Bad Debt
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'Dirty Dozen' Debtors Lure Big Funds To Their Bad Loans
PSU bank recapitalisation, as well as the new insolvency code that took effect in 2016, will help open the market for soured loans, say experts.
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Loan Shark Arrested In Tamil Nadu, Man Sets Family Ablaze Over Crippling Debt
A loan shark in Tamil Nadu was arrested on Tuesday after a labourer burdened with debt doused himself and his family in kerosene and set them on fire, killing his wife and two daughters. The man remains in a critical condition with serious burns after self-immolating on Monday, an official said.
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Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
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At United Nations, Argentina Remains Defiant on $1.5 Billion Bad Debts
Argentina is willing to negotiate to avoid a catastrophic default but is waiting for a U.S. judge to approve the country's request for more time to pay $1.5 billion in bad debts, Argentina's economy minister said Wednesday.
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Maharashtra's bank of corruption?
It's the largest cooperative bank in Asia, a bank controlled by the NCP with politicians from several parties on its board. Now an audit of the Maharashtra State Cooperative Bank reveals shocking losses - how the bank's powerful management has run it to the ground. The audit shows the bank is deeply in the red with losses of over Rs 1000 crore. Its...
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'Dirty Dozen' Debtors Lure Big Funds To Their Bad Loans
PSU bank recapitalisation, as well as the new insolvency code that took effect in 2016, will help open the market for soured loans, say experts.
-
Loan Shark Arrested In Tamil Nadu, Man Sets Family Ablaze Over Crippling Debt
A loan shark in Tamil Nadu was arrested on Tuesday after a labourer burdened with debt doused himself and his family in kerosene and set them on fire, killing his wife and two daughters. The man remains in a critical condition with serious burns after self-immolating on Monday, an official said.
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Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
-
At United Nations, Argentina Remains Defiant on $1.5 Billion Bad Debts
Argentina is willing to negotiate to avoid a catastrophic default but is waiting for a U.S. judge to approve the country's request for more time to pay $1.5 billion in bad debts, Argentina's economy minister said Wednesday.
-
Maharashtra's bank of corruption?
It's the largest cooperative bank in Asia, a bank controlled by the NCP with politicians from several parties on its board. Now an audit of the Maharashtra State Cooperative Bank reveals shocking losses - how the bank's powerful management has run it to the ground. The audit shows the bank is deeply in the red with losses of over Rs 1000 crore. Its...
