CNBC Daily Open: Bad loans by regional banks should concern us all
When companies default on very big loans, leading to charges and bankruptcies, it’s time for everyone to put on their detective hats.
Category: banking
Bad bank loans climbed to nine-month high in August
Bad loans in the Philippine banking system climbed to a nine-month high in August, as lenders—squeezed by narrower margins from falling interest rates—may have turned to riskier retail borrowers in search of higher returns. Latest data from the Bangko Sentral ng Pilipinas showed that nonperforming loans (NPL), or debts overdue by at least 90 days
78-year-old former banker loses Rs 23 crore after being under `digital arrest`
The man was confined to his home and was allowed to go out only to visit banks and transfer funds to the scammers, who posed as officers from the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI).
Jio Payments Bank now turns your idle money into returns
Jio Payments Bank has launched a new feature called ‘Savings Pro,’ an innovative service that automatically invests customers’ excess funds into overnight mutual funds.