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CREDIT WORTHY BORROWERS
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.
Lending money to friends or relatives? Why guaranteeing loans and personal lending can put your finances, credit score, and goals at riskWhen a friend or a relative asks you for a personal loan, always seek time. There is no need to feel pressurised to respond immediately. So...
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...
CIBIL broadens MSME scoring methodology to help lenders assess credit worthiness of borrowersTransunion Cibil has enhanced its MSME scoring. This helps lenders assess credit worthiness better. The new model analyzes 36 months of cre...
Avoid taking loans from microfinance institutions: Assam CMAssam Chief Minister Himanta Biswa Sarma urged women in the state to avoid taking loans from microfinance institutions due to high interest...
Covid-19, CAA protests reasons behind MFI loan defaults: Himanta Biswa SarmaTaking another giant leap forward towards fulfilment of promises made during campaigning for the 2021 State Assembly elections, Sarma on Sa...
Faircent.com to facilitate loans in COVID-19 low impact Green ZonesThe company has launched a new targeted approach to make credit easily available to Indians in the COVID-19 Green Zone.
Faircent launches ‘Anti Lockdown Loans’ to help ease liquidity pressure amid Covid-19Faircent.com has launched “Anti-Lockdown Loans” to help ease liquidity pressure amid Covid-19 outbreak.
What makes NBFC-P2P sector a better choice for raising funds for an MSME these daysIndia has huge credit gaps and it is important to build institutions and structures that can help bridge the chasm. Being reliant on just o...
P2P lending: A new opportunity for investors eyeing regular incomeRisk and Reward P2P platforms provide a new opportunity to investors eyeing regular income. It could be a second source of income if you un...
Bank of Baroda partners with CreditMantri for lending to first-time borrowers, SMEsTechnology enables the bank to offer low ticket credit products to even first time borrowers and expand into newer segments without the nee...
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...
CIBIL and CERSAI to join hands to help lenders with credit worthiness of realtyCIBIL is joining hands with CERSAI to offer lenders a single window facility to check credit worthiness and legal status of a real estate p...
- 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...
- 10 million poor rural borrowers in AP may soon be labelled defaulters
Millions of rural poor borrowers in the state are running the risk of losing access to formal credit.
- What’s your credit score?
As of now, there is little that is done to reward good borrowers and penalise delinquent ones.
- 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...
- Gold credit card no great relief for exporters
While the EXIM policy has announced gold credit card for the exporters (similar to credit cards for the retail customer), this is no way ex...