Ombudsman agrees to review complaint from Cambodian NGOs alleging IFC funding contributed to human rights abuses in microfinance lending.
May 8, 2022The RBI is lifting the interest rate ceiling on microfinance loans, but says it will continue to check that lenders do not charge "usurious" rates.
March 23, 2022Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.
March 9, 2022As relief measures end this month, Cambodian lenders will have to set aside appropriate provisions for nonperforming loans.
February 8, 2022Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.
January 27, 2022The new credit card-based microloan service seeks to expand opportunities for lower income earners without access to traditional credit finance channels.
October 27, 2021Young adults and newly married couples will be eligible to apply for 40-year home mortgage loans under a government-sponsored programme.
June 24, 2021Proposed revisions set the common contribution rate at 0.03 percent of the balance of household loans for each financial institution.
June 11, 2021Postal Savings Bank of China, China Merchants Bank, China Guangfa Bank and Shanghai Pudong Development Bank were fined a combined CNY 5.3 million.
June 10, 2021Financial authorities in Guangzhou and Shenzhen have ordered microfinance companies to stop providing credit for estate assets and investments.
June 5, 2021