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“In the FIR it was alleged that SA Rawther Spices Pvt Ltd was in default of payment and was declared NPA (non-performing asset) in September 2017. A net amount of Rs 285.81 crore was unpaid with the company in plus unapplied interest of Rs 66.91 crore against mortgaged collateral property of Rs 171 crore, ”the …

New Delhi- Enforcement Directorate (ED) seized assets worth over Rs 145 crore of a Bengaluru-based spice company in money laundering investigation linked to alleged loan fraud at J&K Bank. The agency said in a statement on Wednesday that a factory building, shops, apartments and land of the company, SA Rawther Spices Pvt Ltd, and others …

Demand for housing loans from the informal low-income group of the self-employed has returned to pre-Covid levels as economic activity resumed after the second wave, according to a housing finance company that does not provide loans to the housing than these areas. Agrim Housing Finance Company (Agrim HFC) and Religare Housing Development Finance Corporation Limited …

The agency said that a factory building, shops, apartments and land of the company, SA Rawther Spices Private Limited and others were tentatively attached to the PMLA. The Directorate of Enforcement (ED) seized assets worth more than 145 crore of a Bengaluru-based spice company in a money laundering investigation linked to alleged fraud on loans …

Prime Bank has introduced a digital loan disbursement system for garment workers and the move is the first of its kind in Bangladesh’s banking sector, according to a press release. The pilot service was launched in collaboration with Swisscontact and British Fin-tech AGAM International in early September 2021 for selected factories only. Upon successful completion …

A businesswoman acquired her third nursery in Greater Manchester following a refinancing program from Unity Trust Bank. Danielle Hignett has added Hazel Wood Montessori Nursery in Stockport to her portfolio, alongside Holly Tree Montessori Nursery in Edgeley, Stockport and Pear Tree Montessori Nursery in Sale. The Cheshire mother-of-two has invested and grown her businesses since …

The Rivers State government is on the verge of securing a 25 billion naira loan from Zenith Bank for project execution, repayable in 18 months with internally generated revenue from the state. The loan approval was given at the Rivers State Executive Council meeting chaired by Governor Nyesom Ezenwo Wike at Government House in Port …

Latest industrial growth study of global loan services market 2021-2027. A detailed study accumulated to offer the latest insights into the acute characteristics of the Loan Services Market. The report contains various market forecasts related to revenue size, production, CAGR, consumption, gross margin, price, and other important factors. While emphasizing on the major driving and …

The Economic Freedom Fighters (EFF) will run their election campaign on credit, hoping to be able to repay the debt at a later stage. This is what party leader Julius Malema revealed on Monday when he unveiled his billboard at OR Tambo airport a day after the launch of his electoral manifesto and new headquarters …

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. January 4, 2021 marks 15 years since he became ruler of Dubai. Image Credit: WAM / Gulf News Archive Dubai: The total value of residential loans to be granted to Emirati citizens in …