Of the forty six licensed financial companies in Sri Lanka, 15 are presently going through liquidity points, with six at a high level of distress with Non Performing Loans starting from 50 to 90 p.c, the International Monetary Fund (IMF) revealed in a latest report.
During World War II, Roosevelt converted the RFC from a recovery agency to a wartime agency. The RFC and its wartime subsidiaries, together with the Rubber Reserve Company, the Defense Plant Corporation, and the War Damage Corporation, handed out $40 billion in loans in the course of the conflict. The massive defense buildup lastly generated the elusive financial recovery.
Treating customers pretty when gathering debts: The Bureau will assess whether auto finance companies are utilizing illegal debt collection ways. The Bureau shall be looking to make sure that collectors are counting on accurate info and utilizing legal processes once they accumulate on debts. The Bureau … Read more