September 2020

Chad has asked Glencore to halt payments on its oil-for-cash loan this year, a move that could set a precedent for private creditors fearing they will be dragged into a global drive to ease the debt of poor countries. After securing a $ 61…

The country's second-largest lender, the Punjab National Bank (PNB), raised its Pension Index Borrowing Rate (RLLR) by 15 basis points (bps) to 6.80%. All new retail loans (housing, education, vehicle, MSME credit are tied to RLLR.…