Finance - Credit score is a 3 digit number ranging between 300 to 900, showing your financial health. credit history, outstanding debts & payment pattern...
Read MoreFinance - A credit score is basically a numerical expression resulting from the level analysis of an individual’s credit files. It signifies the creditworthiness of the respective individual. In short, a credit score is a measure of an individual’s capability to pay back the debt. The credit score is more useful to the lenders like banks, credi...
Read MoreFinance - Credit Rating is an opinion of a particular agency known as credit rating Agency regarding the ability and willingness of an entity (Government, Business or Individual ) to fulfil its financial obligations in completeness and within the established due dates. It is very difficult for an individual investor to gather details about credit w...
Read MoreFinance - Individuals who have applied for a loan would be well aware of a credit score, but first-time borrowers are often confused about the term. So, they need to know what a credit score is?...
Read MoreFinance - Not like common form of businesses banks deals in ‘money’. It accept deposits from public at low cost and lend/invest that money back to public at higher cost. Traditionally, loans and advances account for a larger share of use of funds by the banks. As such a significant portion of bank’s income comes in the […]...
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 - Moody’s Investors Service (“Moody’s”) has upgraded the Government of India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. India’s rating has been upgraded after a period of 13 years. India’s sovereign credit rating was last upgr...
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 MoreKiran David Vs Assistant General Manager State Bank of India (Kerala High Court) - Kiran David Vs Assistant General Manager State Bank of India (Kerala High Court) The petitioners are aggrieved by the denial of education loan. The petitioner wanted to study Post Graduate Diploma in Management (Securities Market) in the National Institute of Securities Markets (NISM), Navi Mumbai. ...
Read MoreMahasemam Trust Vs Union Of India (Madras High Court, Madurai Bench) - The issue under consideration is whether the writ petition filed against credit rating agency by stating that they are not authorised to discharge "Public Functions" as it is not characterised as 'State ' will be sustain in law?...
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 MoreNotification No. SEBI/HO/MIRSD/MIRSD_CRADT/P/CIR/2021/554 - (27/04/2021) - All Provisional Ratings (‘long term’ or ‘short term’) for debt instruments shall be prefixed as ‘Provisional’ before the rating symbol in all communications viz. rating letter, press release / rating rationale, etc....
Read MoreDOR. No. CRE.BC.33/21.06.007/2020-21 - (27/01/2021) - Banks may therefore, use the ratings of the CRISIL Ratings Limited for the purpose of risk weighting their claims for capital adequacy purposes. The rating-risk weight mapping for the long term and short-term ratings assigned by CRISIL Ratings Limited will be the same as was in the case of CRISIL Li...
Read MoreRBI/2016-17/305 DBR.No.BP.BC.70/21.04.142/2016-17 - (18/05/2017) - a) To be eligible for PCE from banks, corporate bonds shall be rated by a minimum of two external credit rating agencies at all times; b) The rating reports, both initial and subsequent, shall disclose both standalone credit rating (i.e., rating without taking into account the effect of PCE) as well...
Read MorePR No. 150/2016 and Circular No. SEBI/HO/MIRSD/MIRSD4/CIR/P/2016/119 - (01/11/2016) - Circular covers following- 1. Formulation of Rating Criteria and rating processes and public disclosure of the same.2. Accountability of Rating Analysts...
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Kiran David Vs Assistant General Manager State Bank of India (Kerala High Court) -
Notification No. SEBI/HO/MIRSD/MIRSD_CRADT/P/CIR/2021/554 - 27/04/2021
DOR. No. CRE.BC.33/21.06.007/2020-21 - 27/01/2021