Cambodia Seeks More Loans From Beijing Amid Fears of ‘Debt Trap’ 

Phnom Penh —  Cambodian Prime Minister Hun Sen is expected to visit Beijing next week looking to borrow more than $4 billion for a high-speed railway line that will connect Cambodia’s capital with the economic hub on the Thai border. The deal would be the latest symbol of the “ironclad” friendship between the two countries … Read more

Interest-free loans to states may continue in capex drive

Finance minister Nirmala Sitharaman. (PTI)

New Delhi: The government is likely to double down on its capital spending by proposing even higher allocations to build ports, roads and other infrastructure in the Union budget to be presented by finance minister Nirmala Sitharaman in Parliament today. The budget may also extend the ₹1 trillion interest-free loans extended to states to push … Read more

Bed Bath & Beyond defaults on loans, inching closer to bankruptcy

Bed Bath & Beyond warns of potential bankruptcy Bed Bath & Beyond warns of potential bankruptcy 00:19 Bed Bath & Beyond defaulted on its loans and doesn’t have enough money to repay what it owes, the retailer said Thursday. The home goods chain disclosed the default in a securities filing which said it was considering … Read more

B.C. rally takes aim at ‘criminal’ high-interest payday loans

A B.C. community group took to the streets on Tuesday, calling on the federal government to crack down on what they say are “predatory” lending companies charging astronomical interest rates. Members of the group Acorn Canada demonstrated in front of a Easy Financial branch in Surrey before taking their message to MP Randeep Sarai’s office. … Read more

Centre disburses loans amounting to ₹4,606.36 crore to 45.32 lakh beneficiaries under PM SVANidhi scheme: Puri

Union Minister Hardeep Singh Puri said the centre has dispursed 45.32 lakh loans amounting to  ₹4,606.36 crore under PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi Scheme)  (MINT)

The Centre has disbursed 45.32 lakh loans amounting to ₹4,606.36 crore under PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi Scheme) in the last two years, said Union Minister Hardeep Singh Puri on Friday. Speaking about the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) in an event today, the minister said that the scheme … Read more

Majority of Paycheck Protection Program loans have been forgiven, SBA data shows : NPR

An NPR analysis of data released Jan. 8 by the Small Business Administration shows the vast majority of Paycheck Protection Program loans has been forgiven, despite rampant fraud in the program. Getty Images/Mark Harris for NPR hide caption toggle caption Getty Images/Mark Harris for NPR An NPR analysis of data released Jan. 8 by the … Read more

Student-athlete pays off sister’s student loans

Student-athlete pays off sister’s student loans – CBS News Watch CBS News A student-athlete attending Indiana University gifted his sister the ultimate Christmas present. Anthony Leal, a 21-year-old basketball player, paid off his sister’s student loans. Jericka Duncan has the story. Be the first to know Get browser notifications for breaking news, live events, and … Read more

Rise in retail loans — what could go wrong?

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New Delhi: Tucked away in the Reserve Bank of India’s latest banking status report released last week is a cautionary note for the ever-expanding trend of retail loans. In recent years, the report says, Indian banks appear to have displayed “herding behaviour” in diverting loans away from industry towards retail. Such a buildup of concentration … Read more

Banking stock jumps 7% on transfer of bad loans. Buy, sell or hold?

Stock market today: The bank has received a binding bid from an ARC, amounting to Rs.135.10 Crores, on Security Receipt consideration basis. (MINT)

Stock market today: Shares of Suryoday Small Finance Bank has risen after the newsbreak of transfer of bad loans including written off loans to Asset Reconstruction Company (ARC). Suryoday Small Finance Bank share price today opened upside and went on to climb to its intraday high of ₹107.45 on NSE, logging around 7.50 per cent … Read more