Search For "non performing loans"
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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Datacultr transforms work culture by prioritizing Employee well-being and
Updated : 2 years, 8 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, 8 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, 7 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, 7 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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Banking systems in emerging markets face deterioration in asset quality: S
Updated : 5 years, 1 month 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, 2 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, 2 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, 6 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, 6 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, 6 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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HDFC profit falls 4.7 pc to Rs 3,052 cr
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Home loan lender Housing Development Finance Corporation (HDFC) on Thursday reported 4.7 per cent degrowth in its net profit during the quarter ended June at Rs 3,052 crore against Rs 3,203 crore in the year-ago period.
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