The number of payday loan complaints more than tripled to 10,529 in 2016-17 despite tough new regulations limiting interest charges, according to the Financial Ombudsman Service. That figure, however, was far lower than the 168,769 Payment Protection Insurance (PPI) inquiries during the same period.
New Delhi: The government is exploring all options, including the creation of a failed bank, to improve the health of the country’s banking sector, Economic Secretary Tarun Bajaj said on Friday. He also said the government has recapitalized public sector banks and continues to inject capital as needed. “We are looking at different options, including […]
All of SBI’s windfalls from the sale of SBI Life’s stake were allocated to provisioning bad debts. ICICI Bank stock could be repriced based on its exposure to the latest distressed list. HDFC Bank’s retail lending quality has not deteriorated, but the slow recovery in auto lending may affect it going forward. Kotak Mahindra Bank […]
Bangladesh’s highest month-to-month overseas mortgage complete was $ 1.43 billion in June 2018. Within the fiscal 12 months ended June 30, the nation acquired a complete of $ 7.27 billion in overseas loans, a file for a fiscal 12 months with 17.2 % year-over-year development. the opposite. And greater than half of the quantity, or […]