Sentences with phrase «rural banks which»

In the Amansie area in the Ashanti Region for instance, rural banks which employ a lot of people are collapsing and virtually folding up because they now receive very low deposits.

Fanteakwa Rural Bank which was established in the year 2004 was performing well in the banking industry until after the 2012 elections when the MP allegedly loan the money to the opposition leader, Nana Akuffo - Addo.

Not exact matches

The bank, which is the fifth - largest rural commercial bank by assets in China, priced at HK$ 5.10 a share after quoting HK$ 4.99 - HK $ 5.27, people familiar with the matter told Reuters.

The proposal, which gives the industry until March 30 to comment, would expand the definition of «small» banks and credit unions and «rural» areas to allow more institutions to get relief under the mortgage rules.

On the spending side of the ledger, the priorities have been agriculture support (after two weak monsoons), rural development spending, infrastructure investments and a massive structural shift to direct benefit transfers deposited in the bank accounts of beneficiaries — made possible by the extraordinary biometric identity card program (Aadhaar) covering 950 million people, and the impressive financial inclusion initiative which has opened over 200 million new bank accounts for impoverished families.

This has contributed to the GHȼ740.5 million which is owed to an estimated 705,396 depositors in distressed or folded up Micro Finance Institutions (MFIs) and Rural and Community Banks (RCBs).

It insisted that Fayose must explain to the EFCC how he misappropriated the balance of the bailout, including the World Bank's grants in dollars for core subjects and rural postings allowance, which he changed to naira and allegedly kept a part totaling over N600m to himself.

Eligible Worker - Owned Cooperative (EWOC): A retirement plan structured as either a cooperative farmers» association or any corporation operating on a cooperative basis except for a tax - exempt organization, a mutual savings bank, an insurance company, or a corporation which furnishes electric energy or telephone service to persons in rural areas.

The bank's government - backed lending, which is mostly FHA but also includes VA and Rural Housing Services loans, accounted for about 26 percent of its lending for the first nine months of 2013, Goyda said.

The Bank of America and Bryan Cave team will serve veterans through the Justice Bus, which transports volunteers to rural, isolated or underserved communities where specific legal experience is needed most.

To bridge this gap, Future Generali has recently tied up with 10 medium and small size banks in the Kolhapur and Sangli districts of Maharashtra to come up with a comprehensive insurance plan which meets the needs of a rural worker.

Being the first ever regional rural bank in India, Prathama Bank, which came into the picture as the bank sponsored by the Syndicate bank, has exponentially grown and developed into a megabbank in India, Prathama Bank, which came into the picture as the bank sponsored by the Syndicate bank, has exponentially grown and developed into a megabBank, which came into the picture as the bank sponsored by the Syndicate bank, has exponentially grown and developed into a megabbank sponsored by the Syndicate bank, has exponentially grown and developed into a megabbank, has exponentially grown and developed into a megabank.

With regard to banking legislation, the Government Savings Bank (Rural Bank) Act 1920 (NSW) was passed, which enabled Commissioners of the Bank to conduct the work of a Rural Bank and to offer loans against leases granted under the WLA and other Crown lands legislation.

«Typically the investor universe for rural assets would be comprised of local players and small banks, of which there is a very limited pool in any given small market,» says Parsons.

The bill also reduces some regulatory burdens on credit unions and smaller community banks, which are often the main source of home mortgage financing in rural areas.

A rural bank explained that creditors use hundreds and sometimes thousands of different settlement agents who use their own loan origination systems with no universal data interface, which would make shared responsibility difficult.