MUMBAI : The Reserve Bank of India (RBI) on Wednesday allowed banks and non-banks to extend benefits provided to individual customers and small businesses under the covid restructuring framework, which was made available last year. Small businesses and financial entities at the grass-roots level are bearing the biggest brunt of the second wave of infections,”…
DetailsThe Reserve Bank of India reopened a one-time debt restructuring scheme as the economy braces for the impact of a renewed surge in Covid-19 cases. Retail borrowers and small businesses will be permitted to recast their loans, without being downgraded to non performing category, under the scheme. The one-time restructuring scheme will be available for…
DetailsA Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo India’s central bank unveiled measures to help lenders tide over mounting bad loans, also providing relief to individual borrowers by including one-time debt restructuring for loans, as COVID-19 infections in…
DetailsBusting at the seams to get going again. When I began building my fashion identity 10 years ago, I turned to Australian designers for direction. At the top of that list was Life With Bird. It was the first designer piece I saved up to buy a simple woven black jumper that (despite multiple elbow…
DetailsThe government has filed a bankruptcy notice against Najib as a debtor for failing to pay income tax amounting to RM1.69 billion. KUALA LUMPUR: Former prime minister Najib Razak has yet to be declared bankrupt over his failure to pay RM1.69 billion in additional income tax arrears to the Inland Revenue Board (IRB), according to…
DetailsThe ABA has welcomed the Federal Treasurers release of new regulations that licence debt management firms on 30 April 2021, a change called for by the ABA. ABA CEO Anna Bligh said, together with changes made last year by the banking sector, these new regulations would will strengthen protections for customers. I welcome these changes…
DetailsFormer CFPB head Richard Cordray will lead the Federal Student Aid office, which oversees student debt. Elizabeth Warren helped create the CFPB and was key in nominating Cordray when she couldnt helm the agency. Warren wants to cancel $50,000 in student debt per person and Cordray has shared her agenda for much of his political…
DetailsThe sale of the business sees around 528 staff and 22 partners transferring to Interpath Advisory and will enable KPMG to accelerate its programme of investment in its core audit, tax, deals and consulting services for clients. The professional services firm announced in March that it had sold its UK restructuring business to investment firm…
DetailsIts been fun, though its not been easy, he said. Its been 25 years of building the business from effectively nothing. We started with the Yellow Pages at a boardroom table, as Direct Insurance Agency in 1996, bringing in the butcher, the baker and the candlestick maker, if we could place it Were proud of…
DetailsBy Kevin PeacheyPersonal finance correspondent, BBC News image copyrightGetty Images A new “breathing space” scheme has begun in England and Wales to shield people in problem debt from further interest and charges. People receiving debt advice can apply for the break, which lasts for up to 60 days, to prevent them falling into a spiral…
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