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IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows

Recently, the lender sold a commercial building for Rs 9 billion, taking the total non-core asset sales to over Rs 41 billion in FY18.....»»

Category: topSource: business-standardApr 12th, 2018

Tougher payday loan rules issued by consumer protection bureau to remain in place ... for now

New, tough nationwide regulations on payda.....»»

Category: topSource: latimesMay 17th, 2018

Tougher payday loan rules to remain in place, for now

Tougher rules governing the payday lending industry, finalized during the final weeks of an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain in place after Congress allowed a deadline to overrule them pass......»»

Category: topSource: foxnewsMay 17th, 2018

As gig economy grows, lenders reluctant to relax income rules

Most U.S. mortgage lenders are not ready to relax income rules even as more Americans become part of the so-called gig economy, and banks are excluding income from this work on loan applications, a survey released on Wednesday showed......»»

Category: topSource: moneycentralMay 16th, 2018

NPA provisioning to hit PNB results; to report loss of Rs 27 billion in Q4

Fraud-related provisioning besides RBI's new NPA rules to hit the bank sharply.....»»

Category: topSource: business-standardMay 15th, 2018

Beware a lending freeze: PSBs need a structural change in loan-giving

Initial optimism about the speed of the asset recovery programme under the new code now seems unwarranted.....»»

Category: topSource: business-standardMay 14th, 2018

Deducting home loans interest is trickier under new tax rules

If you are looking to take a mortgage or home equity loan, you need to know how the tax changes may impact you.....»»

Category: topSource: moneycentralMay 14th, 2018

Deducting home loans interest is trickier under new tax rules

If you are looking to take a mortgage or home equity loan, you need to know how the tax changes may impact you.....»»

Category: topSource: moneycentralMay 14th, 2018

The Best Schools For Under $20K By State

Here’s a fact: more than 70% of college graduates carry student loan debt, and the average debt burden stands at $37,172. A surprising new study reveals that the problem affects millennials.....»»

Category: blogSource: valuewalkMay 9th, 2018

A professional should focus on the job, says ICICI Bank MD Chanda Kochhar

we will continue to focus on resolution and recovery, for which we may get some write-back, in addition to reducing our concentration limits, and reducing the corporate loan book, said Chanda Kochhar.....»»

Category: topSource: business-standardMay 7th, 2018

Easier bond market rules for FPI cheer public-sector bank stocks

Bond yields could slip, easing mark-to-market provisioning pain for banks; housing finance companies can access foreign borrowings.....»»

Category: topSource: business-standardApr 30th, 2018

RBI firm on new NPA rules, says cos should not take loan contract casually

The deputy governor said even some highly rated borrowers had failed on the one-day default norm.....»»

Category: topSource: business-standardApr 18th, 2018

Guggenheim: Not Too Soon to Think About Defaults and Recovery Rates

Guggenheim Investments high-yield and bank loan outlook for the month of April 2018, titled, “Not Too Soon to Think About Defaults and Re.....»»

Category: blogSource: valuewalkApr 13th, 2018

Demonetisation effect: Microfinance NPAs remain elevated in many states

Another cause can be traced to the loan waivers announced by these state governments.....»»

Category: topSource: business-standardApr 11th, 2018

PSBs made Rs 3.79-trn provisioning for bad loans from Mar 2014-Jun 2017

Gross NPAs of PSBs, as on March, 2015, stood at Rs 2.67 trillion and increased to Rs 6.89 trillion as on June, 2017.....»»

Category: topSource: business-standardApr 6th, 2018

How The GDPR"s Data Portability Rules Could Affect Client Churn

Last month, the U.S. read more.....»»

Category: blogSource: benzinga1 hr. 22 min. ago

Fewer parents raiding retirement funds to pay for college

It's one of the cardinal rules of savings for parents, yet many pay it little heed: Don't raid your retirement accounts to cover your child's college tab. .....»»

Category: topSource: moneycentral1 hr. 23 min. ago

A huge European security regulation that affects many U.S. companies takes effect this week

Small businesses, nonprofits, research firms and solopreneurs – wherever they’re located – are also subject to these rules......»»

Category: topSource: washpost1 hr. 23 min. ago

Uber"s New Rules on Arbitration for Sex-Related Claims Face First Test

A former Uber Technologies software engineer is suing the ride-hailing firm alleging years of sexual harassment, race discrimination and pay inequity, marking the first test of the company’s new policy for sex-related claims......»»

Category: smallbizSource: wsj3 hr. 38 min. ago

Starbucks just broke one of the biggest rules in the restaurant industry — and it reveals a huge problem for the coffee giant (SBUX)

Shutterstock/Savvapanf Photo Starbucks has a new policy that allows people to hang out in stores and use the bathrooms without making any purchases.  Starbucks is changing it.....»»

Category: topSource: businessinsider4 hr. 8 min. ago