Banking

Notes from the land of thirst

At a glance, Vaishali’s story is typical of farm widows in the arid region of Marathwada in Maharashtra. After her husband, a farmer from Aurangabad, committed suicide in 2017, devastated by heavy debt and poor harvests, Vaishali had to raise her toddler son. She chose a radically different path. Instead …

Read More »

Charting the road for a bad bank

Over the past decade, the boom in non-performing assets (NPAs) has posed a significant challenge for the Indian banking system. The latest RBI Financial Stability Report (FSR) indicates that by September 2021, the gross NPA ratio (GNPA) of public and private sector banks could reach 16.2% and 7.9% respectively in …

Read More »

CBK in dispute with banks over dividend payment

Economy CBK in dispute with banks over dividend payment Tuesday 23 March 2021 The headquarters of the Central Bank of Kenya. PHOTO FILE | NMG By PATRICK ALUSHULAMore from this author summary A number of bank executives told Business Daily that the CBK, citing economic uncertainty, required a high level …

Read More »

Lenders tighten accessibility for the self-employed

The number of instances where at least one lender is available to meet the loan requirements of self-employed mortgage applicants declined in February, according to the latest MBT Accessibility Index. Data shows that 67% of self-employed cases handled through MBT Affordability had at least one affordability option, up from 71% …

Read More »

Top 100: still no sign of congressional review law

It is March 22, 2021 and welcome to First 100. You can sign up to receive First 100 by email by click here. Leader We are now two weeks old and counting before the window on the introduction of resolutions for the Congressional Review Act closes. I wrote about it …

Read More »

California small homeowners struggle when tenants stop paying

At the start of the pandemic, Brandon McCall’s two tenants experienced financial problems. One was operated on and left on disability, which tightened his purse strings. The other, who works in entertainment, was laid off almost immediately and was not entitled to unemployment as a contract worker. With a limited …

Read More »

The big difference between fair and good credit

While it is widely believed that better credit equates to more opportunities, especially when seeking financing for a massive purchase, such as a home,recent studies have shown that even the most financially savvy consumers are a little confused about credit: what impacts a score, what makes it change and what …

Read More »

Fed vice chairman stresses need to stop new Libor issuance

Law360 (March 22, 2021, 9:52 p.m. EDT) – The Federal Reserve Vice Chairman for Banking Supervision said on Monday that the use of US dollar Libor as a benchmark rate has actually increased in recent years, a trend that he warned “obviously must change” as the benchmark nears his planned …

Read More »