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. […]

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

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 […]

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 […]

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 […]

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 […]

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 […]

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 industry: Bank lending to industry accelerates after 21 months

Bank lending to industries crossed the Rs 29 lakh crore mark for the first time in 21 months and stood at Rs 29.85 lakh crore at the end of December, with improving consumer and business confidence opening the door. path to a sustained economic recovery. Major bankers expect the momentum to continue, with demand picking […]

Bank loans

Tax-exempt loans to governments and non-profit organizations; Bank loans and direct purchases of municipal securities | Orrick, Herrington & Sutcliffe LLP

Commercial banks and other financial institutions (“lender” or “lenders”) have historically provided financing to government entities and non-profit organizations on a tax-exempt basis through loans and direct purchases of securities municipal. The purchase of municipal securities by a lender is generally referred to as a direct purchase or direct placement. Because bank loans to government […]

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 […]

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

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 […]

Personal loans

TD Bank Personal Loan 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

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

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

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

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

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

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

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

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

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

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

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 […]

Debt finance

South Korea is making every effort to reduce household debt: finance minister

SEOUL, Sept. 30 (Yonhap) — Finance Minister Hong Nam-ki said Thursday that the government will strive to limit household debt as much as possible, but also plans to explore ways for people to contract loans within the limit of their ability to repay their debts. Hong made the remarks during a policy coordination meeting with […]

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, […]

Debt finance

S. Korea mulls additional steps to reduce household debt: CFO

SEOUL, Sept. 15 (Yonhap) — Finance Minister Hong Nam-ki said Wednesday that the government will explore additional measures to reduce household debt, including stricter lending rules for non-bank institutions. , if necessary. Hong said the country would seek to minimize the impact of loan regulations on people trying to take out loans to find rental […]

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

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

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

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

When traditional bank loans are insufficient, independent restaurants

The pandemic appears to have accelerated the trend for independent restaurateurs to turn to alternative financing vehicles, whether they’re looking to expand their operations or simply fund their day-to-day operations and supplement their Paycheck Protection Program loans. These non-traditional funding sources have become available in a wide range of forms, from online lenders such as […]