Loan Disbursal
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IMF Approves Disbursal Of $1.1 Billion Loan Tranche To Pakistan: Report
The International Monetary Fund's (IMF) executive board has given the green light for a USD 1.1 billion loan tranche for Pakistan, signaling the conclusion of the second bailout package, ARY News reported.
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Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
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RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
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Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
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Pakistan Secures Final IMF Approval For $700 Million Loan Ahead Of Polls
Pakistan won final approval for the disbursement of about $700 million in aid from the International Monetary Fund, providing a boost to the embattled South Asian economy ahead of elections next month.
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IMF Approves $700 Million Loan For Pakistan: Report
Amid the crippling economic woes in Pakistan, the Executive Board of the International Monetary Fund (IMF) completed its first review of the country's economic reform programme and allowed the immediate disbursement of USD 700 million.
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Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August
Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.
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More Than $200 Billion In Covid Loans Stolen By Fraudsters In US: Report
The inspector general of the Small Business Administration released a report that gives the largest estimate of how much of the $1.2 trillion disbursed was stolen by fraudulent claims.
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New Digital-Lending Platform Is First To Digitise Home Loan Process, Says ICICI Bank
The digital process offers hassle-free onboarding through paperless login, uploading documents, receiving instant sanctions, appraising properties, and disbursement of loans, TCS said.
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Festive High For Paytm: Loan Disbursals Surge To Rs 3,056 Crore In October
Paytm's loan distribution business, in partnership with lenders, saw aggregating to disbursements of Rs 3,056 crore, in the festival month of October.
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Paytm Deployed 1 Million Payment-Based Devices in July-September Quarter: Details
Paytm increased the number of devices it has deployed in the country to 48 lakh in Q2 FY23, the company announced in a recent regulatory filing, an increase of 1 million from the previous quarter. The company's subscription-as-a-service model and the strong adoption of devices have been driving higher payment volumes and subscription revenues while...
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Loan Disbursals By Microfinance Institutions Rise In June Quarter
Loan disbursals by microfinance institutions during the first quarter of 2022-23 increased to Rs 45,830 crore as compared to Rs 25,503 crore in the same period last fiscal, a report by Micro-Finance Institutions Network (MFIN) said.
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Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
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RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
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Pak Army Chief Seeks US Help In Quick Release Of IMF Funds
Pakistan Army chief General Qamar Javed Bajwa has reached out to the US for the early disbursal of the nearly USD 1.2 billion loan from the IMF, the official media reported on Friday.
-
IMF Approves Disbursal Of $1.1 Billion Loan Tranche To Pakistan: Report
The International Monetary Fund's (IMF) executive board has given the green light for a USD 1.1 billion loan tranche for Pakistan, signaling the conclusion of the second bailout package, ARY News reported.
-
Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
-
RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
-
Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
-
Pakistan Secures Final IMF Approval For $700 Million Loan Ahead Of Polls
Pakistan won final approval for the disbursement of about $700 million in aid from the International Monetary Fund, providing a boost to the embattled South Asian economy ahead of elections next month.
-
IMF Approves $700 Million Loan For Pakistan: Report
Amid the crippling economic woes in Pakistan, the Executive Board of the International Monetary Fund (IMF) completed its first review of the country's economic reform programme and allowed the immediate disbursement of USD 700 million.
-
Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August
Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.
-
More Than $200 Billion In Covid Loans Stolen By Fraudsters In US: Report
The inspector general of the Small Business Administration released a report that gives the largest estimate of how much of the $1.2 trillion disbursed was stolen by fraudulent claims.
-
New Digital-Lending Platform Is First To Digitise Home Loan Process, Says ICICI Bank
The digital process offers hassle-free onboarding through paperless login, uploading documents, receiving instant sanctions, appraising properties, and disbursement of loans, TCS said.
-
Festive High For Paytm: Loan Disbursals Surge To Rs 3,056 Crore In October
Paytm's loan distribution business, in partnership with lenders, saw aggregating to disbursements of Rs 3,056 crore, in the festival month of October.
-
Paytm Deployed 1 Million Payment-Based Devices in July-September Quarter: Details
Paytm increased the number of devices it has deployed in the country to 48 lakh in Q2 FY23, the company announced in a recent regulatory filing, an increase of 1 million from the previous quarter. The company's subscription-as-a-service model and the strong adoption of devices have been driving higher payment volumes and subscription revenues while...
-
Loan Disbursals By Microfinance Institutions Rise In June Quarter
Loan disbursals by microfinance institutions during the first quarter of 2022-23 increased to Rs 45,830 crore as compared to Rs 25,503 crore in the same period last fiscal, a report by Micro-Finance Institutions Network (MFIN) said.
-
Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
-
RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
-
Pak Army Chief Seeks US Help In Quick Release Of IMF Funds
Pakistan Army chief General Qamar Javed Bajwa has reached out to the US for the early disbursal of the nearly USD 1.2 billion loan from the IMF, the official media reported on Friday.
