November 2021

Loans in the amount of Rs 2.82 crore lakh were sanctioned on November 12 this year under the unsecured loan program for micro, small and medium enterprises (MSMEs), Parliament informed on…

It is now an open secret that some banks are looking for ways to cover their backs to save their loan books. Some of the lenders found that they were lending money to clients whose collateral was either land or buildings that were…

NEW DELHI: Loans in the amount of Rs 2.82 crore lakh were sanctioned on November 12 this year under the program of unsecured loans for micro, small and medium enterprises (MSME), informed the Parliament Monday. The government has…

BELCO declared to have "started to work on an asset retirement project to dispose of decommissioned assets which include production engines and buildings.A spokesperson said: “The ARP planning process began in 2014 and will see the…

Someone recently told me that there is an Italian bank that takes giant Parmigiano Reggiano wheels as collateral for business loans. I thought they were joking. What is the punch line I requested; but there was none. Credito-Emiliano has…

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Based in Bangalore Kinara capital threw maKinara mobile application to provide unsecured loans to MSMEs within 24 hours. The application comes with a simple three-step process - a first of its kind in the unsecured MSME business lending…

BANGALORE: Kinara Capital launched the myKinara mobile app which includes a 3-step process for MSME unsecured commercial lending space. The app enables small business entrepreneurs to securely apply for and receive digitally unsecured…

It can be hard to imagine living on less than $6 a day, but that is the reality for 85% of the population in Saharan Africa. In addition to the economic hardship this creates, people in this category are extremely underserved by financial…

The US military is facing allegations that it covered up instances of civilian casualties in the US-led coalition's war against Islamic State (IS). It's a question that has drawn attention to one of the most disturbing aspects of…

Neither the author, Kingsley Alo, nor this website, The Tokenist, provide financial advice. Please review our website policy before making any financial decisions. A coalition of American banking regulators published a joint statement…

Market regulator Sebi on Tuesday extended the deadline until February 28 to comply with certain frameworks related to segregation and monitoring of guarantees at the customer level. Previously, the deadline was December 1. The Securities…

Most SMEs have significant cash tied up in assets, such as inventory, machinery, equipment, real estate, or financial assets. Using these assets in a simple and flexible way for loans could unlock huge amounts of cash and alternative…

According to the latest development, decentralized finance (DeFi) platform Parrot has announced that it will use Chainlink Price Feeds to liquidate loans and estimate collateral requirements for lending money. This particular…

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Sundaram Asset Management Company Ltd announced on Friday that it has received approval from the Securities and Exchange Board of India (Sebi) to purchase the asset management business of Principal Asset Management Pvt…

Ginnie Mae widened her digital capabilities modified mortgages originally processed using more manual methods.The government agency, a branch of the Ministry of Housing and Urban Development, began allowing the use of electronic signatures…

The United States Court of Appeals for the Eleventh Circuit recently ruled that a debtor's appeal from a sell order is legally invoked by subsection 363 (m) of the Bankruptcy Code. In that decision, the Eleventh Circuit held that: ... and…

TSLS. The Tertiary Scholarships and Loans Service states that the requirements for loan repayment are that students do not begin repaying until they have obtained formal full-time employment. They say that in cases where students are…

HOUSTON, November 15, 2021 (GLOBE NEWSWIRE) - Equus Total Return, Inc. (NYSE: EQS) (“Equus” or the “Company”) reports net assets as at September 30, 2021 of $ 36.2 million, an increase of approximately $ 1.5 million since June 30, 2021.…

KATMANDU, November 13: Nepal Rastra Bank (NRB) has opened on-site investigations into the land scam in which Kumari Bank was accused of granting loans against the forged land certificate. Kumari Bank has been accused of granting loans of…

The Reserve Bank of India (RBI) on Friday issued a series of clarifications to its existing asset classification guidelines and said banks must specify exact due dates for repayment in loan agreements.…

Since the opening of the economy, we have been aiming for a good contribution from all our businesses and September and October have been good months for us. We even hope to see growth doubling in November. By Piyush Shukla Ujjivan Small…

Pursuing a particular target price is only worthwhile if you have expertise in that asset and have a finger on the dynamics of the market. By Joydeep Sen Some bases don't change, even with changing times. The basis or rationale for…

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NEW YORK, November 10, 2021 / PRNewswire / - Octane (Octane Lending Inc.), the fintech that is revolutionizing the shopping experience for large recreational purchases, today announced the closure of a $ 340 million securitization…

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NEW YORK, November 10, 2021 / PRNewswire / - Octane (Octane Lending Inc.), the fintech that is…

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QCOSTARICA - Ahead of Semana Santa (Easter) 2020, the pandemic forced Diego's family to abruptly close two restaurants, a parking lot and a sports academy due to the health order for the whole country. The economic crisis began and as…

The government is working on a plan to reschedule the repayment of cheap government loans issued during the closures, known as the deposit to be returned, to ease the pressure on mainly small and medium-sized businesses that are unable to…

Allegiance Bancshares and CBTX have agreed on a merger of equals that the two Houston banks said would create the largest lender based in the nation's fourth most populous market.The all-stock deal, expected to be reached in the second…

Posted November 6, 2021 The Central Bank of Nigeria has said that farmers who fail to repay loans collected under its Anchors borrower program will be denied access to a new facility and have their pledged collateral foreclosed. The…

Two Wisconsin credit unions are merging.The $457 million Heritage Credit Union in Deforest has agreed to merge with the $3.7 billion Connexus Credit Union in Wausau pending approval from Heritage Credit Union members.The credit unions will…

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Investors are currently being asked to digest nearly $ 5 billion worth of auto-linked asset-backed securities (ABS) from five issuers with a variety of strengths and weaknesses to ponder.Most floating rate loan securitizations continued to…

Coinbase users can now borrow up to $ 1 million in cash using their Bitcoin as collateral, this information has been revealed via the official Twitter account of the crypto exchange.Coinbase users can borrow up to $ 1 million in cashWith…

KARACHI: Eight banks will offer unsecured loans to small and medium enterprises under the SME Assan Finance program to help improve access to finance for small and medium enterprises. "Out of 20 banks that competed to participate in…

KARACHI: Some eight banks have been selected for the Unsecured Small and Medium Enterprises (SME) Loan Program, first launched by the State Bank of Pakistan (SBP), to facilitate the Small and Medium Sized Sector Businesses (SMEs) to obtain…

LAS VEGAS, November 03, 2021 (GLOBE NEWSWIRE) - Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or…

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A loan was issued for $ 1.4 million using the NFTfi crypto platform. The terms of the agreement are 30 days at 9.69% APR. And the guarantee? Well, it's an NFT. As The Block recently reported, NFTs are starting to be used as collateral…

LAS VEGAS, November 03, 2021 (GLOBE NEWSWIRE) - Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its fourth term securitization in 2021. The transaction is CPS 41st senior subordinated…

(Web Desk) - There is a bank that doesn't want your house, car, or anything else as collateral. What does he want instead? Cheese! Yes, it's true. There is a bank that accepts cheese wheels as collateral and…

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