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India Ratings Downgrades M.G.Industries's Bank Facilities to 'IND D(ISSUER NOT COOPERATING)'

India, May 9 -- India Ratings and Research (Ind-Ra) has downgraded M.G.Industries's bank facilities to 'IND D(ISSUER NOT COOPERATING)' from 'IND B+/Stable(ISSUER NOT COOPERATING)/IND A4(ISSUER NOT COO... Read More


India Ratings Downgrades Yogesh Chaudhry's Bank Facilities to 'IND D(ISSUER NOT COOPERATING)'

India, May 9 -- India Ratings and Research (Ind-Ra) has downgraded Yogesh Chaudhry (YC) bank facilities' ratings to 'IND D(ISSUER NOT COOPERATING)' from 'IND B/Negative(ISSUER NOT COOPERATING/INDA4+(I... Read More


India Ratings Downgrades Vashu Yarn Mills India's Bank Facilities to 'IND D(ISSUER NOT COOPERATING)'

India, May 9 -- India Ratings and Research (Ind-Ra) has downgraded Vashu Yarn Mills India P. Ltd.'s (VYMIPL) bank facility ratings to 'IND D(ISSUER NOT COOPERATING)' from 'IND B/Negative(ISSUER NOT CO... Read More


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