- rating on Bhagwati Autocast bank loans; Stable outlook

Newswires MT 2022 All the news of CRISIL LIMITED Sales 2021 22,435 million 299M 299M Net income 2021 4,368 million 58.2M 58.2M Net debt 2021 – – – PER 2021 ratio 45.2x 2021 performance 1.29% Capitalization 198B 2,636 million 2,636 million capi. / Sales […]

Personal loans

Demand for personal loans on the rise, with BNPL easing

An overall increase in consumer credit for December 2021 – up 4.7% – was driven by personal loans while demand for BNPL eased, according to new data. Global data, analytics and technology firm Equifax revealed consumer credit demand rose 4.7% in the fourth quarter of 2021, compared to the same period a year earlier, but […]

Bank loans

Real Estate Bank Loans – Syria Report

Established in 1966 as a public institution, the Real Estate Bank of Syria finances various types of loans related to the purchase, renovation or restoration of real estate. According to the bank’s 2021 financial statements, published in the Al Watan newspaper, the Real Estate Bank granted loans related to real estate as follows: 1,661 loans […]

Financial institutions

The FSDC calls for constant vigilance on the functioning of financial institutions

The Financial Stability and Development Board (FSDC) met on Tuesday under the chairmanship of Union Finance Minister Nirmala Sitharaman. The Council noted the need for constant vigilance on the financial conditions and functioning of financial institutions in the country. “The Board deliberated on the different mandates of the FSDC and the main macro-financial challenges that […]

Personal loans

Absa takes on small lenders with cheap personal loan offer

Data center Absa takes on small lenders with cheap personal loan offer Tuesday, February 22, 2022 Absa customers at its Nairobi Queensway bank branch on February 10, 2021. PHOTO | DIANA NGILA | NMG By VICTOR JUMAMore from this author Summary An Absa customer taking out a one-year unsecured personal loan of one million shillings […]

Debt finance

Debt financing deal will ‘maximize returns’ from Genex’s Tesla battery project in Queensland, Australia

40 Tesla Megapack units will be used at the Bouldercombe site. Picture: Tesla. Genex Power has received credit approvals on a A$35 million (US$25.26 million) debt financing facility for its 50 MW Bouldercombe Battery Energy Storage (BESS) Project/ 100 MWh in Queensland, Australia. The renewable energy and energy storage developer said in an announcement to […]

Bank loans

Dbeibah says his government will provide land and bank loans to young Libyans

Libyan Prime Minister Abdul Hamid Dbeibah promised to start on Sunday the process of distributing land and bank loans for young people, in addition to medical insurance and salary increases for different groups of people. Speaking at Martyrs’ Square in Tripoli on the 11th anniversary of the February 17 revolution, Dbeibah said his government would […]

Bank loans

Bank lending to the private sector in Nigeria increased by N5.58 trillion in 2021

Nigerian banks raised their lending rate to the private sector in 2021 by 16.6% as the year elapsed Their loans to the private sector increased by 5.58 trillion naira in December 2021, compared to 30.15 naira recorded in the same period last year CBN data shows increase in line with CBN policy to stimulate economy […]

Debt finance

Husk Power Systems Secures $4 Million Debt Financing to Build 140 Microgrids in India

Husk Power Systems, the leader in rural clean energy services in Africa and Asia and operator of the largest fleet of community solar micro-grids in India, has successfully closed a debt financing of INR 310 million (4 .2 million) from the Indian Renewable Energy Development Agency (IREDA) Ltd. The innovation of Husk Nigeria In addition […]

Bank loans

Bank loans to knowledge companies up 127% in 10 months over a year

TEHRAN – Loans disbursed by banks to knowledge-based enterprises in the first ten months of the current Iranian calendar year (March 21, 2021-January 20, 2022) were 127% higher than loans disbursed to such enterprises in the same period during the past year. According to data from the Central Bank of Iran (CBI), Iran’s banking system […]

Bank loans

New hospital in Makati secures 5 billion peso bank loans

Lawrence Agcaoili – The Filipino Star February 18, 2022 | 00:00 MANILA, Philippines – Life Nurture Inc. (LNI) has secured a 5 billion peso loan from a syndicate of banks to complete the state-of-the-art Makati Life Medical Center. The banks consist of the state-run Development Bank of the Philippines, the Land Bank of the Philippines, […]