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The biggest acquisition deal in India’s digital payments sector has been called off, apparently over its $4.7 billion valuation. Why Prosus terminated a $4.7 billion fintech takeover deal in ...
Investor Prosus NV said on Monday a $4.7 billion deal to buy BillDesk, which would have been one of the largest in India's financial technology sector, was "terminated", saying conditions of the ...
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An October 2024 Credit Access Survey by the Federal Reserve Bank of New York revealed that the rate of credit card applications increased by 28.6% in 2024, with a rejection rate of 22.2%.
Public Credit Registry (PCR), created by the Reserve Bank of India, is a public digital registry to capture and store financial information of borrowers in India, both existing and new borrowers. The credit registry will collate the borrowing history of both individuals and corporate borrowers.
Universal default is a now-banned practice in the United States financial services industry whereby a creditor would change the terms of a loan from the normal terms to the default terms (i.e. the terms and rates given to those who have missed payments on a loan) when that lender is informed that their customer has defaulted with another unrelated lender, even though the customer has not ...
Late payments will be reported to credit bureaus: Defaulting on a loan can result in negative marks on your credit report and score. This, in turn, will drag down your score for up to seven years.
India's Enforcement Directorate has begun attaching assets of the accused and is seeking to immediate confiscation under the Fugitive Economic Offenders Ordinance. [3] Nirav is on the Interpol's wanted list for criminal conspiracy , criminal breach of trust, cheating and dishonesty including delivery of property, corruption and money laundering ...