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Zipmex Appoints Restructuring Firm Kordamentha To Work on Recovery Plan

Zipmex, a cryptocurrency exchange based in Singapore, announced on Friday that it has appointed an Australian restructuring firm, KordaMentha Pte, to assist with a recovery plan. KordaMentha will work with Zipmex on how best to reorganize the exchange and preserve its assets. Apart from that, Zipmex revealed that it is in advanced talks with two …

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business travel: Global business travel won’t see full recovery until 2026: Report

NEW YORK: Inflation, supply chain problems and ongoing Covid-19 lockdowns in China are among the factors conspiring to delay a full recovery in business travel to its pre-pandemic level, according to an industry forecast released Monday. The Global Business Travel Association now projects business travel will regain its 2019 level of $1.43 trillion in mid-2026, …

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India on the verge of capex recovery in coming years: Prabhudas Lilladher

India is on the verge of a new capital expenditure cycle recovery with the central government spending big on infrastructure, said Prabhudas Lilladhar, a financial services player. In its latest report, Prabhudas Lilladher said there will be a big capex cycle recovery in India in the coming few years as the …

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Recovery agents cannot humiliate borrowers: RBI

MUMBAI: The RBIhas tightened the guidelines to be followed by loan recovery agents acting on behalf of lenders. The new guidelines bar recovery agents from engaging in public humiliation of borrowers or calling them before 8 am or after 7 pm. Issuing the guidelines, the central bank said that certain recent developments, including growing incidents …

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Loan Recovery Agents Should Not Harass Borrowers For Overdue Loans: RBI

Business oi-Roshni Agarwal | Published: Saturday, August 13, 2022, 12:32 [IST] Amid increasing complaints with regard to unjust recovery policies together with strong-arm practices employed by loan recovery agents, the apex banker-RBI on Friday asked financial institutions that come under its ambit to ensure that recovery agents do not harass borrowers for loan recovery. The …

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RBI Directs Loan Recovery Agents Not To Intimidate Borrowers, No Calling Before 8Am & After 7Pm

Business oi-PTI | Published: Saturday, August 13, 2022, 9:05 [IST] The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it …

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RBI directs loan recovery agents not to intimidate borrowers, no calling before 8am & after 7pm

MUMBAI: The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it has observed that recovery agents are deviating from its …

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RBI directs loan recovery agents not to intimidate borrowers, no calling before 8am & after 7pm

The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including banks, NBFCs and ARCs, Reserve Bank (RBI) said it has observed that recovery agents are deviating …

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RBI asks banks, regulated entities to prevent harassment by recovery agents

The Reserve Bank of India (RBI) on Friday asked banks, non-banking financial institutions, and other regulated entities to ensure that they and their loan recovery agents do not harass people. A RBI circular said the central bank has observed that recovery agents are deviating from instructions for outsourcing of financial services. It …

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This star blew its top and NASA’s Hubble Space Telescope caught the ‘recovery’ awesome image

This star blew its top and NASA's Hubble Space Telescope caught the 'recovery' awesome image

Nasa’s Hubble Space Telescope has captured red supergiant star “Betelgeuse” recovering slowly after blowing its top in 2019. Hubble Space Telescope has captured the bright red supergiant star “Betelgeuse” recovering slowly after it had blown its top in 2019. The star has lost a significant portion of its visible surface causing a massive Surface Mass …

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