Tag: banking

Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery

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Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery

Now residents say Israel’s offensive in Rafah has dried up supplies again and stoked prices. Cairo/Geneva/Berlin: A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and…

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World

Data | Bad loans at a record low, but write-offs still in the mix

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Data | Bad loans at a record low, but write-offs still in the mix

Between 2016 and 2019, the NPA ratio remained high. It began to decline later and continued to do so even during the pandemic. Just four years ago, Indian banks’ non-performing assets (NPA) ratio was the worst among most emerging economies. NPAs are bad loans which the borrower is not in a position to repay at…

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Business