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.
Singapore, Feb 13 (ANI): Moody's Investors Service said on Thursday the Reserve Bank of India's (RBI's) revised asset recognition norms are credit negative for Indian banks.
New Delhi [India] Oct 03 (ANI/BusinessWire India): OYO, the world's third-largest and fastest-growing chain of hotels, homes, and spaces, has partnered with Biz2Credit, a leading online financing resource for small businesses, to provide working capital and commercial real estate loans to ex