The prerequisites for a bank loan
Entrepreneurs, especially women in Bangladesh, face various business challenges, including lack of access to credit, entrepreneurial experience, marketing opportunities, skills required and non-cooperation of wholesalers and others. obstacles in the supply chain ecosystem. According to experts, access to credit is one of the biggest obstacles for women entrepreneurs, but different studies have shown that women …
Bank loan fraud has been mutually beneficial for Avantha and Yes Bank: ED in court
The Directorate of Enforcement (ED) alleged that the alleged fraud on bank loans involving Gautam Thapar was mutually beneficial for the Avantha group, promoted by the businessman, and Yes Bank. In its response opposing Thapar’s bail application, the federal agency told a local court on Friday that the proceeds of crime of Rs 131 crore …
World Bank $ 40 million loan for state health sector
SHILLONG, October 1: The World Bank’s Board of Directors approved a $ 40 million project to improve the quality of health services in Meghalaya and strengthen the state’s capacity to manage future health emergencies , including the COVID-19 pandemic.The loan which will be sanctioned by the International Bank for Reconstruction and Development (IBRD) has a …
ED seizes assets of spice trading company in J&K Bank loan fraud case
Added the 1 october 2021 Press Trust of India New Delhi: Enforcement Branch (ED) seized assets worth over Rs 145 crore of a Bengaluru-based spice company in money laundering investigation linked to suspected fraud on loans to J&K Bank. The agency said in a statement on Wednesday that a factory building, shops, apartments and land …
J&K Bank loan fraud: ED seizes assets of spice trading company: The Tribune India
New Delhi, September 30 The Directorate of Enforcement (ED) today announced that it has issued a provisional seizure order under the Prevention of Money Laundering Act to seize assets worth Rs 145.26 crore owned by SA Rawther Spices Pvt Ltd and others in the J&K Bank loan fraud case. ED officials said the attached assets …
‘J&K Bank Loan Fraud Case’ | ED attaches Rs 145 cr assets of the spice company
“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 …
ED seizes assets of Spices Trading Co in J&K Bank loan fraud case
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 informal sector housing loans is back
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 …
Enforcement Branch Seizes Assets of Spice Trading Company in J&K Bank Loan Fraud Case
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 pilots digital loan service for garment workers
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 …