finance

Moody’s warns of downgrading IIFL Finance, Hero Fincorp; changes Muthoot Fin outlook to negative

The agency said the rating on India Infoline Finance's corporate family rating, foreign and local currency debt and its senior secured MTN programme ratings, and also senior unsecured debt rating are placed under review for downgrade. 




finance

‘Bandhan Bank does not foresee much hiccups in microfinance collections once lockdown lifted’

Loans and advances grew 60% year-on-year during 2019-20, from Rs 44,776 crore in March 31, 2019. Its total deposits grew 32% y-o-y to Rs 57,073 crore during the fiscal ended March, 2020. The bank had total deposits of Rs 43,232 crore as at end of March 2019.




finance

Microfinance industry hopes IBA meet to lead to ‘in-principle decision’ on loan moratorium to MFIs

Notably, following RBI's announcement on allowing a moratorium on term loans for March 1 to May 31, most of the MFIs have extended a moratorium to their borrowers till May 31.




finance

Over 90% gold loan customers have not opted for moratorium: VP Nandakumar, MD and CEO, Manappuram Finance

In the gold loan category, which accounts for 87% of our standalone portfolio, more than 90% are servicing their dues.




finance

NABARD Reduces Rates of Refinance by 20bp

NABARD Reduces Rates of Refinance to promote investments in agriculture




finance

RBI grants In-principle Approval to 10 Small Finance Banks

RBI grants In-principle Approval to 10 Small Finance Banks





finance

Finance minister seeks to keep Serbia in FDI spotlight

Serbia’s minister of finance, Siniša Mali, explains why the country is one of Europe's economic stars, and how its FDI levels have risen on the back of this.




finance

AES refinances solar portfolio with help of insurance against underperformance

kWh Analytics, a leader in solar risk management, this week announced the first refinancing supported by the Solar Revenue Put. The portfolio of 41 projects, owned by AES, totaling approximately 28 MW DC of capacity is located in Arizona and Massachusetts. The portfolio is being funded by Silicon Valley Bank and a Japanese financial services company. Swiss Re Corporate Solutions, a leading global corporate insurer, is providing capacity for the Solar Revenue Put.




finance

Republican Texas Bows to California and Backs Energy Finance Plan

Jim Keffer is Republican state lawmaker in Texas with a permit to carry a concealed weapon and doubts about whether human activity is causing global warming.




finance

JSW Energy refinances US$1.1 billion in hydroelectric project debt

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  




finance

JSW Energy refinances US$1.1 billion in hydroelectric project debt

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  




finance

Renewable Energy Review: Finance Mechanisms

Developers, manufacturers, investors and other renewable energy industry stakeholders need updates on the latest and greatest finance mechanisms available today. Since 2003, global consultancy Ernst & Young has released its Country Attractiveness Indices, which ranks global renewable energy markets by analyzing investment strategies and resource availability.




finance

Insight – Austrade and Export Finance Australia help defence companies go global

Government support for Australia’s defence industries is on the increase, as two government agencies extend collaboration.




finance

Republican Texas Bows to California and Backs Energy Finance Plan

Jim Keffer is Republican state lawmaker in Texas with a permit to carry a concealed weapon and doubts about whether human activity is causing global warming.




finance

Spotlight on Public Events: Microfinance as a Tool for Community Development

Spotlight on Public Events: Microfinance as a Tool for Community Development

EWC Changing Faces Women’s Leadership Program participant Kalpana Sankar, CEO of Hand in Hand in Tamil Nadu (India), speaking on microfinance initiatives.

 

Kathleen Stack, Vice President of Freedom from Hunger and a participant in EWC’s 2009 Changing Faces Women’s Leadership Program, speaking on her NGO’s microfinance projects.

 

 




finance

Evans v Cherry Tree Finance – Definition of consumer and early redemption penalties

Cherry Tree Finance sought to appeal against the decision that an early redemption penalty imposed by it was unfair. Mr and Mrs Evans carried out an antique restoration business from a property they owned. The property comprised part business and p...




finance

Special feature - Islamic finance in the credit crunch

In the current climate, whilst many are soul searching about how the financial sector was allowed to get into trouble, Islamic mortgage providers are quietly getting on with their business. The turmoil has had an impact for them but not as devastati...




finance

International Development Experts to Discuss Microfinance For Community Development

International Development Experts to Discuss Microfinance For Community Development
HONOLULU (August 20, 2009) – Many developing nations are now using microfinance as a means to reduce poverty.  On Tuesday, September 1, the East-West Center (EWC) will host a public forum on “Microfinance as a Tool for Community Development” in the EWC Gallery featuring presentations by the following international development experts:




finance

Former Malaysia Finance Minister Tun Daim Zainuddin Re-elected to East-West Center Board of Governors

Former Malaysia Finance Minister Tun Daim Zainuddin Re-elected to East-West Center Board of Governors
FOR IMMEDIATE RELEASE
 
Media Contact:
Derek Ferrar
Media Relations Specialist
Phone: (808) 944-7204
Email: ferrard@EastWestCenter.org
 

HONOLULU (March 19) – The East-West Center’s Board of Governors has re-elected one of its members, the Hon. Tun Daim Zainuddin, to another three-year term. At a meeting on Feb. 29, the board members unanimously elected Daim to his third term on the board, which will extend until March 2011.




finance

The Draft Construction Contracts Bill: what does it mean for the private finance initiative industry?

In July this year, the Department for Business Enterprise & Regulatory Reform put forward the Draft Construction Contracts Bill (the 2008 Bill). A number of important changes have been proposed by the 2008 Bill,  but, most importantly for p...




finance

FCA Feedback Statement FS19/6 – Climate Change and Green Finance: summary of responses and next steps

On 16 October 2019, the FCA published their feedback statement FS19/6 on Climate Change and Green Finance[1]. This feedback statement summarises the responses from stakeholders to the Discussion Paper (DP18/8) on Climate Change and Green Finance[2] ...




finance

Open Finance – Don’t Miss Your Chance to Input

Late last December, the FCA issued a Call for Input (CFI)[1] to explore the opportunities and risks arising from Open Finance. Comments are due by Tuesday 17 March 2020 – don’t miss your chance to ha...




finance

General Finance Corporation (GFN) CEO Jody Miller on Q3 2020 Results - Earnings Call Transcript




finance

General Finance Corporation (GFN) CEO Jody Miller on Q3 2020 Results - Earnings Call Transcript




finance

Alg�rie: R�pression de la Corruption - 15 fonctionnaires des Finances mis � la disposition de l'OCRC

Alger -Le nombre de fonctionnaires...




finance

General Finance Corporation (GFN) CEO Jody Miller on Q3 2020 Results - Earnings Call Transcript




finance

Jordan capable of rebounding economically, says finance minister

(MENAFN - Jordan News Agency) Amman, May 9 (Petra) - The Minister of Finance, Dr. Mohammed Ississ, said the only way out to address the consequences o... ......




finance

Coronavirus – Finance overview of governmental economic support for industry - UK

Please note that this is a developing situation and we will update this note on a regular basis when further information is available. Across the budget on 11 March 2020 and the subsequent COVID-19 briefing meetings the Chancellor of the Exchequer h...




finance

Coronavirus - FCA issues draft temporary guidance for firms on motor finance agreements and coronavirus – UK

  On Friday 17 April 2020, the FCA issued a draft guidance for consultation on temporary forbearance measures to assist motor finance customers facing financial difficulty because of COVID-19. The consultation will close at 5 pm on Monday 20 Ap...




finance

Covid-19 represents crisis for microfinance in low-income communities

ISLAMABAD: The COVID-19 pandemic has created immediate challenges for institutions that serve affected communities, a study says.It was prepared by six academics associated with prestigious...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]




finance

COVID-19 represents crisis for microfinance in low-income communities

ISLAMABAD: The COVID-19 pandemic has created immediate challenges for institutions that serve affected communities, a study says.It was prepared by six academics associated with prestigious...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]




finance

COVID-19 represents crisis for microfinance in low-income communities

ISLAMABAD: The COVID-19 pandemic has created immediate challenges for institutions that serve affected communities, a study says.It was prepared by six academics associated with prestigious...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]




finance

SBP's Refinance Scheme for Small Businesses fails to take off

ISLAMABAD: The State Bank of Pakistan’s Refinance Scheme for Small Businesses has so far failed to take off due to multiple reasons as the commercial banks are not designed and fully equipped to provide credit line to Small and Medium Enterprises .“The SBP’s Refinance Scheme for...




finance

SBP's Refinance Scheme for Small Businesses fails to take off

ISLAMABAD: The State Bank of Pakistan’s Refinance Scheme for Small Businesses has so far failed to take off due to multiple reasons as the commercial banks are not designed and fully equipped to provide credit line to Small and Medium Enterprises .“The SBP’s Refinance Scheme for...




finance

State Bank's Refinance Scheme for small businesses fails to take off

ISLAMABAD: The State Bank of Pakistan’s Refinance Scheme for Small Businesses has so far failed to take off due to multiple reasons as the commercial banks are not designed and fully equipped to provide credit line to Small and Medium Enterprises .“The SBP’s RefinanceScheme for...




finance

More than just money: Digital technologies can help narrow the trade finance gap -- by Kijin Kim

Digital or financial technology – including mobile internet access, blockchain, artificial intelligence, and big data – can make international trade more efficient and support financing options.




finance

The surprising link between trade finance and gender equality -- by Steven Beck

To level the playing field in Asia and the Pacific, women-owned companies need financial backing to support their importing and exporting needs.




finance

Microfinance can be a powerful force in disaster recovery -- by Mayumi Ozaki

The cost of disasters far outweighs the resources available for recovery. Microfinance could be one way to fill the funding gap.  




finance

ADB President, Bhutan Finance Minister Discuss COVID-19 Response

ADB President Masatsugu Asakawa and Bhutan Finance Minister and ADB Governor Namgay Tshering today discussed ADB’s support to the country in its fight against the novel coronavirus disease (COVID-19) pandemic.




finance

ADB President, Bangladesh Finance Minister Discuss Support for COVID-19 Response

ADB President Masatsugu Asakawa and Bangladesh Finance Minister and ADB Governor A H M Mustafa Kamal today discussed ADB’s support to Bangladesh in its fight against the novel coronavirus disease (COVID-19) pandemic.




finance

ADB President, Nepal Finance Minister Discuss Support for COVID-19 Response

ADB President Masatsugu Asakawa and Nepal Finance Minister and ADB Governor Yuba Raj Khatiwada today discussed ADB’s support to Nepal in its fight against the novel coronavirus disease (COVID-19) pandemic.




finance

ADB’s Trade Finance Program Supports Medical Supplies to Combat Pandemic in Sri Lanka

The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part of the country’s response to the novel ....




finance

ADB President, Bhutan Finance Minister Discuss COVID-19 Response

ADB President Masatsugu Asakawa and Bhutan Finance Minister and ADB Governor Namgay Tshering today discussed ADB’s support to the country in its fight against the novel coronavirus disease (COVID-19) pandemic.




finance

ASEAN Catalytic Green Finance Facility: Operations Plan 2019–2021

This document outlines the operations strategy and plan for the ASEAN Catalytic Green Finance Facility pilot phase (2019–2021).




finance

ASEAN Catalytic Green Finance Facility: Investment Principles and Eligibility Criteria

This document outlines the investment principles and eligibility criteria that will guide the selection of projects to be supported by the ASEAN Catalytic Green Finance Facility (ACGF).




finance

Exploring Community-Based Financing Schemes to Finance Social Protection

Social protection, especially health care systems for the poor, is essential to reduce inequality.




finance

Samsung Hops on the Finance Train, Announces New Debit Card

Big Tech is coming for your transaction data.




finance

U.S. post office loss doubles as it warns COVID-19 will hit its finances

The U.S. Postal Service on Friday said its losses more than doubled to $4.5 billion in the quarter ending in March and warned the economic slowdown spurred by the spread of COVID-19 could severely hurt its finances over the next 18 months.




finance

U.S. post office loss doubles as it warns COVID-19 will hit its finances

The U.S. Postal Service on Friday said its losses more than doubled to $4.5 billion in the quarter ending in March and warned the economic slowdown spurred by the spread of COVID-19 could severely hurt its finances over the next 18 months.