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India Ratings Downgrades Suman Vinimay's Bank Facilities to 'IND D(ISSUER NOT COOPERATING)'

India, May 9 -- India Ratings and Research (Ind-Ra) has downgraded Suman Vinimay Pvt Ltd's (SVPL) bank facilities' to 'IND D(ISSUER NOT COOPERATING)' from 'IND B/Negative(ISSUER NOT COOPERATING) while... Read More


India Ratings Downgrades Hetro Spinners's Bank Facilities to 'IND D(ISSUER NOT COOPERATING)'

India, May 9 -- India Ratings and Research (Ind-Ra) has downgraded Hetro Spinners Private Limited's (HSPL; erstwhile Sai Manasa Spintex (India) Limited) bank facilities to 'IND D(ISSUER NOT COOPERATIN... Read More


RBI approves the voluntary amalgamation of Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi (Maharashtra) with TJSB Sahakari Bank Ltd. (Maharashtra)

India, May 9 -- The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi (Maharashtra) with TJSB Sahakari Bank Ltd. (Maharashtra). The... Read More


RBI imposes monetary penalty on State Bank of India

India, May 9 -- The Reserve Bank of India (RBI) has, by an order dated April 29, 2025, imposed a monetary penalty of Rs. 1,72,80,000 (Rupees One Crore Seventy Two Lakh Eighty Thousand only) on State B... Read More


RBI imposes monetary penalty on Jana Small Finance Bank Limited

India, May 9 -- The Reserve Bank of India (RBI) has, by an order dated May 07, 2025, imposed a monetary penalty of Rs. 1.00 crore (Rupees One Crore only) on Jana Small Finance Bank Limited (the bank) ... Read More


Senegal Launches PAVIE II to empower women and youth, drive food security

Senegal, May 9 -- Senegal has officially launched the second phase of the Project for Support and Promotion of Women's and Youth's Entrepreneurial Initiatives (PAVIE II) at the Grand Theatre National ... Read More


African Development Bank Group approves €26.5 million to support the construction of a new solar power plant in Togo

Togo, May 9 -- The Board of Directors of the African Development Bank Group has approved a financing package totaling €26.5 million to support the development of a 62 megawatt-peak greenfield so... Read More


EBRD supports Dislog Group's growth strategy in Morocco

Morocco, May 9 -- The European Bank for Reconstruction and Development (EBRD) is supporting Dislog Group in Morocco with a US$ 25 million (MAD equivalent) equity investment.Founded in 2005, Dislog is ... Read More


EBRD supports regional fast food expansion with first circular economy loan in Western Balkans

Bosnia and Herzegovina, May 9 -- The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €9.9 million to Aptha Global and Tastra (on a joint and several basis) t... Read More


Signing of Grant Agreement with Palau: Contributing to reducing non-revenue water and improving water and sewage management capabilities through renewal of drainage pipes and installation of smart met

Palau, May 9 -- On May 9, the Japan International Cooperation Agency (JICA) signed a grant agreement with the Government of the Republic of Palau in Koror State, to support the Project for the Improve... Read More