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Bank loan


“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 …

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 …

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 …

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 …

To help borrowers who are having difficulty repaying their loans, the Reserve Bank of India (RBI) has lent a helping hand in the form of loan restructuring. In 2020, the RBI announced a loan restructuring program. And then in May 2021, due to the second wave of Covid-19, he announced a second resolution framework for …

Ujjivan Small Finance Bank, which is going through a management crisis, said its loan recovery on the ground improved and its portfolio at risk declined in August. The bank said its action plan to improve asset quality has started to bear fruit. The portfolio at risk (PAR) was reduced to 21.7% from 30.8% in June …

Bank Loan Software Market 2020-2025 Global Bank Loan Software Market Report – Production and Consumption Professional Analysis (Impact of COVID-19) is the latest study published by HTF MI assessing market risk analysis, highlighting opportunities and exploited with support to strategic and tactical decision making. The report provides information on market trends and development, growth drivers, …

Concerned members of the House of Representatives protested Wednesday against the exclusion of Rivers State from the list of beneficiary states of projects financed by a new loan from the World Bank. Worried about the development, the House after debate on the motion on “matter of urgent national importance” sponsored by Solomon Bob decided to …