Email a copy of 'Parliament gets tough on Malawi banks, amends CRB Act' to a friend
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Email a copy of 'Parliament gets tough on Malawi banks, amends CRB Act' to a friend
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Unexpected heavy down pour on Monday in Blantyre and the subsequent flooding of Limbe stream forced FDH bank to remain...
Kaya zanu izo.Ine chomwe ndaonapo ndi ma hipwo!
Can anyone give me the contacts of this lady ?I want to send my daughter to her to be taught how to be strong like her.She is a rare breed.Is she married?
as loan client we have the right to confidentiality and it does not make sense for my info to be given to someone
Just my two Kwacha worth of a comment here as I have noted some of my esteemed Malawians who have commented earlier on this topic The credit bureaus play a vital role in any economy and for once I think our govt must be commended for this. Its very crucial to have independent credit references bureaus as that will always assist credit providers to properly assess the risk each applicant present ri and affordability levels. The challenge we have there now in Malawi is that almost everybody is painted with the same brush when it comes to pricing instead of… Read more »
CRB s mudzilipiratu misonkho
The Reserve Bank of Malawi is also to blame. It is toothless. They are not tough enough. Parlaiament should also summon RBM to find out why they are not enforcing the law.
This article will not attract a lot of comments as it is too technical for most of the audience here. As important as it is. Most do not realise the implications of the amendment to the CRB Act. Basically unscrupulous borrowers cannot be allowed to borrow if their history is shared. Defaulters will be known if such information is shared. Unfortunately most Malawians will have commented if the article headline were: “Hubby’s dick chopped by wife while caught bonking a housemaid” “Minister caught pants down in a hotel room” “Pastor caught with another man’s wife shouts touch not the annointed… Read more »
This is good news because banks have made profits by circulating bad debts without making provisions. Ndiye apatu nyani agwa mumtengo. Banks hate this Mwase Lady and she has been boarding minibuses because of lack of business yet she was the first one in Malawi to do debt tracing etc. Banks preferring foreigners. Can you imagine that. A Malawi nsanje maningi stereki.
Mwaziona mpungwepungwepaka ku ma Bank?whats the justification imposing penaly k25m kenaka rbm kukahonga politician? Crazy this is banks shud manage their own credit unit non of nuziness ya crb…who owns crb and why dp we need it?
Local councils do not have the capacity to comply. Another white elephant