The Reserve Bank on Monday permitted banks to allow minors above the age of 10 years to open and operate savings/ term deposit accounts independently. The Reserve Bank of India has issued revised instructions on opening and operation in the deposit accounts of minors.
Outright fear and lack of awareness can harm your CIBIL score
'Mera plan hain aap logon ko itna daraungi, itna daraungi ki matlab bas band bajne wali hain.'
Getting married has no direct bearing on the credit score of either of the spouses. However it does impact the financial situation and may sometimes impact the credit score of any individual indirectly due to the action of the partner.
If you are wondering what all this is about and why should your wife need an independent score then read on to find out.
Indian GM Aravindh Chithambaram did not see any change in his fortunes in the blitz section and had to be content with a tie for seventh place in his maiden outing in the GCT.
Jasprit Bumrah emerged as the lone bright spot with a record haul of 32 wickets.
To provide more choices to customers, the Reserve Bank of India has suggested mandating bank and non-bank card issuers to issue debt, credit and prepaid cards on more than one network. Customers can choose any one either at the time of issue of the card or anytime later, according to draft norms released by the Reserve Bank of India on Wednesday. The RBI said card issuers would also be barred from signing agreements that limit their ability to tie-up with other card-networks, according to the draft.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
The Reserve Bank on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans, a move aimed at making the lenders more cautious on such advances. The risk weight on unsecured consumer loans has been raised by 25 percentage points. The new regulations, however, will not be applicable on housing loans, education loans, vehicle loans and loans secured by gold and gold jewellery, the Reserve Bank said in a circular.
'I had not even realised I had done almost 100 films.'
I didn't look at this IPL as 'make or break' season, says R Sai Kishore
Stopping SIPs during a downturn undermines the benefit of rupee-cost averaging.
It is usually seen that borrowers fail to understand the intricacies of the credit system resulting in heavy debt, sometimes to the point of bankruptcy.
Kishore Singh's encounters with post 8/11 India.
Do you know what is 'credit repair'? And how to go about it?
Global credit card major Visa International on Friday unveiled its 'Visa Smart Program' in Asia Pacific region including India.
Refusing to share her exact concerns, Mary Kom said she would rather discuss them in the meeting with Mandaviya and BFI top brass.
'I wish they'd checked the bats when I was playing.'
Card protection through insurance is a good idea, but stringent guidelines make it quite unattractive.
Personal loans and credit card loans provide quick access to money when it is urgently needed, but they also carry risks for borrowers.
Plastic counterfeiting and frauds have increased at an alarming rate. So how do you protect yours from being misused?
Correct your friends the next time they try to scare you; offer them tips on how they can improve their credit scores if they are poor borrowers
The advisory has asked government staffers to delete such an e-mail if received in their inbox.
State Bank of India partnered GE Capital in 1998 for its credit card business.
The Indian card processor - used in the heist on December 21, 2012 - was ElectraCard Services, which is based in Pune, India.
Bihar Chief Minister Nitish Kumar on Sunday snubbed the Rashtriya Janata Dal, headed by his arch-rival Lalu Prasad Yadav, stating that he had forged alliances 'by mistake' with the opposition party which 'did nothing' while in power.
The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid on the increase in such activity. The proposal, which is a part of the recommendations made by a working group formed by Irdai and the General Insurance Council, suggests that insurance frauds should feature when the risk profiles of individuals are evaluated and should be used to calculate their credit scores. A poor credit score can deprive a person of financial services such as loans and credit cards, and deter him from indulging in fraud.
Bisht used the fake profiles to connect with women aged between 18 and 30 years on various onlione dating platforms.
If you want to apply for a job at State Bank of India (SBI), any default on loans or credit card payment will render your ineligible.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, the largest private-sector lender of the country, has just completed his first term. The period October 2020-October 2023 was a roller coaster, and the second one, which started on October 27, could be more interesting as the lender absorbs the impact of the merger of HDFC, which was integrated on July 1, and moves to the next growth phase. Soon after he took over the reins from Aditya Puri on October 27, 2020, the Reserve Bank of India (RBI) debarred HDFC Bank from enrolling new credit card customers and launching new products under the Digital 2.0 programme due to repeated outages on its mobile-banking and internet-banking platforms.
Private banks' net profit grew 26.3 per cent year-on-year (Y-o-Y) to Rs 48,982 crore in the first quarter ended June 2024 (Q1FY25) owing to healthy growth in credit and other income. The gross non-performing assets (GNPAs) increased with the end of dispensation granted during the pandemic, according to the data compiled by BS Research Bureau for listed 18 private banks.
'Sushant Singh Rajput threw Rhea Chakraborty out of his house six days before he died.'
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
An error does not become a mistake until you refuse to correct it. Errors in your CIBIL credit report can become costly mistakes if you do not rectify them in time. So next time you get your CIBIL report, do not just see the score and tuck it away.
