Hengfeng Bank was bailed out in 2019 by Central Huijin Investment, Shandong Financial Asset Management and Singapore's UOB after a major corruption scandal.
February 25, 2024The extension will helpensure financial services are available to support the delivery of completed properties to homebuyers.
July 11, 2023Five state banks are asked to grant defer repayments and grant new loans to debtors who are already past due on old debt.
April 21, 2022JV AMCs can provide banks more flexibility to manage bad debts, while also providing relief to borrowers who are unable to service their debt or face a collateral liquidation threat.
February 3, 2022The exposure limits have been tightened to strengthen the banks’ credit risk management and ensure stability of the sector.
January 26, 2022A new report from the World Bank offers recommendations for East Asian and Pacific countries on addressing pandemic-related non-performing loans.
November 11, 2021Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.
January 31, 2021NPL securitisation exposures will be subject to 100% risk weight or higher, except for those risk-weighted using the external ratings-based approach.
November 26, 2020Under a new notice, consumer finance companies and vehicle finance companies can apply to the CBIRC to reduce their required provisions coverage ratio.
November 19, 2020The RBI has given banks until 30 June 2021 to upgrade their systems to automate all asset classification, provisioning calculation and income recognition processes.
September 16, 2020