Last Updated : GMT 09:40:38
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Themuslimchronicle, themuslimchronicle
Wednesday 13 August 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

banking system

India hunts for solution to bad-debt crisis as measures fail

Themuslimchronicle, themuslimchronicleIndia hunts for solution to bad-debt crisis as measures fail253154/84
Mumbai - Arab Today
If at first you don’t succeed, try, try, try and try again. Indian policy makers appear to have adopted the mantra as they mull setting up a state-run fund manager to resolve stressed assets in the banking system after numerous efforts to fix the problem failed. A "Public Sector Asset Rehabilitation Agency” will help deal with the soured-debt problem thatRead more

Italy reviews new electoral law as old problems pile up

Themuslimchronicle, themuslimchronicleItaly reviews new electoral law as old problems pile up233338/37
Rome - Arab Today
After a turbulent first month in office, Prime Minister Paolo Gentiloni could learn this week how much longer his government might last when the constitutional court reviews the validity of Italy's election law. An unambiguous ruling offering a simple solution to Italy's electoral tangle could open the way for an early ballot by June. A more convoluted reading would certainlyRead more

Russia needs 3-5 years to have healthy banking industry

Themuslimchronicle, themuslimchronicleRussia needs 3-5 years to have healthy banking industry207342/90
Moscow - Arab Today
Russia needs three to five years to create a robustly operating and well capitalized banking system without criminal activity and misleading accounting, Deputy Central Bank Gov. Vasily Pozdyshev said. With the appointment of Elvira Nabiullina in 2013 as the central bank’s governor came stricter banking regulation and a serious crackdown on banks that are poorly managed and undercapitalized. The clean-upRead more

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