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That has led to a slow down in corporate credit demand and also caused a surge in bad loans. Prospects of the economy growing faster this financial year have raised hopes that this will help to curb additions to bad loans and also improve.

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About 40 percent of Indians have little access to formal banking channels yet industry analysts question the need to have more than two dozen. to help banks recover bad loans more quickly.

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But the spat existed within a cyclone of bad news—the recession. A judge who’s overseeing the Yellowstone bankruptcy sided with creditors in calling the Credit Suisse loan ‘predatory,’ and during the proceedings the loan was reduced from.

Those with a chequered credit history could find it more difficult to obtain credit this year, or pay a higher rate of interest, with the Turnbull government forcing the big banks to join the comprehensive reporting regime. Credit agencies have.

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With several national studies showing rapidly rising child-care costs, maybe New York City is smart to offer low-interest daycare loans to parents of toddlers. The pilot program is the first of its kind in the country and, through a local credit.

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