TEHRAN, Iran — Iran declared one of the country’s largest private banks bankrupt with its assets absorbed by the state, official media reported Saturday, in a rare move in the country grappling with international sanctions. Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran…
Bank of Maharashtra Labels Reliance Communications Account as Fraudulent scanx.trade Read the original article here
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The Delhi High Court has made it clear that once a final winding up order has been passed against a Company and the Official Liquidator has taken charge, the Company Court is not required to come to the aid of guarantors so as to shield them from recovery proceedings initiated by creditors. A division bench…
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A financial expert has warned that growing desperation is driving South Africans to gamble with money that should be used to pay off debt. This comes as figures show that South Africans spent R1,5 trillion on gambling activities during the 2024/25 financial year — an increase of R400 billion from the previous year. The statistics…
Let’s talk straight: life in South Africa is financially brutal right now. Food prices are climbing, electricity is unpredictable, and jobs are scarce. For many, the pressure is relentless. So when gambling flashes its neon promises, quick wins, instant cash, a way out, it’s tempting. But here’s the truth: gambling is not a financial strategy.…
(Files) Iranians walk past an Ayandeh Bank branch (L) in the capital Tehran on January 14, 2017. (Photo by Atta Kenare / AFP) Tehran: Iran declared one of the country’s largest private banks bankrupt with its assets absorbed by the state, official media reported Saturday, in a rare move in the country grappling with international…
According to the Central Bank of Iran, all branches of Bank Ayandeh transfer to Bank Melli, and depositors are able to receive their banking services at the same previous branches [Getty] Iran declared one of the country’s largest private banks bankrupt with its assets absorbed by the state, official media reported Saturday, in a rare…
Queues, panic, $5bn collapse as Iran’s largest private bank goes bankrupt Punch Newspapers Read the original article here