difficulties making ends meet last year, Statistics Sweden( SCB) said on Wednesday.It was the highest

commercial banks( SCBs) announced last month. There was an incongruity in the classification of non

Public sector banks recovered over Rs 4.18 lakh crore in the last three financial years from incidents pertaining to frauds and defaults, Parliament was informed on Tuesday. Also, the amount related to frauds of Rs 1 lakh and above has declined over the period. The government has taken comprehensive steps to tackle defaults and to effect recovery from defaulters, Minister of State for Finance Bhagwat Karad said in a written reply in the Rajya Sabha. Karad said the government has also taken addit

HANOI-A decade of selling diapers and baby products earned Ms Nguyen Thi Huong modest savings of US$ 20, 000( S$ 26, 250), but her money vanished in Vietnam’s biggest-ever scam that has seen the tycoon responsible sentenced to life in prison. Tens of thousands of people have been defrauded in the multi-billion dollar case that sent shockwaves across the communist nation, with mastermind Truong My Lan jailed for life on Oct 17 after being given the death penalty in a separate embezzlement case.“

The Reserve Bank on Thursday said net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent at the end of September 2023 and the country's domestic financial system remains resilient.... Click here to follow our WhatsApp channel The gross non-performing assets( GNPA) ratio of banks also declined to a multi-year low of 3.2 per cent, it said.... Referring to the present state of Indian economy, it said the domestic financial system remained resilient, supported by str

HO CHI MINH CITY: Despite interest rate cuts by commercial banks, deposits by retail customers continue to increase due to a lack of alternative asset classes. The State Bank of Vietnam reported that overall bank deposits were worth 12.68 quadrillion dong( US$ 522. 4bil) as of the end of September, 7.3% up for the year. Retail deposits rose by 10% to 6.45 quadrillion dong, the highest since 2018.In October last year, interest rates soared to over 12% due to the Saigon Joint Stock Commercial Bank

СТОКГОЛЬМ, 19 мая. /ТАСС/.

Karad said that PSBs have created stressed asset management verticals for stringent recovery, segregated pre-and post-sanction follow-up roles for clean and effective monitoring, and engaging specialised monitoring agencies for monitoring of large-value accounts.... “ Wilful defaulters and companies with wilful defaulters as promoters/ directors have been debarred from accessing capital markets to raise funds, ” he added.... Karad said that a prudential framework for the resolution of stressed

BANGKOK: Thailand’s household debt has spiralled to almost equal the size of its US$ 472bil( RM1.96 trillion) economy, yet millions of individual borrowers still struggle to access credit.... For tech-driven microfinance companies, that crunch represents a multi-billion dollar opportunity. Lenders are offering loan approvals via smartphones and artificial intelligence within minutes for amounts as low as 2, 000 baht( US$ 60 or RM248.69) to borrowers with no credit history. That’s already sparke

The government has mobilised a gross amount of Rs 5.77 lakh crore by issuing dated securities in the current financial year up to July 31, 2023, Finance Minister Nirmala Sitharaman said on Tuesday.... Government borrowing is done through various sources, including dated securities, treasury bills, external loans and state provident funds.... The central government has planned to raise net debt resources of Rs 17.99 lakh crore from various sources in 2023-24, mainly to finance its fiscal defici