March 14, 2025

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Loans

Bank deposits grow faster than loans in trend reversal

MUMBAI: The pace of bank credit growth is slowing down, with incremental bank deposits outpacing growth in advances during the current financial year.Bank deposits stood at Rs 211.9 lakh crore as of July 26, 2024, fortnightly data released by RBI showed. Banks have added deposits of Rs 7.2 lakh crore since March 2024, which is

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Loans

Circuit Court upholds Missouri order to block cancelation of student loans

JEFFERSON CITY, Mo. (KCTV) – A U.S. Court of Appeals has upheld a Missouri district court order to block the cancelation of student loan debt on a national level. Missouri Attorney General Andrew Bailey announced on Friday, Aug. 9, that the Eighth Circuit Court of Appeals upheld a court order obtained at the district court

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Loans

Housing market update: 30-year fixed mortgage rates drop to 6.47 percent

The average rate on a 30-year mortgage fell this week to its lowest level in more than a year, a welcome affordability boost for prospective home shoppers and homeowners looking to refinance their home loan to a lower rate. The rate fell to 6.47% from 6.73% last week, mortgage buyer Freddie Mac said Thursday. A year ago,

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Finance

CredibleX and Fracxn Partner on Financing Solutions for SMBs

CredibleX and Fracxn partnered to provide small- to medium-sized businesses (SMBs) with access to a variety of financing solutions. With this collaboration, Fracxn’s instant financing solutions for SMBs will be added to the financial solutions offered by CredibleX, the companies said in a Monday (Aug. 5) press release. “Together, we simplify access to financing and

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Loans

FC Bayern Frauen movement: Two loans and a transfer

The FC Bayern Munich Frauen have made three recent transactions: Natalia Padilla Bidas has been loaned to FC Sevilla in Spain, Cecilía Rán Rúnarsdóttir has been loaned to Inter Milan in Italy, and Inès Belloumou has been transferred to West Ham in England. Padilla Bidas transferred to Bayern last summer from FC Servette and was

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Loans

20 Cities Where Gen Z Has the Most Car Loan Debt

Earlier this month, LendingTree conducted a study across 100 of the largest U.S. metros to determine how much debt people carry across different generations — Gen Z, millennials, Gen X and baby boomers. According to the study, 47.5% of Gen Zers have an auto loan. For those who do, the median car loan debt is

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Loans

Education Ministry Allows No-Interest Online Loans for University Tuition Fees

Jakarta. The Ministry of Education, Culture, Research, and Technology approved the use of official online loan services for paying tuition fees (UKT) for university students, provided they are interest-free. Sri Suning Kusumawardani, Director of Learning and Student Affairs at the Directorate General of Higher Education, said that Law No. 12 of 2012 on Higher Education, Article

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Loans

Brightpoint wins $2.5M of Fort Wayne’s Legacy Fund to loan to small businesses | News

FORT WAYNE, Ind. (WFFT) — Fort Wayne City Council granted Brightpoint $2.5 million for its Small Business Loan Project Tuesday. That money will come out of the City’s Legacy Fund, which is meant to invest in transformational projects across the city. As of December 31, 2023, the account holds $36,674,431. The Legacy Joint Funding Committee originally

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Loans

Frederick Avery pleads guilty to PPP fraud after selling travel agency business in 2019

North Berwick man faces 30 years in federal prison for PPP fraud Man pleads guilty to PPP fraud after applying for loans for business he no longer owned Updated: 12:35 AM EDT Jul 16, 2024 Frederick Avery of North Berwick faces 30 years in federal prison after pleading guilty to filing fraudulent applications for loans

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Loans

4 FinTechs digitising India’s lending ecosystem with instant loans

By Gloria Mathias Today 4 fintechs Australia CASHe. Rupeeredee The digital lending landscape in India has witnessed a transformative shift driven by technological advancements and a growing demand for quick, hassle-free loans. Instant loans play a significant role in India’s financial landscape by providing immediate access to funds, which is crucial in emergencies such as

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