interest payment

Is your bank taking you for a ride over loan taken? From October, look for this key metric

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Is your bank taking you for a ride over loan taken? From October, look for this key metric

Borrowers will have more clarity on their loan costs with the help of key facts statement (KFS) to be issued by banks and non-banking financial companies (NBFCs) from October 1.  The Reserve Bank of India (RBI) directed banks to provide borrowers with an annualised percentage rate (total cost of loan) to enhance transparency and empower borrowers to make … Read more

Explainer-China’s embattled developer Kaisa Group and the chairman behind it

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Explainer-China’s embattled developer Kaisa Group and the chairman behind it

After cash-strapped developer China Evergrande Group once again averted a destabilising default this week, investor focus is shifting to other Chinese developers with offshore payments coming due, especially Kaisa Group . Kaisa has more than $59 million in interest payments due on Thursday and Friday, with 30-day grace periods for both. It was not immediately … Read more