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INDIA CREDIT WORTHINESS
Unified Lending Interface is a good start. Now comes the hard partIndia's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.
India’s real estate sector may need Rs 50 lakh crore capital over next decade: ANAROCK CapitalIndia's real estate sector needs Rs 50 lakh crore capital over the next decade to reach a $1 trillion market by 2030. The financing ecosyst...
Banking panel to tackle PSUs' balance sheet constraints, boost capital use: DFS Secretary M NagarajuA new committee will examine public sector banks' capital needs. India aims to boost its corporate bond market, allowing more companies acc...
Banks play safe on lending to airlines after Go Air bumpCredit worthiness of the sector was improving after Tata Group increased its presence in the sector acquiring Air India and with strong per...
India's credit worthiness stable compared to negative outlook for the world, says Moody'sThe credit worthiness outlook for sovereigns in the Asia-Pacific (APAC) region, including India for 2023 is stable as compared to the negat...
India's 112 most under-developed districts becomes credit-worthyMicrofinance portfolio outstanding in 112 of such districts stood at Rs 28,737 crore at the end of June, compared with Rs 11,175 crore as j...
Industry confidence hit all-time low during April-June quarter: Care RatingsThe CICI hit a nine-quarter low of 58 out of 200, continuing a largely declining trend since its inception during the first quarter of FY19...
India's rating could come under pressure if fiscal outlook deteriorates: FitchFitch had in December 2019 reaffirmed India's 'BBB-' rating with a stable outlook.
IBBI puts in place strict norms for resolution plan approvalThe amendments related to the corporate persons resolution process has been made amid rising number of cases being filed under the insolven...
ET in the Classroom: Why a digital footprint is crucialMost non-banking finance companies that are aggressively pushing into the retail lending space, use their customers' digital footprints to ...
Learn with ETMarkets: Why a digital footprint is crucialWith a majority of the youth not having any credit history, banks are exploring alternate sources to take an informed lending decision.
CIBIL may soon give one free credit report a yearResearch data based on CIBIL's data analysis indicates that 79% of loans and credit cards were approved for individuals who had a credit sc...
Social media and digital transactions may soon determine your Cibil scoreCibil would launch a new product which would give banks some information regarding lending to first-time borrowers.
Pay all your bills on time to get more credit, suggests RBIAt present, when a borrower seeks a personal loan or a credit card, the lending institution checks his credit score from credit information...
Experian launches special credit scorecard for first-to-credit customersCredit scores provide the end-user with a summary of the overall credit behaviour of an individual, using historical data and advanced stat...
Economic reforms positive for India's credit worthiness: FitchThe recent slew of measures, including FDI in retail and diesel price hike, will support India's long-term growth prospects, said Fitch.
- Clear your dues before taking job interviews
Do you have a job interview slated for next month? Make sure that all your credit card bills are cleared and there are no pending loan inst...
- Nuclear deal may boost India's ratings in financial markets
Signing of the nuclear deal with the US may boost in the global financial market India's credit worthiness which, otherwise, faces prospect...
- Bank of Maharashtra signs MoU with credit rating agencies
Bank of Maharashtra has entered into a Memorandum of Understanding (MoU) with all the four credit rating agencies registered with the Secur...
- Credit scores to help poor get bank loans
Small borrowers, who do not have any income statement to prove their repayment ability, can look forward to receiving bank loans based on t...