World Bank gives $320 million loan for better roads in Andhra

October 13th, 2009 NEW DELHI - The World Bank will extend loans worth $4.2 billion to India for three projects, the multilateral lender said Tuesday. The pact was signed Tuesday by representatives of the central government, India Infrastructure Finance Co (IIFC), PowerGrid Corp and the World Bank.

September 23rd, 2009 NEW DELHI - The World Bank has approved $4.3 billion in loans for India to help finance infrastructure projects and support its economic stimulus programme. "This is the crucial time to support Indian economic recovery," said World Bank country director for India Roberto Zagha.

September 23rd, 2009 NEW DELHI - The World Bank has approved $4.3 billion in loans for India to help finance infrastructure projects and support its economic stimulus programme. "This money will be directed towards four projects," World Bank country director for India Roberto Zagha told reporters in a video conference Wednesday morning, adding: "This is a crucial time to support Indian economic recovery." Emphasising on infrastructure development, Zagha said: "Today's support will help maintain credit growth and continued infrastructure investments.

September 23rd, 2009 WASHINGTON - The World Bank on Tuesday approved a 4.3 billion dollars loan for India to finance infrastructure projects, to help maintain credit growth levels, employment growth, support social banking and help strengthen the economic recovery from the global financial crisis. The loan includes a 2 billion dollar loan, which is designed for Banking Sector Support Loan, which would to boost the capital of state banks and maintain credit growth.

August 19th, 2009 Hampton Roads Bankshares withdraws stock offeringNORFOLK, Va. — Bank holding company Hampton Roads Bankshares Inc.

August 17th, 2009 NEW DELHI - The World Bank Monday said it will give a loan of $330 million to Haryana to strengthen the power transmission and distribution system in the state. "These transmission and distribution investments will ensure high economic returns and significant welfare improvements for consumers - both urban and rural," Roberto Zagha, World Bank's country director for India, said Monday.

August 12th, 2009 KARACHI - Pakistan has received $1.2 billion from the International Monetary Fund (IMF) as the third tranche of an emergency loan agreed to last year, the central bank said. "We have received $1.2 billion from the IMF," State Bank of Pakistan spokesperson Syed Wasimuddin told The News.

August 11th, 2009 NEW DELHI - Cautioning the loan seekers to be wary of dubious entities, the Reserve Bank of India (RBI) on Tuesday asked public to verify the credentials of loan providers before dealing with them. Several loan-related entities lure people by issuing advertisements in newspapers offering personal loans, loans against property and other loans, at a very low rate of interest, the central bank noted.

July 16th, 2009 NEW DELHI - Bank of China will extend a loan of $70 million to Sistema Shyam TeleServices, the telecom joint venture between Sistema of Russia and Shyam group of India, to strengthen its wireless infrastructure. The loan is for eight years with three years of moratorium on principal repayment and will help Sistema Shyam expand its geographical reach and seamlessly serve the growing subscriber-base, the company said in a statement.

July 1st, 2009 MANILA - The Asian Development Bank (ADB) has approved a $100-million loan to undertake developmental projects in China's northwestern Xinjiang Uygur Autonomous Region, officials said Wednesday. The Xinjiang Urban Transport and Environmental Improvement Project, which will receive the money, will also initiate projects to protect the environment, the bank said.

June 19th, 2009 NEW DELHI - The World Bank will extend a $180-million (Rs.900-crore) loan to India for upgrading its polluting coal-fired power plants and bringing down carbon emission, it said Friday. "The project, which is expected to lower carbon emissions and boost power production at these plants, is co-financed with a $45.4-million grant from the Global Environment Facility (GEF)," World Bank said in a statement.

June 4th, 2009 MUMBAI - Bank of Baroda, Indian Overseas Bank and Andhra Bank will set up a joint subsidiary in Malaysia, it was announced Thursday. "The subsidiary is proposed to be named as India BIA Bank (Malaysia) Bhd," Bank of Baroda said in a regulatory statement.

April 26th, 2009 World Bank gives aid to Mexico for swine fluWASHINGTON — The World Bank said Sunday that it is providing Mexico with more than $200 million in loans to help it deal with an outbreak of a new strain of swine flu. Mexican health officials say swine flu has killed up to 86 people and probably sickened about 1,400 in the country since April 13.

April 6th, 2009 NEW DELHI - A consumer who was penalised by the ICICI bank despite cancelling her loan was awarded compensation by the consumer commission Monday which found the bank guilty of deficiency of service in the case. Kiran Sikri had applied for a car loan from the ICICI bank but due to the ongoing recession she requested the bank to cancel the loan.

February 16th, 2009 NEW DELHI - International Financial Corp (IFC), a member of the World Bank group, has given a loan of $15 million to WaterHealth India to set up water purification facilities in Indian villages, it was announced Tuesday. WaterHealth India is a wholly-owned subsidiary of WaterHealth International, a leader in providing access to clean water to people around the world.