The National Assembly’s Committee on Education raised concerns on July 15, over the growing number of graduates with unpaid loans at the Higher Education Loans Board (HELB), amounting to KSh33.2 ...

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The alarmingly low recovery rate from the Insolvency and Bankruptcy Code (IBC) process, recently estimated at just 31 per cent, is closely tied to the flawed way banks calculate their “haircuts”.

Mahindra and Mahindra Financial Services said on Wednesday the Reserve Bank of India lifted curbs placed on the company last year that prevented it from using third-party services for loan recovery.