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Despite COVID-19, banks’ non-performing loans drop – Despite COVID-19, the value of banks’ non-performing loans, NPLs, rose by 3.0 percent, but is a drop compared to 11% growth …
A new report found thousands of small businesses loans under the Paycheck Protection Program were vulnerable to fraud or …
Indian banks’ bad loans will be much worse than provisioning – In the three months ended June, the country’s largest lender State Bank of India had made provisions of Rs2,062 crore, while …
India’s top court extended the easing of rules over the classification of non-performing loans until further notice, delaying …
Quickie lender Kabbage doled out billions in PPP loans. A number of borrowers raised red flags. – When the pandemic struck in March, Kabbage, the Atlanta-based online lender, seemed to be just as imperiled as the small …