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Mumbai: 'The Bank' gastropub will offer drinks on loan


A 3D rendering of what The Bank will look like when complete

This is a scenario that's all too familiar to most millennials: it's the end of the month, and a colleague's farewell party comes up. The next morning, you realise you don't have enough money to last you till your next pay cheque. Turns out, two budding entrepreneurs from the city have a solution - a pub called The Bank.


Harsh Mav and Shaunak Mukherjee

"The concept is born out of the understanding of what being broke towards the end of the month feels like," begins Harsh Mav, who, along with childhood friend Shaunak Mukherjee, is launching a space where you can drink on a loan and repay it in EMIs, among other things. And they've just started a crowdfunding campaign so you can help turn their dream into reality.


Ajit Dhumal at BBC's first outlet in Goregaon. Pic/Sneha Kharabe

Jumping through hoops
"We have been frequenting different pubs in the city for a while, and we realised that most places serve alcohol at prices that are unaffordable to people like us. So, we started thinking of new ways in which bars could make money while keeping it affordable for customers. That's when we thought, 'Why not do this ourselves?'" says Mav.

Right off the bat, they faced a series of hurdles. They were turned down by banks for a loan, and investors weren't keen on the project due to the duo's lack of experience in the industry. Mav finally mortgaged his family home for R90 lakh, while Mukherjee managed to acquire a loan of Rs 43 lakh. They even found a space in Lower Parel's bustling Mathuradas Mills. That's when things took a turn for the worse.

"We had put down the deposit, paid three months' rent, and started work on the interiors. Then, suddenly, the BMC put a halt to everything, claiming there was a stay order on the property, a detail the landlord had failed to mention," says Mav.

Furthermore, the landlord refused to return their money, which meant they were back to where they had started - with nothing. "We're going to take legal action to recover the money, but for now, we want to get the project going. That's why we opted for crowdfunding," says Mav.

Moving forward
Needless to say, not all the funds will come from the Ketto campaign. Opening an eatery in the city requires a far larger sum than the Rs 10 lakh the duo is trying to raise. "Right now, we have most of what we need to get the pub going - food and beverage suppliers, staff, and brand tie-ups. We're looking to gather funds for the interiors," says Mav.

What do you get if you contribute to the campaign? Plenty of rewards, it appears, ranging from free drinks to getting double the return on your investment. The search is now on for a new space, and the campaign has already started catching the attention of interested investors, who, Mav and Mukherjee hope, will look beyond their inexperience and give them a fair chance.

Log on to: ketto.org/fundraiser/thebank





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COVID-19: Tennis star Sloane Stephen's hiking to raise funds for kids

American tennis player Sloane Stephens has started a fundraiser for students and teachers in Haiti in association with her fiance Jozy Altidore's JA Foundation. "Can you imagine climbing 200 flights of stairs every day simply to access clean water, and education, and healthcare? The children and families in Marre-a-Coiffe, Haiti do just that. I'm taking the Hike for Haiti Challenge to raise awareness and funds to help provide students and teachers in Haiti vital support.


Jozy Altidore

From April 17 to May 17, we'll be hiking 200 flights of stairs in solidarity," Sloanne, 27, says on her fundraising page. Meanwhile, Jozy remarks: "In these times of adversity and social distancing, it's so important to find ways to virtually stay connected to others in our community, and to stay healthy and active at home. The JA Foundation will be matching funds donated to my team page up to $2,500, so your contribution will have double the impact."

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Pakistan gets USD 1.39 billion loan from IMF

Islamabad: Pakistan has received an emergency loan of $1.39 billion from the International Monetary Fund (IMF) to boost its foreign exchange reserves in the wake of the further economic downturn due to the Coronavirus crisis. The $1.39 billion loan is in addition to the $6 billion bailout package that Pakistan has signed with the in July last year to stave off a balance of payment crisis.

Pakistan in March had requested the IMF for a low-cost, fast-disbursing loan under its Rapid Financing Instrument to deal with the adverse economic impact of COVID-19. Pakistan on Thursday reported 742 new cases and 15 more deaths in the last 24 hours, taking the infection tally to 10,513 with 224 deaths in the country.

Globally, more than 2.6 million people are infected and at least 1,83,000 killed by the deadly COVID-19. 

Govt gives in to imams' demand

Pakistan government has given in to the demands of the imams who demanded that mosques be exempted from the COVID-19 lockdown during Ramzan, New York Times reported on Thursday. It said the govt had on Saturday signed a deal allowing mosques to remain open if people follow 20 rules, including maintaining a six-foot distance while praying.

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Rs 411 crore loan defaulters flee country, SBI complains to CBI after 4 years

The CBI had recently booked Ram Dev International and its directors Naresh Kumar, Suresh Kumar and Sangita, for defrauding Rs 414 crore




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Coronavirus lockdown: Cash crunch? Don't sell your mutual funds, take a loan against it!

When you approach a lender for loan against mutual fund, it fixes a loan-to-value (LTV) ratio against it. It varies from one lender to another as per risk involved in the MF scheme and regulatory caps fixed by the RBI




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Tax-News.com: HMRC Releases Final Guidance On Loan Charge Review

The UK tax agency HM Revenue and Customs has released guidance for taxpayers affected by the Loan Charge.




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Chartered Accountant- Ludhiana (CA, 5-10 yrs PQ Exp,Fund flow,Bank Loans,WC,Taxation,Finance)

Company: P & I Management Consultants
Qualification: Chartered Accountancy (C.A)
Experience: 5 to 10
location: Ludhiana
Ref: 20200595
Summary: CA with 8 yrs PQ experience in Finance, Bank Loans,Budgeting,fund flow,WC management. Liaison with banks/Govt. bodies/Financial Institutions to raise fund and get approvals and....




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GOLD LOAN- Good option for fast cash

Let’s be practical that how much fast we can avail the gold finance? 




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Car Loan- a step ahead in life

Borrowers always seek to buy a new car. There is a high demand in the market. Private companies venture’s out various schemes which could help an ordinary salaried person.




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Looking for the best interest rate in car loan?

In India,  We have 30 car manufactures offering different cars in the market for the sale. With more than 44 banks offering the Car Loan, it makes a great place...




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Need Immediate Cash? Get V5 Loan

The need for money can come anytime. There could be a medical or business emergency, piled up bills or simply something, you have wanted to do which needs some extra cash. The question is how to arrange funds immediately. Logbook loans...




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Applying for Education Loan???? Read This

Today, education has become very expensive. Many people find it difficult to  manage the education expenses with the funds they possess. Therefore, the only solution to this problem is...




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Personal Loan for Salaried: A small guide to go through

In this modern age, the standard of living of the people is very high. As a result, the needs to look better from others are increasing at a very high rate. On the contrary, note, monthly earnings...




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Personal Loan: A financial boon for all of the needy people

Personal Loan as its name suggests is a loan that is specially structured to mitigate different personal needs and desires at once. It is loan unsecured in nature availed by consumer without pledging any collateral to the bank. It is a...




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Use of EMI Calculator to Evaluate Personal Loan

Money plays an important role in our lives. We have a lot of dreams, but short of funds that are needed to keep them alive.  So we have to focus our goals and choose which one is best to you. It is difficult to save the entire...




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Avail Loans By Improving Credit Rating

In order to ensure that you have right to adequate loan at best rates, make sure that you have good credit rating. You past record of payment will effect on your future...




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Promoters of Ram Dev International flee India, SBI files complaint against 411-cr bank loan fraud

The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said.




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China New Yuan Loans

Banks Balance Sheet in China increased to 2850 CNY Billion in March from 905.70 CNY Billion in February of 2020. Banks Balance Sheet in China averaged 749.47 CNY Billion from 2004 until 2020, reaching an all time high of 3340 CNY Billion in January of 2020 and a record low of -32.10 CNY Billion in July of 2005. In China, new yuan loans refer to financial institutions Renminbi credit funds balance sheet. They represent more than four-fifths of all loans. This page provides - China New Yuan Loans - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Student loans, indebtedness, and financial literacy in the United States

Annamaria Lusardi is the Denit Trust Chair of Economics and Accountancy at the George Washington University School of Business. Following the release of new data focused on Americans’ financial capability, she draws attention to some of the findings in the study, focusing on three areas of great importance to the personal finances of Americans: student loans, indebtedness, and financial literacy.




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Solving Non-Performing Loans in Europe to speed up the recovery

Almost 10 years after the outset of the financial crisis in summer 2008, European growth remains modest, constantly underperforming the OECD average.




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Regulatory framework for the loan-based crowdfunding platforms

In a growing number of OECD countries policymakers are designing specific regulations for lending-based crowdfunding platforms.




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Benin Loans To Private Sector

Loans To Private Sector in Benin increased to 1111255 XOF Million in September from 1099183 XOF Million in August of 2016. Loans To Private Sector in Benin averaged 739527.06 XOF Million from 2005 until 2016, reaching an all time high of 1116234 XOF Million in June of 2014 and a record low of 321652 XOF Million in September of 2005. This page provides the latest reported value for - Benin Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Burkina Faso Loans To Private Sector

Loans To Private Sector in Burkina Faso decreased to 1917374 XOF Million in August from 1917643 XOF Million in July of 2016. Loans To Private Sector in Burkina Faso averaged 970861.46 XOF Million from 2005 until 2016, reaching an all time high of 1928646 XOF Million in June of 2016 and a record low of 427356 XOF Million in June of 2005. This page provides the latest reported value for - Burkina Faso Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Cameroon Loans To Private Sector

Loans To Private Sector in Cameroon increased to 2354.80 XOF Billion in July from 2340.50 XOF Billion in June of 2014. Loans To Private Sector in Cameroon averaged 1492.13 XOF Billion from 2005 until 2014, reaching an all time high of 2354.80 XOF Billion in July of 2014 and a record low of 900.30 XOF Billion in January of 2005. Loans To Private Sector in Cameroon is reported by the Bank of Central African States. This page provides - Cameroon Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Central African Republic Loans To Private Sector

Loans To Private Sector in Central African Republic increased to 120.10 XOF Billion in July from 112.50 XOF Billion in June of 2014. Loans To Private Sector in Central African Republic averaged 84.86 XOF Billion from 2005 until 2014, reaching an all time high of 142.20 XOF Billion in January of 2013 and a record low of 49.30 XOF Billion in May of 2005. Loans To Private Sector in Central African Republic is reported by the Central Bank of West African States (BCEAO). This page provides - Central African Republic Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Comoros Loans To Private Sector

Loans To Private Sector in Comoros increased to 72813 KMF Million in October from 72765 KMF Million in September of 2016. Loans To Private Sector in Comoros averaged 31146.75 KMF Million from 2001 until 2016, reaching an all time high of 72813 KMF Million in October of 2016 and a record low of 7640.50 KMF Million in February of 2002. . This page provides the latest reported value for - Comoros Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Equatorial Guinea Loans To Private Sector

Loans To Private Sector in Equatorial Guinea increased to 1019.30 XOF Billion in July from 983.20 XOF Billion in June of 2014. Loans To Private Sector in Equatorial Guinea averaged 453.25 XOF Billion from 2005 until 2014, reaching an all time high of 1019.30 XOF Billion in July of 2014 and a record low of 61 XOF Billion in February of 2005. Loans To Private Sector in Equatorial Guinea is reported by the Bank of Central African States. This page provides - Equatorial Guinea Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Gabon Loans To Private Sector

Loans To Private Sector in Gabon decreased to 1461 XOF Billion in July from 1467.40 XOF Billion in June of 2014. Loans To Private Sector in Gabon averaged 781.87 XOF Billion from 2005 until 2014, reaching an all time high of 1478.90 XOF Billion in December of 2013 and a record low of 418.10 XOF Billion in March of 2005. Loans To Private Sector in Gabon is reported by the Bank of Central African States. This page provides - Gabon Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Guinea Bissau Loans To Private Sector

Loans To Private Sector in Guinea Bissau increased to 67881.30 XOF Million in March from 66871.20 XOF Million in February of 2016. Loans To Private Sector in Guinea Bissau averaged 37725.13 XOF Million from 2005 until 2016, reaching an all time high of 73133 XOF Million in June of 2012 and a record low of 2842 XOF Million in August of 2005. This page provides the latest reported value for - Guinea Bissau Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Guinea Loans To Private Sector

Loans To Private Sector in Guinea increased to 4365.20 GNF Billion in June from 4354.90 GNF Billion in May of 2014. Loans To Private Sector in Guinea averaged 1732.60 GNF Billion from 2005 until 2014, reaching an all time high of 4478.50 GNF Billion in March of 2014 and a record low of 426.30 GNF Billion in January of 2005. Loans To Private Sector in Guinea is reported by the Central Bank of Republic of Guinea. This page provides - Guinea Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ivory Coast Loans To Private Sector

Loans To Private Sector in Ivory Coast increased to 4494170 XOF Million in September from 4396841 XOF Million in August of 2016. Loans To Private Sector in Ivory Coast averaged 2092974.61 XOF Million from 2005 until 2016, reaching an all time high of 4494170 XOF Million in September of 2016 and a record low of 1039356 XOF Million in May of 2005. This page provides the latest reported value for - Ivory Coast Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Mali Loans To Private Sector

Loans To Private Sector in Mali increased to 1693013 XOF Million in March from 1673241 XOF Million in February of 2016. Loans To Private Sector in Mali averaged 879760.69 XOF Million from 2005 until 2016, reaching an all time high of 1747458 XOF Million in December of 2015 and a record low of 462803 XOF Million in May of 2006. This page provides the latest reported value for - Mali Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Mauritania Loans To Private Sector

Loans To Private Sector in Mauritania increased to 387 MRO Billion in March from 385.10 MRO Billion in February of 2014. Loans To Private Sector in Mauritania averaged 295.77 MRO Billion from 2007 until 2014, reaching an all time high of 398.40 MRO Billion in December of 2013 and a record low of 172.30 MRO Billion in July of 2007. Loans To Private Sector in Mauritania is reported by the Central Bank of Mauritania. This page provides - Mauritania Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Niger Loans To Private Sector

Loans To Private Sector in Niger increased to 660572 XOF Million in March from 657174 XOF Million in February of 2016. Loans To Private Sector in Niger averaged 358011.01 XOF Million from 2005 until 2016, reaching an all time high of 694141 XOF Million in September of 2015 and a record low of 108301 XOF Million in May of 2005. This page provides the latest reported value for - Niger Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Republic Of The Congo Loans To Private Sector

Loans To Private Sector in Republic Of The Congo increased to 1023.60 XOF Billion in July from 1019.50 XOF Billion in June of 2014. Loans To Private Sector in Republic Of The Congo averaged 363.06 XOF Billion from 2005 until 2014, reaching an all time high of 1023.60 XOF Billion in July of 2014 and a record low of 77.20 XOF Billion in November of 2005. Loans To Private Sector in Republic Of The Congo is reported by the Central Bank of West African States (BCEAO). This page provides - Republic Of The Congo Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Senegal Loans To Private Sector

Loans To Private Sector in Senegal increased to 2902002 XOF Million in September from 2849250 XOF Million in August of 2016. Loans To Private Sector in Senegal averaged 1766376.63 XOF Million from 2005 until 2016, reaching an all time high of 2902002 XOF Million in September of 2016 and a record low of 868952 XOF Million in May of 2005. This page provides the latest reported value for - Senegal Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Seychelles Loans To Private Sector

Loans To Private Sector in Seychelles increased to 3000 SCR Million in December from 2961 SCR Million in November of 2016. Loans To Private Sector in Seychelles averaged 2039.16 SCR Million from 2010 until 2016, reaching an all time high of 3000 SCR Million in December of 2016 and a record low of 1452.50 SCR Million in February of 2010. This page provides - Seychelles Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Togo Loans To Private Sector

Loans To Private Sector in Togo increased to 921521 XOF Million in September from 890771 XOF Million in August of 2016. Loans To Private Sector in Togo averaged 451101.91 XOF Million from 2005 until 2016, reaching an all time high of 921521 XOF Million in September of 2016 and a record low of 157720 XOF Million in May of 2006. This page provides the latest reported value for - Togo Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Poland Loans To Private Sector

Loans To Private Sector in Poland decreased to 308537.81 PLN Million in June from 308641.89 PLN Million in May of 2016. Loans To Private Sector in Poland averaged 172536.74 PLN Million from 1996 until 2016, reaching an all time high of 310009.61 PLN Million in April of 2016 and a record low of 53996.69 PLN Million in December of 1996. Loans To Private Sector in Poland is reported by the National Bank of Poland. . This page provides - Poland Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Kenya Loans To Private Sector

Loans To Private Sector in Kenya decreased to 2326105 KES Million in April from 2335247 KES Million in March of 2017. Loans To Private Sector in Kenya averaged 765735.87 KES Million from 1995 until 2017, reaching an all time high of 2344446 KES Million in January of 2017 and a record low of 166281 KES Million in December of 1995. This page provides - Kenya Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Romania Loans To Private Sector

Loans To Private Sector in Romania increased to 107702 RON Million in July from 107564.30 RON Million in June of 2018. Loans To Private Sector in Romania averaged 101024.50 RON Million from 2007 until 2018, reaching an all time high of 121752.80 RON Million in September of 2012 and a record low of 48811.80 RON Million in January of 2007. This page provides - Romania Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Israel Loans To Private Sector

Loans To Private Sector in Israel increased to 607.34 ILS Billion in May from 605.56 ILS Billion in April of 2018. Loans To Private Sector in Israel averaged 476.45 ILS Billion from 1999 until 2018, reaching an all time high of 607.34 ILS Billion in May of 2018 and a record low of 273.94 ILS Billion in December of 1999. This page provides - Israel Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Burundi Loans To Private Sector

Loans To Private Sector in Burundi increased to 1055.88 BIF Billion in June from 1024.95 BIF Billion in May of 2019. Loans To Private Sector in Burundi averaged 663.31 BIF Billion from 2008 until 2019, reaching an all time high of 1055.88 BIF Billion in June of 2019 and a record low of 217.28 BIF Billion in February of 2008. This page provides the latest reported value for - Burundi Loans To Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Germany Loans to Private Sector

Loans to Private Sector in Germany increased to 1560.54 EUR Billion in the fourth quarter of 2019 from 1551.72 EUR Billion in the third quarter of 2019. Loans to Private Sector in Germany averaged 1114.20 EUR Billion from 1968 until 2019, reaching an all time high of 2367.06 EUR Billion in the fourth quarter of 1998 and a record low of 171.69 EUR Billion in the fourth quarter of 1968. This page provides the latest reported value for - Germany Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Japan Loans to Private Sector

Loans to Private Sector in Japan increased to 476139.30 JPY Billion in March from 474788.20 JPY Billion in February of 2020. Loans to Private Sector in Japan averaged 446921.36 JPY Billion from 1991 until 2020, reaching an all time high of 536555.80 JPY Billion in March of 1996 and a record low of 375948.90 JPY Billion in June of 2005. This page provides - Japan Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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South Korea Loans to Private Sector

Loans to Private Sector in South Korea increased to 9013021 KRW Hundred Million in March from 8826264 KRW Hundred Million in February of 2020. Loans to Private Sector in South Korea averaged 5502385.34 KRW Hundred Million from 2004 until 2020, reaching an all time high of 9013021 KRW Hundred Million in March of 2020 and a record low of 2603700 KRW Hundred Million in December of 2004. This page provides - South Korea Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Italy Loans to Private Sector

Loans to Private Sector in Italy decreased to 635091 EUR Million in February from 638722 EUR Million in January of 2020. Loans to Private Sector in Italy averaged 696604.52 EUR Million from 1998 until 2020, reaching an all time high of 914847.95 EUR Million in November of 2011 and a record low of 383188.54 EUR Million in August of 1998. This page provides the latest reported value for - Italy Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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United States Commercial and Industrial Loans

Loans to Private Sector in the United States increased to 2586.16 USD Billion in March from 2358.13 USD Billion in February of 2020. Loans to Private Sector in the United States averaged 624.33 USD Billion from 1950 until 2020, reaching an all time high of 2586.16 USD Billion in March of 2020 and a record low of 13.65 USD Billion in January of 1950. This page provides - United States Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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United Kingdom Loans to Private Sector

Loans to Private Sector in the United Kingdom increased to 2575721 GBP Million in the fourth quarter of 2019 from 2546089 GBP Million in the third quarter of 2019. Loans to Private Sector in the United Kingdom averaged 896055.61 GBP Million from 1963 until 2019, reaching an all time high of 2812922 GBP Million in the first quarter of 2009 and a record low of 8755 GBP Million in the first quarter of 1963. This page provides - United Kingdom Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Angola Loans To Private Sector

Loans To Private Sector in Angola decreased to 4300995 Million AOA in February from 4404602 Million AOA in January of 2020. Loans To Private Sector in Angola averaged 3120281.42 Million AOA from 2011 until 2020, reaching an all time high of 4443869 Million AOA in November of 2019 and a record low of 1806943.09 Million AOA in March of 2012. This page provides - Angola Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.