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A home for sale on Sumach St. in the Cabbagetown neighborhood of Toronto, pictured May 21, 2020.Fred Lum/The Globe and Mail The coronavirus pandemic is hitting alternative lenders hard, with a substantial drop in business, a handful of mortgage investment firms preventing investors from redeeming their funds and others trying to offload their home loan …

The Association of Indian Banks (IBA) is working to make banking easier on the loan side and is also focusing on rapid decision-making amid the COVID-19 crisis, its CEO Sunil Mehta said on Friday. Member banks are working on digitizing lending products so that human intervention is minimized in the lending process, he said. “Ease …

Band Takashi Umekawa and Takaya Yamaguchi TOKYO, July 13 (Reuters) – Mitsubishi UFJ Financial Group Inc of Japan 8306.T will begin loaning to Grab users and drivers in Thailand to monetize its $ 706 million investment in the ridesharing company as its domestic market growth slumps, its chief executive said. MUFG agreed to invest in …