Bank guarantee articles
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Central bank bars P2P startups from giving default loss guarantee in tie-ups with NBFCs
The central bank has said peer-to-peer lending platforms cannot offer any default loss guarantee (DLG) to investors, as it furthers scrutiny on the digital lending sector.The Reserve Bank of India’s directive dated April 26 is likely to impact operations of P2P platforms that relied on affiliates such as Uni, MobiKwik, BharatPe, Rupifi and others to source customers, industry executives said. Some prominent P2P startups with a strong affiliate business are Lendbox, LiquiLoans, Faircent and...
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First Hawaiian Bank Recognized as Hawai'i’s Top Bank and One of the Most Cybersecure Banks in the Nation by Forbes Magazine
First Hawaiian Bank (FHB) was recognized by Forbes magazine as the top-ranked Hawai’i bank on its 2024 Best Banks in America list and one of the top 50 most cybersecure banks in the U.S., furthering FHB’s legacy as Hawai’i’s leading financial institution. “We are honored to be recognized for the third consecutive year as Hawai’i’s premier bank on Forbes’ Best
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Fulton Bank acquires deposits, assets of Republic First Bank
Lancaster-based Fulton acquired Friday, Republic customers’ deposits are safe