Cosmetics Brand Revlon

Photo: Revlon, Inc

Cosmetics Brand Revlon Considering To File For Bankruptcy Owing To Massive Debts

Revlon Inc., a major worldwide cosmetics corporation, is preparing to file for Chapter 11 bankruptcy due to a large financial debt burden and supply chain issues. The negotiations are ongoing, but the decision is not final, and the approach might change. Revlon stocks dropped 53 percent in a single day on June 9. The company's sales have supposedly been declining since before the Covid-19 outbreak. 

Sat, 11 Jun 2022 - 08:31 PM / by Vidhi Jhunjhunwala

Tags: Cosmetics Brand, revlon, BANKRUPTCY, Debts, Covid-19

Courtesy: DNA India


Photo:IB Times India

Debt-Ridden Weaver, His Wife and Son Commit Suicide: Andhra Pradesh

A weaver, his wife, and their son killed themselves after they were unable to repay their loans on February 1, in Andhra Pradesh. The family suicide pact was due to the high interest on the loans they had taken. The dead bodies are shifted to the government hospital for postmortem. As per the Police, a case will be registered for the same, and the harassment angle will be investigated.

Tue, 01 Feb 2022 - 04:44 PM / by Shaloo Priya

Tags: Family, Suicide, LOAN, Debts, Police

Courtesy: India Today

Representational Image of Disaster

Photo: The Statesman

Climate Change Induced Factors Pose Risk On Indian Banks' $84Bn Debt

A recent report revealed that extreme weather poses a risk of over Rs 6.19 trillion at the Indian banks. The report cites major allocations by the banks to cement, coal, oil and power sector business which face peril of being affected by climate change induced cyclones, floods etc. Moreover, listing the proportional effects of erratic weather and eco-sensitive business on loan repayments, the study exposed the over-reliance and climate… read-more

Wed, 03 Mar 2021 - 01:23 PM / by Neha Sanjeev

Tags: CDP, STATE BANK OF INDIA, Climate Change, Debts, Axis Bank

Courtesy: NDTV

Representative image of RRB

Photo: Banking Frontiers

Regional Rural Banks Face 3 Times Higher Loss Than Previous Fiscal Year

National Bank for Agriculture and Rural Development informed that Regional Rural Banks faced a net loss of Rs 2,206 crore in fiscal year ended March, 2020. Reportedly, the loss is 3.38 times higher than FY19, which was Rs 652 crore. It also revealed RRBs witnessed a growth of 8.6% in their business as compared to 9.5% in FY19 and their outstanding loans stood at Rs 2.98 lakh crore for FY20.

Sun, 04 Oct 2020 - 03:28 PM / by Mahadevan K V

Tags: NABARD, RRB, Loans, Debts

Courtesy: Deccan Herald