Search For "non performing loan"
Chinese regional banks sell mortgaged assets amid property sector bad loan
Updated : 1 year, 8 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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Datacultr transforms work culture by prioritizing Employee well-being and
Updated : 2 years, 10 months ago IST
New Delhi [India], July 17: Datacultr is a Risk Management and Digital Debt collection start-up based in Dubai, it has garnered prominence and has also made its mark in India. The company has a strong work culture of trust and embraces an unwavering commitment to an employee-first approach.
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Datacultr's Clients crossed a loan value of Rs 8,200 crore offered through
Updated : 2 years, 10 months ago IST
New Delhi [India], June 28: Dubai based, global digital debt collection and risk management start-up Datacultr today announced that its platform has enabled banks and financial institutions to extend loans worth over $ 1 billion (Rs 8,200crore), by May 2023. Datacultr's technology enables it
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Credgenics launches digital collections technology platform in Indonesia
Updated : 3 years, 9 months ago IST
New Delhi [India], August 3 (ANI/PRNewswire): Credgenics, the leading provider of loan collections and debt resolution SaaS-based technology solutions to banks, non-banking finance, and FinTech lenders worldwide, announced today its expansion into Indonesia as part of its next phase of gr
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Priyanka Chaturvedi gives zero-hour notice in RS over writing off of non-p
Updated : 3 years, 9 months ago IST
New Delhi [India], July 27 (ANI): Shiv Sena MP Priyanka Chaturvedi on Wednesday gave a zero-hour notice in Rajya Sabha over "writing off of the non-performing loans of Defaulters by the Public Sector Banks (PSBs)."
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Bad debt of China's banks mounts by 22 pc
Updated : 5 years, 1 month ago IST
Hong Kong, April 11 (ANI): As China has recorded the lowest economic growth in four decades in the year 2020, the non-performing debt at its four biggest banks swells 22 per cent last year, with the balance set to skyrocket this year if state-mandated loan extensions expire.
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Banking systems in emerging markets face deterioration in asset quality: S
Updated : 5 years, 4 months ago IST
Singapore, January 20 (ANI): Banking systems in emerging markets face the expected deterioration in asset quality indicators as regulatory forbearance measures are lifted while vaccine rollouts in several countries continue, S&P Global Ratings said on Wednesday.
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S&P affirms Indian Bank's BBB-minus/A-3 ratings with negative outlook
Updated : 5 years, 4 months ago IST
Singapore, December 24 (ANI): S&P Global Ratings has affirmed BBB-minus long-term and A-3 short-term issuer credit ratings on Indian Bank, and said the outlook on long-term rating is negative.
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Tapering of Covid-19 relief lowers risk of decline in asset quality: Moody
Updated : 5 years, 5 months ago IST
Singapore, Dec 17 (ANI): As the coronavirus pandemic drags on, regulators in ASEAN and India are facing a need to strike a balance between continuing to support some borrowers and weaning others off debt relief measures introduced at the onset of outbreak, according to Moody's Investors Serv
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Chinese banks' profit decline to worsen in H2: Fitch Ratings
Updated : 5 years, 8 months ago IST
Hong Kong/Shanghai, September 4 (ANI): The fall in Chinese banks' profits will accelerate in the second half of current calendar year as authorities target to more than double the amount of non-performing loans (NPLs) resolved compared with the first half of the year, Fitch Ratings has said.
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Moody's affirms SBI's Baa3 deposit ratings, downgrades standalone profile
Updated : 5 years, 8 months ago IST
Singapore, Aug 26 (ANI): Moody's Investors Service has affirmed the long-term local and foreign currency deposit ratings of State Bank of India (SBI) at Baa3.
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Indian public sector banks face fresh capital shortages as coronavirus bit
Updated : 5 years, 9 months ago IST
Singapore, Aug 21 (ANI): The sharp slowdown in India's economic growth exacerbated by coronavirus outbreak will hurt public sector banks' (PSBs) asset quality and drive up credit costs, Moody's Investors Service said in a new report on Friday.
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