All posts tagged "Bad Loans"
-
722Asia-PacificBangladesh Bad Loan Problem is Double Reported Figures: IMF
Total problem assets in Bangladesh’s banking sector would rise by more than double if the computation included stay orders, special mention accounts, and rescheduled loans.
October 2, 2019 -
587EnforcementIndia: PMC Bank Managing Director Confesses to Wrongdoing
PMC Bank's now-suspended managing director has reportedly confessed that the bank's loan exposures went unreported for over six years.
October 2, 2019 -
759Capital Regulation
RBI Caps Withdrawals at Failing PMC Bank, Prompting Panic
The RBI has ordered the troubled cooperative bank to cap withdrawals at 1,000 rupees per account, prompting panic, protests and promises of legal action from customers.
September 26, 2019 -
736AML / KYCRBI Orders Banks to Review Controls on Internal Accounts
Transitory accounts at bank branches are being used to provide unauthorised overdrafts to avoid default classification on loans, and to mask unexplained cash deposits.
September 16, 2019 -
667Capital RegulationUPDATED – PBOC Mulls New Rules to Reduce Risk at Smaller Banks
The PBOC will encourage merger talks instead of bankruptcies when dealing with problematic financial institutions.
August 30, 2019 -
663Capital RegulationCBIRC Urges Acceptance of IP Pledges as Loan Collateral
Financial institutions are encouraged to “actively carry out intellectual property pledge financing business” to provide greater support to innovative enterprises in their development.
August 20, 2019 -
826Capital RegulationChinese 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 -
736Asia-PacificBOT Launches Phase Two of ‘Debt Clinic’ Scheme
The second phase of the programme is aimed at helping troubled borrowers who owe credit card and personal loan debt to both bank and non-bank lenders.
May 9, 2019 -
915Capital RegulationCBIRC Issues Stricter Rules for Banks on Loan Classification
The new rules broaden the range of assets banks have to classify. If more than 5% of a borrower's loans are 90 days past due, all loans from that borrower will be classified as non-performing.
May 2, 2019 -
5.6KAsia-Pacific
Bangladesh Bank Relaxes Loan Classification Rules
From 30 June, loans will be classified as 'bad' only once they have been overdue for at least 12 months, compared to nine months previously, among other changes.
April 29, 2019
