Wildfire smoke in Canada leads to rescheduling of MLB and MLS games
Wildfire Smoke Causes Orange Skies and Poor Air Quality Across the US Smoke from roughly 900 wildfires burning in Canada is resulting in hazardous air quality and unsettling orange skies in the Midwest and Northeast. Correspondent Katie Byrne is providing updates from Cleveland, highlighting how cities such as New York, Boston, and Washington, D.C. are […]
BB relaxes rules for loan rescheduling as default risks increase
A new directive has been issued by the Banking Regulatory Policy Department (BRPD). In an effort to support struggling industries, Bangladesh Bank has relaxed the conditions for loan rescheduling. Now, borrowers facing difficulties can prepay only half of the required down payment, which amounts to 2% of the loan balance, and can settle the remaining […]
Bank Asia takes steps to address bad loans by injecting equity after questionable rescheduling.
Asian Banks Tackle Bad Loans with Capital Injection and Collateral Asian banks are actively addressing the issue of bad loans by requiring borrowers to provide capital, additional collateral, and well-structured repayment plans, rather than simply allowing for flexibility in rescheduling. This disciplined approach aims to mitigate risk effectively. Sohail R K Hussain, the managing director […]