Bad Debts News Today

Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.

KATHMANDU, Nov 6: Bad debts of Nepal’s commercial banks surged more than double in the first three months of the current fiscal year, thanks to the non-recovery of the issued loans caused by ongoing economic slowdown.

The Union Bank of Switzerland (UBS) has rated Thailand’s long-term debt sustainability as stable, despite earlier concerns that it might face a downgrade in its credit rating if there were efforts to stimulate the economy through the 10,000 THB (271 USD) digital wallet scheme.

China’s worsening property crisis saw bad loans rise at Bank of East Asia and China Construction Bank, which tarnished otherwise decent first-half earnings.

Earnings Release Presentation The First Quarter Financial Results for the Fiscal Year Ending March 2024 July 28,... -Today at 02:08 am- MarketScreener

Reserve Bank of India (RBI), responding to a Right to Information (RTI) query, says during the financial year (FY) 2022-23, banks in the country wrote off bad loans worth Rs2.09 lakh crore, taking the total write-off by the banking sector to Rs10.57 lakh crore during the past five years, says a report.

Besides the review of financial performance, sources said, the meeting is going to take stock of the progress made by banks in achieving targets set for the various government schemes, including Kisan Credit Card (KCC), Stand-Up India, Pradhan Mantri Mudra Yojana (PMMY) and emergency credit line guarantee scheme (ECLGS) to help businesses affected by Covid-19.

Research and Development - General and Administrative 4,321,718 431,103 52,148 Selling Expenses 228,165 13,808-Operating Taxes 28,649 - Other Operating Expenses -- Total Operating Expenses 3,314,185...

UNITED STATES BANKRUPTCY COURT DISTRICT OF Delaware In Re. Clovis Oncology, Inc. § Case No. 22-11292 § § Lead Case No. 22-11292 Debtor § Jointly Administered... | June 10, 2023

Last week the State Bank of Vietnam continued reducing diverse regulatory interest rates in a bid to help remove impediments for borrowers, as well as support credit institution efforts to drive down input costs, and from there be able to reduce lending rates.