Bloomberg The Reserve Bank of India (RBI) eased rules to give lenders laden with bad debt more time to resolve delinquent accounts and lifted a deadline for pushing defaulters into bankruptcy courts. The directive, which also covers shadow banks, gives lenders 30 days to review a delinquent account and a further 180 days to implement a resolution plan, loosening the ...

Bloomberg Retail banks have been slower to embrace blockchain technology and face greater challenges in reaping its potential benefits than their more adventurous co-unterparts in investment-banking world, according to new research from McKinsey & Co. Headwinds for retail lenders to adopt a shared system of distributed computer ledgers to manage day-to-day activities include a tougher regulatory environment for consumer finance ...

Bloomberg The Bank of Japan (BOJ) will lower its short-term interest rate to -0.3 percent from -0.1 percent in September to head off risks posed by an expected Federal Reserve rate cut, JPMorgan Chase & Co. said in a research note. Fed cuts are now expected in September and December after escalating US-China trade tensions have raised the risk that ...