RBI lays down broad principles for lenders relating to their participation in Government Debt Relief Scheme

The Reserve Bank of India (RBI) has laid down certain broad principles for lenders relating to their participation in Government Debt Relief Scheme (DRS), including sacrifice of interest and/or prinicpal and loan account status. This comes in the backdrop of States announcing DRS to provide relief to borrowers such as farmers during natural calamities or…

Chinese Fraudsters Lure Victims With Debt Relief Schemes

(MENAFN– Live Mint) Similar to the popular South Korean TV series Squid Game, fraudsters in China are eyeing people who are struggling financially amid a slumping Economy by promising prize money, debt restructuring, and unusual schemes. However, Chinese players are taking“self-discipline” challenges to not risk their lives, unlike the series Squid Game, which is set…