Search For "debts"
RBI Deputy Governor M Rajeshwar Rao highlights IBC's transformative impact
Updated : 1 year, 3 months ago IST
M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) on Sunday highlighted the transformative journey of the Insolvency and Bankruptcy Code (IBC) since 2016, emphasising its critical role in improving bank asset quality and facilitating substantial pre-admission settlements of un
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Pakistan Oil faces financial crisis as receivables soar to PKR 800 billion
Updated : 1 year, 4 months ago IST
Pakistan State Oil (PSO) is confronting a severe financial crisis, with total receivables reaching PKR 800 billion. The crisis is primarily driven by significant debts owed by Sui Northern Gas Pipelines Limited (SNGPL) and other key players in the energy sector.
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Fugitive business tycoon loses Taiwan citizenship
Updated : 1 year, 5 months ago IST
The government of Taiwan has revoked the Republic of China (ROC) citizenship of fugitive business tycoon Chen Yu-hao, who has been living in China for 22 years. This decision follows the discovery that Chen obtained household registration in China. Chen, who acquired Chinese citizenship in 2
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Debt Consolidation with a Personal Loan: Is It a Good Idea?
Updated : 1 year, 6 months ago IST
New Delhi [India], September 28: Managing multiple debts can be a challenge and can even cause an overload on your overall financial situation. Therefore, it is important to devise strategies that can help you effectively handle the existing financial obligations and avoid the accumulation o
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India's household debts surge on back of housing loans, rising trend of un
Updated : 1 year, 6 months ago IST
Amid concerns about India's rising household debts a recent report by Care Edge Ratings highlighted that the increase in household debt is primarily driven by a surge in housing loans, which constitute over 50 per cent of retail loans.
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Chinese regional banks sell mortgaged assets amid property sector bad loan
Updated : 1 year, 6 months ago IST
Amid a declining property market in China, regional banks are offloading non-performing real estate loans despite government pressure to support the housing sector. As of June 2024, non-performing industrial loans at local banks surged, prompting significant asset sales to manage bad debts.
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Pakistanis struggle with monthly expenses: 60 pc urban population cut back
Updated : 1 year, 7 months ago IST
According to a recent study by Pulse Consultant, of those currently struggling to make ends meet, 60 per cent have had to cut back on essential expenses, including groceries, while 40 per cent have resorted to borrowing money from their acquaintances.
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SC to examine Shylockian attitudes over money lendings
Updated : 1 year, 8 months ago IST
The Supreme Court has agreed to examine the issue over lenders entertaining Shylockian attitudes and said that it will regulate such instances and rescue the helpless who happen to borrow loans and then are doomed to debts.
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14 vehicles seized in Jerusalem over tax debts
Updated : 1 year, 8 months ago IST
During these operations, 14 vehicles were seized, including luxury vehicles, for debts of approximately 2 million Shekels.
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Pak government's borrowings exceed two previous fiscal years combined
Updated : 1 year, 9 months ago IST
This hefty borrowing, amounting to PKR 7.39 trillion from July 2023 to June 7, 2024, surpasses the government's collective borrowings of PKR 7.16 trillion in the previous two fiscal years (FY23 and FY22).
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Andhra BJP chief Purandheswari meets Governor to submit memo, discuss stat
Updated : 1 year, 9 months ago IST
Andhra Pradesh BJP Chief Purandheswari met with Governor Abdul Nazeer on Friday to discuss the mounting debts of the State Government and alleged misuse of funds by the ruling YSRCP.
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Dynamic Services And Security Limited Acquires 41.10 per cent Stake in Sol
Updated : 2 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 22: Dynamic Services and Security Limited (NSE: DYNAMIC), premier provider of Security Guarding and Manpower Solutions, Kolkata in an arrangement with Solace Cogen Private Limited (SCPL), Maharashtra is acquiring a 41.10% stake in SCPL for an undisclose
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