Finance - Are you struggling with getting a loan? Do you need a quick solution for your credit scores, then let me tell you something- credit scores did improve in a day. If you want your credit score to be good enough, you need two things- 1) discipline and 2) educating yourself about available choices. Don’t worry […]...
Read MoreFinance - My nephew who wanted to take a home loan and whom I had advised to obtain his CIBIL report, called me to express his shock when he found 0 credit score in his CIBIL report. He was worried that with 0 score, which he perceived to be negative rating, he would not be able to […]...
Read MoreFinance - 26AS Form in new format under I-Tax Rule 114-I have been notified wef 1.6.2020. Please note all the information in it is auto populated and earlier it was mainly providing information wrt Tax (TDS, TCS, Advance Tax etc) alongwith Gross Income only. But now new 26AS form shall be a complete profile of taxpayer’s financial […]...
Read MoreFinance - CIBIL stands for Credit Information Bureau (India) Limited which is a part of “transunion” an american multinational group. It maintains credit files of around 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is majorly trusted by banks and Financial institutions due...
Read MoreFinance - Getting approved for online loans with low credit score is a nightmare. Sometimes, your application might get rejected due to your credit history. If you have had a low CIBIL score & want to repair it, then you must know the options to improve and get approved for a personal loan you want. Why don’t […]...
Read MoreFinance - It is hereby clarified that under the provisions of Chartered Accountants Act,1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client....
Read MoreFinance - ♦ Patna reports lowest literacy levels with only 22% of borrowers aware of their CIBIL score, followed by Kolkata (25%) and Mumbai (25%), reveals research conducted to understand Financial Literacy levels ♦ 76% of borrowers do not know their interest amount on loan, research says ♦ 50% respondents aware about Mutual Funds; Kolkata l...
Read MoreFinance - Eligibility for credit is a function of a potential borrower’s repayment capacity and creditworthiness. Repayment capacity is assessed on the basis of both income and expenditure cash flows, as well as assets and liabilities. Further, creditworthiness is reflected in the borrower’s track record in meeting credit and other payment obli...
Read MoreFinance - WEF 01.01.2017, all Credit Information Companies shall provide, upon request provide a Free Full Credit Report popularly known as CIBIL report ...
Read MoreFinance - The information contained in the CIR (which contains credit score) would be one of the factors that banks would consider before granting any credit facility to a prospective borrower. However, it will be the commercial judgment of the concerned credit institution to grant loan or other wise to such borrowers based on their Board approved ...
Read MorePranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court) - In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's father showed that there was a default in a commercial vehicle loan availed by him....
Read MoreRBI/2011-12/165 DBOD.No. CID.BC. 30/20.16.042/2011-12 - (05/09/2011) - Submission of Credit Information to Credit Information Companies – Defaulters of Rs. 1 Crore and above and Wilful Defaulters of Rs. 25 lakh and above – Dissemination of Credit Information of suit-filed accounts...
Read MoreRBI/2010-11/286 DNBS(PD-SC/RC).CC. No. 23 /26.03.001/2010-11 - (25/11/2010) - It is therefore, advised that SC/RCs on becoming member /members of any Credit Information Company / Companies may provide them the current data in the existing format if not already furnished by the banks/FIs from whom SC/RCs acquire the assets. Care should be taken to ensure that accurate data / ...
Read MoreRBI/2010-11/191 RPCD.CO.RF.BC.No.17/07.40.06/2010-11 - (06/09/2010) - We advise that apart from Credit Information Bureau of India Ltd., (existing credit information company in operation since January 2001), the Reserve Bank of India has issued certificate of registration to Experian Credit Information Company of India Pvt. Ltd. and Equifax Credit Information Services...
Read MoreUBD.CO.BPD.Cir.No. 60/09.11.200/2009-10 - (29/04/2010) - In this connection, we advise that apart from Credit Information Bureau of India Ltd., (existing credit information company in operation since January 2001) DBOD has recently issued certificate of registration to Experian Credit Information Company of India Pvt. Ltd. and Equifax Credit Information S...
Read MoreRBI/2009-10/345 , DBOD.No.DL.15214 /20.16.042/2009-10 - (09/03/2010) - As you are aware, Credit Information Bureau of India Ltd.(CIBIL) has been functioning as a Credit Information Company (CIC) from January 2001 onwards and banks and Financial Institutions have been reporting data to CIBIL as per our letters DBOD No. DL.BC.111/20.16.001/2001-02 and DBOD No. DL.BC.29 /...
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Pranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court) - 01/01/1970
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