The much awaited Credit Information Bureau (India) Ltd was launched on Wednesday with a database of 55 consumer credit records which would help creditors to evaluate risks, reduce incidence of defaults and non-performing assets.
The turning point came with the appointment of Sergio Gor as the US ambassador to India.
Risk assessment platforms are increasingly using diverse data sources to help lenders identify groups attempting to access credit from regulated entities and to improve the process of evaluating new-to-credit (NTC) users.
'Global uncertainty is something which definitely occupies the minds of officials when we are preparing for the Budget.'
This is the first Budget in my memory of Budgets over the last half a century which has embraced upfront, enthusiastically and emphatically, technology, modernity and fiscal sobriety, notes Shreekant Sambrani.
The Enforcement Directorate (ED) has filed a chargesheet in connection with alleged financial irregularities at the R G Kar Medical College and Hospital, naming former principal Sandip Ghosh and others as accused.
'This helps the consumers secure more favourable terms from CIs.'
Credit Information Bureau India Limited has entered into an agreement with 31 leading micro finance institutions to set up a credit information bureau for MFIs.
'Revolving credit without full repayment causes interest to outpace repayment capacity, and leads to financial distress.'
The new US national security strategy signals a retreat from global dominance while reaffirming continuity in India's role in Indo-Pacific security and Quad cooperation, points out former foreign secretary Shyam Saran.
'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.
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.
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.
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.
What is your credit rating and why is it important? Read on to find out...
A US lawmaker and former officials warn that President Trump's policies are damaging the strategic partnership between the United States and India, potentially driving India closer to China and Russia.
'The current strain in the relationship is serious and likely to be long lasting.' 'Even if Trump suddenly changes his attitude toward India -- which he is entirely capable of doing -- it is unlikely that New Delhi will be able to pick up the pieces and respond as if nothing has happened.'
The average Indian worker must labour for an extraordinary 160 full working days to afford Apple's latest iPhone 17 Pro.
'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.
Trump went on to say that "I'm using trade to settle scores and to make peace."
'India is a big market for StanC, and it is also fastest growing economy in the world.'
'Non-BJP state governments and their leaders, navigating today's political landscape, know well they have no clue what awaits around the corner.' 'The chances of charges pressed and oneself getting parked in custody play out on an uneven playing field,' points out Shyam G Menon.
Salakaar is full of heart, and emotionally satisfying, applauds Syed Firdaus Ashraf.
'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.'
There are many advantages if you have a good credit score. You can get loans at lower rates of interest particularly for unsecured loans like personal loans.
Harshala Chandorkar, Senior Vice President -- Consumer Relations, Communication & CIC Compliance Credit Information Bureau (India) Limited (CIBIL), on Monday, August 12, to get answer to all your queries.
Lenders use these scores only as a preliminary filter.
Harshala Chandorkar, Senior Vice President -- Consumer Relations, Communication & CIC Compliance Credit Information Bureau (India) Limited (CIBIL), answers your credit card queries.
Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on Thursday asked banks to mobilise deposits through innovative products and services by leveraging their vast branch network. "Banks are taking greater recourse to short-term non-retail deposits and other instruments of liability to meet the incremental credit demand. "This, as I emphasised elsewhere, may potentially expose the banking system to structural liquidity issues," he said.
Loan defaults are not the only reason why you get a low credit score. Rajiv Raj of CreditVidya.com debunks five popular credit score-myths.
A credit report is an accumulation of all your loan accounts, loan repayment history, and delinquencies, if any.
Credit Information Bureau (India) Limited (Cibil) will now provide customers their credit reports and scores online. Individuals can now access these through a three-step process.
For customers who want to know their individual credit rating scores, buying a credit information bureau's (CIB) report will take just a few minutes. However, trying to clear any lapses in that report could take a month. Besides, almost always, the onus of getting the lapses rectified will remain with the customer.
'The switch can't be shut off by an accidental brush of the hand, but needs effort, conscious physical action to operate it.' 'Was it the software of the aeroplane that caused the switch to turn off?' 'Was it the hardware of the aeroplane?' 'Was it both software and hardware put together?'
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.
Harshala Chandorkar, Senior Vice President -- Consumer Relations, Communication & CIC Compliance Credit Information Bureau (India) Limited will answer questions related to your home loans and CIBIL Credit Score on Monday, August 5 between 3 pm and 4 pm.
All you need to do is fill up an application form available at Credit Information Bureau (India) or Cibil's website, attach a draft for Rs 142 and an identity proof and mail it to Cibil. The company's Managing Director Arun Thukral said that the report would reach you within a week.
The Enforcement Directorate on Thursday continued its searches at places linked to Karnataka Home Minister G Parameshwara as part of the probe into alleged gold smuggling-linked money laundering case against Kannada actress Ranya Rao and others, official sources said.
Most companies inform the employees upfront about the background checks that would be carried out. And a clause is included in the appointment letter of the employees that the final decision will be subject to the results of background verifications.
And get lenders offer you the best possible interest rates on home, personal and car loans.
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