All posts tagged "Bad Debt"
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394ChinaPBOC Cuts Bank Lending Rates to Offset Covid-19 Pressures
Policymakers said on Friday that monetary policies should make full use of RRR cuts, interest rate reductions and relending, indicating a shifting stance after GDP shrank 6.8% in Q1.
April 21, 2020 -
532ChinaChina: Fees Hinder Entry of Foreign Distressed Debt Funds – Report
Offshore funds have to rely on accounting and law firms throughout the three- to four-year life cycle of a transaction in China, at cost of up to 15% of the transaction's value.
February 18, 2020 -
265Asia-PacificBOT Launches Phase Three of ‘Debt Clinic’ Scheme
Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.
February 5, 2020 -
695Asia-Pacific12 Banks Fail to Meet Bangladesh Capital Requirement
The total capital shortfall among the 12 banks was reported to be over $2bn as of the end of September, amid rising bad loans in the banking sector.
January 10, 2020 -
1.4KCapital Regulation
China to Double Number of Firms Allowed to Securitise NPLs
Standard Chartered and the four large national bad debt managers are among the firms allowed to sell NPL-backed securities as China looks to expand its 2016 plan to clean up bank balance sheets.
December 3, 2019 -
275Australia & NZAussie Banks Adopt Safeguards Against Unfair Debt Collection Practices
The move comes after hundreds of vulnerable debtors who have had their homes put at risk in bankruptcy court this year over relatively small debts.
November 22, 2019 -
416Asia-PacificSBV Lists Criteria for Assuming Control of Troubled Banks
The State Bank of Vietnam has issued a circular outlining seven conditions under which it will impose ‘special control’ over credit institutions.
September 5, 2019 -
740EnforcementUPDATED – RBI Bans EY Member Firm from Auditing Banks
Reports indicate the RBI had found large discrepancies in bad debt reported by banks for the 2015-2016 period, particularly in the cases of Axis Bank and YES Bank.
June 5, 2019 -
663Capital Regulation
Chinese Banks Record Highest NPLs Since 2003
Despite the rise in overall NPLs at China's commercial banks, a boost in new lending and bad asset disposal resulted in lower NPL ratios.
May 13, 2019 -
505Capital RegulationRBI to Draw Up New Guidance on Bad Debt Resolution
The central bank will have to issue a revised circular for banks on bad debt resolution after a February 2018 circular was invalidated by the Supreme Court this week.
April 5, 2019
