Tag Archives: lending

China online finance regulator tells unqualified micro-lenders to stop lending

BEIJING (Reuters) – The National Internet Finance Association of China issued a risk warning letter late on Friday telling “unqualified institutions” to immediately stop offering loans as Beijing steps up a crackdown on the micro-loan sector to fend off financial risks. The 1 trillion yuan ($151.5 billion) short-term, unsecured lending sector, known as “cash loan” in China, has been accused ... Read More »

Govt plans lending reforms as bankers fear new bad debt crisis

India’s near $147 billion pile of soured loans is replete with examples of powerful and politically connected businesses who are accused of undermining rules to secure credit and then defaulting on loans. Photo: Mint New Delhi: Weeks after India unveiled a $32 billion bailout of state-run banks, top finance ministry officials and bankers will meet this weekend to discuss lending reforms ... Read More »