restructuring

RBI cracks down on wilful defaulters; units out procedures for lenders, too

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The Reserve Financial institution of India on Tuesday stated identification of wilful default needs to be made conserving in view the monitor document of the debtors and shouldn’t be selected the premise of remoted transactions/ incidents even because it prescribed stringent penal measures, together with bar on extra credit score and restructuring, in opposition to … Read more

Simpl sees one other spherical of layoffs, rejigs senior management

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Purchase now pay later (BNPL) start-up Simpl has let go of 30 extra workers a month after it laid off 160 individuals. Not too long ago, the agency has additionally seen the departure of senior executives, together with Vatsal Jain, Vice-President – Enterprise Enterprise; Ashwini Ravindranath, Vice-President – Accomplice Success; and Ramkumar Narayanan, Vice-President – … Read more