The recovery of loans from small defaulters is higher than those owing large loans, according to the findings of a probe by a parliamentary standing committee. The parliamentary committee on estimates also found that small defaulters put up with more collateral while securing loans compared to larger borrowers. For all latest news, follow The Daily … Read more
Economy Counties with the worst loan defaulters exposed Friday November 18 2022 Central Bank of Kenya (CBK) Governor Patrick Njoroge. PHOTO | DIANA NGILA | NMG Drought-hit Marsabit, Garissa, Samburu and Isiolo counties have the highest proportion of borrowers defaulting on credit, including dues owed to shopkeepers and shylocks. The rates of default in the … Read more
NEW DELHI/BERNE: India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries. Officials said the new details shared with India pertain to “hundreds of financial accounts”, … Read more
Economy How Helb lost potent weapon against defaulters Friday August 26 2022 Student loan beneficiaries at Helb offices in Nairobi. FILE PHOTO | NMG The High Court’s decision to stop the Higher Education Loans Board (Helb) from imposing interests and fines exceeding the principal amount has taken away the agency’s biggest weapon against defaulters even … Read more