China April loans fall more than expected as central bank begins scaling back stimulus Toggle share menu
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China April loans fall more than expected as central bank begins scaling back stimulus China s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy.
FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon
Ex-Indian group leader ordered to pay Shs146m or go to prison
Wednesday May 12 2021
2016 is the year in which businessman Rajni Tailor entered into a loan agreement with Prime Finance Company for a personal loan of $20,000 (about Shs70.6m).
Summary
Presiding judge Susan Abinyo on Monday observed that she was not convinced by Mr Tailor’s explanation that he had fully paid back his loan of $20,000 (Shs70.6m) to Prime Finance Company that he had obtained more than five years ago.
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The businessman faces a six-months jail sentence should he fail to pay the loan.
Presiding judge Susan Abinyo on Monday observed that she was not convinced by Mr Tailor’s explanation that he had fully paid back his loan of $20,000 (Shs70.6m) to Prime Finance Company that he had obtained more than five years ago.
May 12, 2021
The Ooty-based firm said it will align with financial technology non-banking financial companies to bring in organised credit for marginalised farmers - Kritchanut
The Ooty-based firm said it will align with financial technology non-banking financial companies to bring in organised credit for marginalised farmers - Kritchanut×
Farmers struggling to harvest their crop due to shortage of farm labour, said the LEAF founder and CEO, Palat Vijayaraghavan
Lawrencedale Agro Processing India (LEAF), an integrated agriculture services major, has said it would bring in Rs 500 crore worth of organised cost-effective credit to marginalised tribal farmers to overcome the Covid-19 crisis.
The Ooty-based firm said it is aligning with financial technology non-banking financial companies (NBFC) to bring in organised credit for marginalised farmers.
Bridging Finance kept investors in the dark about an emergency cash infusion and was given legal advice that the transaction did not require their consent