Structured finance Current Affairs, GK & News
The Pakistan Cabinet has recently approved the issuance of first-ever Chinese renminbi-denominated bonds to raise loans from China’s capital markets. The Panda bonds will be denominated in Chinese yuan. It is expected that the possible transaction size of bonds will be equivalent to $500 million in two different tranches. They will help the government diversify ..
The Government of India (GoI) and the Asian Development Bank (ADB) have signed a $120 million loan agreement for completion of works for double-tracking and electrification of railways tracks along high-density corridors to improve operational efficiency of Indian railways. The tranche 3 loan is part of the $500 million multi-tranche financing facility for Railway Sector ..
Reserve Bank of India asked banks to forthwith stop charging penalty on pre-payment of home loans taken on floating interest rates. RBI held in its notification that abandoning prepayment penalty on home loans would lead to reduction in the bias between existing and new borrowers. The action can aid in finer pricing of the floating ..
Month: Current Affairs - June, 2012
Topics: Economy • Finance • Foreclosure • Loans • Money • Mortgage • Mortgage loan • Mortgage-backed security • Predatory lending • Prepayment of loan • Structured finance • United States housing bubble
ABS Asset Backed SecuritiesACH Automatic Clearing HouseAACS As Applicable to Cooperative SocietiesAD Authorised DealerADR American Depository ReceiptAEBC American Express Banking CorporationAEBL American Express Bank LimitedAFC Asset Finance CompaniesAFS Available For SaleAICCCA Association of Independent Consumer Credit Counselling AgenciesAIFI All-India Financial InstitutionALD Aggregate Liability to DepositorsALM Asset-Liability ManagementAMC Asset Management CompanyAML Anti-Money LaunderingANBC Adjusted Net Bank ..
CALCS Capital Adequacy, Asset Quality, Liquidity, Compliance and SystemCAMELS Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Systems and ControlCAR Capacity Assessment RatingCAS Common Accounting SystemCASA Current & Saving AccountsCBLO Collateralised Borrowing and Lending ObligationCBS Core Banking SolutionsCBS Corporate Bond SpreadsCCCS Consumer Credit Counselling ServiceCCDM Credit Counselling and Debt ManagementCCF Credit Conversion FactorsCCIL Clearing Corporation of ..