AFSA WORLD

Private Credit Platform Organized into Direct Lending and Securitized Credit Specializations ORIX Corporation USA (ORIX USA), announced today the appointment of Nik Singhal as Managing Director and Group Head of Direct Lending within its Private Credit business. Mr. Singhal is based in New York and will report to Jeff Abrams, Group Head of Private Credit and Real Estate and Member, Executive Committee. Mr. Singhal will also join ORIX USA’s Management Committee. His start date at the firm is July 8, 2024.

Shriram Transport Finance Co. Ltd. stated on Thursday that it hopes to obtain $200 million from International Finance Corp. (IFC) in order to finance the financing to micro, small, and medium-sized businesses (MSMEs) and the acquisition of commercial vehicles.

The Taiwanese QR code mobile payment service, TWQR, has been launched in South Korea, the Bankers Association of the ROC (銀行公會) and Financial Information Service Co (FISC, 財金資訊) said in a joint statement yesterday.

Prime Finance & Investment suffered a loss of Tk 341 million in the nine months through September 2022, due to what the company claims is huge provisioning against loans and advances.