[ad_1] ISLAM SIDDIQUE | Posted: Aug 20, 2021 8:07:01 AM | Update: Aug 20, 2021 9:51:11 AM Classified loans in the banking sector have exploded in the first half (S1) of the current calendar year despite the central bank’s political advantages to stem the rot. The volume of non-performing loans (NPL) increased by nearly 12% … Continue reading “Banks see increase in NPLs despite policy backing”

[ad_1] Delayed loans in Bangladesh jumped in the first half of 2021 as borrowers struggle to repay due to the business slowdown caused by the coronavirus pandemic. Non-performing loans (NPLs) stood at Tk99,205 crore in June, up 11.80 percent from six months earlier and 3.21 percent year-on-year, according to data from the Bank of the … Continue reading “Defaulted loans increase by almost 1 lakh crore Tk”

[ad_1] ATLANTA – A new analysis found that more than 15% of Paycheck Protection Program loans – valued at around $ 76 billion – may have been obtained fraudulently, with most of the loans made by online lenders. So far, few of these “bad” loans appear to have been detected by authorities or paid off, … Continue reading “PPP fintech loans are at higher risk of fraud, study finds”

[ad_1] Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. Personal loans allow you to start … Continue reading “Personal loans for small businesses: what you need to know”

[ad_1] David and Natasha Sharpe of Bridging Finance at the company’s offices in downtown Toronto in 2019. The Ontario Securities Commission alleged that Bridging was “grossly at fault” in connection with several loans. Fred Lum / The Globe and Mail Many loans made by Bridging Finance Inc. over the past four years have struggled to … Continue reading “Bridging Finance did not take into account bad debts, potentially increasing its management fees: receiver”

[ad_1] Banks in Karnataka reported a 26% increase in non-productive assets (NPAs) in priority sectors, including agriculture, a consequence of the economic distress caused by the Covid-19 pandemic and the situation of drought and d flooding in the state. Loans worth Rs 7,375 crore have been added to the NPA category as the fiscal year … Continue reading “Bad debts of Karnataka banks up by Rs 7,000 crore”

[ad_1] ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ATLANTA – A new analysis has found that more than $ 76 billion in Paycheck Protection Program loans may have been obtained fraudulently, with many loans granted by online lenders. So far, few … Continue reading “Fintech PPP Loans Have Higher Risk of Fraud, Study Finds ”Albuquerque Journal”