If you do not overspend, we advise you to get yourself a credit card. It will open up a whole new world of benefits.
Prime Minister Narendra Modi is likely to address the UN General Assembly in September. The session will address global conflicts and trade negotiations between the US and India.
The Credit Information Bureau (India) Limited (CIBIL)can now generate a copy of your credit history and payment default reports at the click of a mouse. Borrowers will now have to tidy up their payment history.
At the same time there were few complaints about the wrong reporting of credit information to the Credit Information Bureau (India) Ltd, which was taken up by the RBI with the concerned bank for redressal, minister of state for finance Namo Narain Meena told the house in a written reply.
This central registry will help banks, financial institutions and non-banking finance companies get mortgage details of consumers before issuing loans against property. The personal loan score will provide details on the likelihood of customers becoming 91 days delinquent on a personal or consumer loan over the next 12 months. It will range between 300-900, indicating the levels of default. A home loan repository and a fraud repository will also be launched soon.
'India is a big market for StanC, and it is also fastest growing economy in the world.'
If variation is over 50 points, write to the bank and bureau immediately to correct the discrepancy
Did your bank ever reject your loan application because you were reported falsely for having bad credit history? Tell us.
'Are elections still fair in India, or are we all witness to a macabre style of 'selection' of lawmakers? The jury will be out on this for a long time because there is no definitive evidence on either contention, at least as yet,' notes Nilanjan Mukhopadhyay, author, Narendra Modi: The Man, The Times.
In the last 11 years, India and the world witnessed what he stood for, what he promised and did not deliver, and what he actually stood for and practised without fearing how history would judge him. Modi's tenure has been punctuated with headline-grabbing decisions, symbolic gestures, and stage-managed moments that continue to define his leadership and India's politics, points out Ramesh Menon.
Prime Minister Narendra Modi criticized the RJD's past education policies in Bihar, attributing migration to the state's poor education system under their rule. He praised the current NDA government's efforts to improve education and development, launching several initiatives focused on youth skilling and education in the state.
When you apply for a loan or a credit card, lenders call for a copy of credit report from Cibil before considering your case
On the consumer front, CIBIL is working towards simplifying the process of fetching credit scores -- it is tying up with a payment gateway which will help individuals fetch theirs scores online by making an online payment.
Middle class Indians have grown up with the belief that living on credit is essentially a bad thing. You are in trouble if you think the same, cautions Rajiv Raj
'Trump is likely being purposefully vague, hoping that this lack of clarity will pressure India, fearing the worst, to agree to scale back its imports of Russian oil.'
The minister said RBI maintains a list of non-suit filed borrowers of banks and financial institutions, while CIBIL had a database on suit-filed accounts of Rs 1 crore (Rs 10 million) and above.
'Personalities are temporary, policies provide for stability.' 'With the former, when personalities change so does the nature of the relationship.' 'Policies and structures, on the other hand, are idiot-proof, as well as maverick-resistant,' explains Saisuresh Sivaswamy.
The average Indian worker must labour for an extraordinary 160 full working days to afford Apple's latest iPhone 17 Pro.
'Don't play the American game... India is too big for a US game.'
The average size of auto loans stood at Rs 512,000 in the third quarter of 2012, compared to Rs 425,000 in the year-ago period.
Credit cards are no angel or devil. Spending habits and personal finance management make it what it appears to be. Let there be no illusion, think real, be wise.
A bad credit score in general is seen as an irresponsible behaviour of an individual. Inability to pay on time reflects that the person is not capable of take care of things.
In order to be eligible for a loan when you really need one, it is imperative to maintain a good credit score. By having a good mix of debt and servicing it regularly, you can maintain a good credit score and be loan ready at all times.
The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
Banks would soon be able to determine whether a property is already mortgaged when a borrower approaches them for a loan against it and this would help in checking the increasing instances of housing loan frauds.
You can gift your sister a Women Special Credit Card, which is not only loaded with exciting rewards for women, but they are also your sister's first step towards a better credit management.
Here are some very important credit gyaan you wish you had got from your parents
Sacrifice these common misconceptions to improve your credit score this Eid
More credit bureaus to ensure faster dispute resolution.
Too much unsecured loan can harm your CIBIL rating.
India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.
While you can always correct them, the sooner you do it the better it is for you, says Sanjay Kumar Singh
Do you know what is 'credit repair'? And how to go about it?
Here are 5 ways you can get a credit card even if you do not have a job.
If used without much care credit cards can become debt traps. But there are ways to use them to your advantage, says Rajiv Raj
The Reserve Bank of India on Thursday said the newly operationalised Credit Information Bureau (India) Ltd will publish a list of defaulters of Rs 1 crore (Rs 10 million) and above.
Here's how to get out of this situation without hurting your CIBIL score.
Let the festivities and celebrations begin; get yourself a credit card this Onam. Shop with it, earn reward points, make your family happy but remember to never go overboard or miss your payments, says Rajiv Raj
