Banks have been sitting on an "orgy of debt," Galaxy CEO Mike Novogratz said, leaving customers exp…

CoinFlex halted withdrawals while it searches for a solution to the $47 million bad debt, which the…

Andhra Bank has decided to sell off more than 100 accounts with loans that add up to about Rs 4…

The proposal has not been signed as yet. European Central Bank officials plan to discuss the scheme…

"There are no takers for the Kingfisher Airlines brands which are valued (at) Rs 7-315 crore." a se…

However, what's more worrying is that demonetisation isn’t the only reason behind this ra…

This would prompt banks to plan their recovery strategies in advance. Some industr…

India's banks are grappling with more than $110 billion of corporate stressed debt, a burden that i…

However, since a lot of banks are not able to identify stressed loans, these consultancies are play…

Of course, this has been contributed by the overall investor pessimism in equity markets, triggered…

"If you are in trouble, you should be cutting down your expenses," said Rajan in what appeared to b…

In his New Year message, Rajan told his employees to penalise the wrongdoers, without differentiati…

During his address to a gathering at Presidency University, Rajan said GST will be good for economy…

“I am here to talk on resolution of financial distress. I’m talking about obituaries rather than bi…

The classification of good or bad isn't delineated in your credit report, so you do have the power …

The Italian banking crisis is coming to a head after the resignation of former Prime Minister Matte…

This is will one of the biggest online sale in India till date. According to the leading news agenc…

And the China Banking Regulatory Commission recently changed the rules to limit banks' ability to c…

China's total factor productivity (TFP) growth rates are either close to zero or could have already…

This was more than the amount written off in the previous nine financial years. "The public sector…