On January 30, the RBI filed an application before the NCLT in New Delhi to initiate the CIRP under Section 227 and clause (zk) of sub-section (2) of Section 239 of the Insolvency and Bankruptcy Code (IBC) and the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (FSP Insolvency Rules).

During the course of the hearing on February 14, Senior Advocate Arun Kathpalia, who appeared for RBI, contended that the central bank suspects funds to the tune of ₹1000 crore had gone missing from Aviom. 

Earlier in January, the RBI had superseded Aviom India’s board of directors and filed a plea to initiate insolvency proceedings to protect…

Changes are coming into motion after the recent announcement that the government will be looking into lending regulations to allow Aussies with HELP debt to take out home loans.

Treasurer Jim Chalmers announced the update to HELP debt guidance on 13 February, saying that ASIC and APRA will be updating lending rules to allow for those with student debt to “responsibly take out a mortgage and buy a home and also unlock the construction of more units.”

Now, APRA has released a letter that clarifies the changes, expected to take effect from 30 September 2025. According to the regulator, the reforms will apply to all deposit-taking institutions.

The proposed adjustments are:

• Removal of HELP debt from DTI…

In a bid to improve clarity for banks and borrowers on rules and guidance governing HELP repayments, the regulator wrote to banks on Thursday (20 February) seeking feedback on the following adjustments:

• Removing HELP debts from debt-to-income reporting.
• Clarifying that banks may exempt a loan applicant’s HELP debt from their serviceability assessment in cases where a borrower is expected to pay off their HELP debt in the near term.

Subject to feedback, APRA expects the final changes to be formally incorporated into APRA’s…

Nikola has officially filed for bankruptcy and plans to sell off its assets. This is another victim of the unstable electric vehicle market, where startups face low demand, financial difficulties, and rapid spending.

Nikola has had a difficult journey, including numerous management changes, a falling stock price, and accusations from stock market…

MYRTLE BEACH, SC (WMBF) -It’s Wealth Wednesday, and we’re talking all things debt with Carolina Wealth Advisors!

They’re breaking down the difference between good debt (the kind that helps you) and bad debt (the kind that holds you back).

Plus, they’ve got tips on paying it down while still saving money.

Don’t miss these expert insights to help you take control of your finances.

For more information on Carolina Wealth Advisors, you can visit their website here.

Grand Strand Today airs weekdays at 11 am on WMBF News.

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Changes are coming into motion after the recent announcement that the government will be looking into lending regulations to allow Aussies with HELP debt to take out home loans.

Treasurer Jim Chalmers announced the update to HELP debt guidance on 13 February, noting that ASIC and APRA will be updating lending rules to allow for those with student debt to “responsibly take out a mortgage and buy a home and also unlock the construction of more units.”

Now, APRA has released a letter that clarifies the changes, expected to take effect from 30 September 2025. According to the regulator, the reforms will apply to all deposit taking institutions.

The proposed adjustments are:

• Removal of HELP debt from DTI…