Fewer EMI bounces point to drop in loan defaults

Fewer EMI bounces point to drop in loan defaults

Fewer EMI bounces point to drop in loan defaultsMar 17, 2022, 10:36 AM IST

Debit bounce rates on bank accounts hit their lowest level since May 2019, indicating an improvement in the asset quality of banks.

Reliance Capital CEO Dhananjay Tiwari resignsMar 16, 2022, 11:20 PM IST

The debt-laden company promoted by Anil Ambani is undergoing a corporate insolvency resolution process (CIRP) at the Mumbai Bench of the National Company Law Tribunal (NCLT). The Reserve Bank had on November 29, 2021 superseded the board of Reliance Capital Ltd in view of payment defaults and serious governance issues.

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