credit rating

Can person with zero credit score get a home loan

CA, CS, CMA - 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 […]...

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Moody’s Indian credit rating: A lively discussion from history

CA, CS, CMA - Indian credit rating by Moody and its down graded position at negative from stable is not some thing one did not expect. As an ex banker and reader of economic situation since 1973, I have seen the downward economic condition of India, as perceived by Western credit agencies. But do I get perturbed and start […]...

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Role of CIBIL Score in Finance

CA, CS, CMA - 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 More

Improve your Low CIBIL Score & Get Approved for Best Personal Loan

CA, CS, CMA - 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 More

Know about CIBIL Score

CA, CS, CMA - Article explains what is CIBIL Score, What are the things which impacts CIBIL Score, How much Score holds well and What to do to improve CIBIL score. Most of the time we hear about CIBIL score. Many of the loan seekers face this issue while applying loan, that there CIBIL score is bad. I am […]...

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Auditor cannot share client info with Credit Rating Agencies unless permitted: ICAI

CA, CS, CMA - 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....

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68% of borrowers are unaware of their CIBIL score, reveals Home Credit Survey

CA, CS, CMA - ♦ 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...

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Moody’s upgrade Sovereign Credit Rating of India to Baa2 from Baa3

CA, CS, CMA - 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...

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Free Credit Information or CIBIL Report to individual assessee

CA, CS, CMA - WEF 01.01.2017, all Credit Information Companies shall provide, upon request provide a Free Full Credit Report popularly known as CIBIL report ...

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CIBIL Report one of the factors to be considered before granting any loan

CA, CS, CMA - 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 ...

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HC dismissed WP Filed against Credit Rating Agency as it is Private Body & Not ‘State’ as per Constitution

Mahasemam 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?...

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Educational Loan cannot be rejected for Unsatisfactory Credit Scores of parents

Pranav 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....

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Partial Credit Enhancement to Corporate Bonds- Credit Rating

RBI/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...

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Circular on Enhanced Standards for Credit Rating Agencies

PR 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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Recent Posts in "credit rating"

Auditor cannot share client info with Credit Rating Agencies unless permitted: ICAI

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 More
Posted Under: Finance |

68% of borrowers are unaware of their CIBIL score, reveals Home Credit Survey

♦ 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 More
Posted Under: Finance |

Can person with zero credit score get a home loan

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 More
Posted Under: Finance |

HC dismissed WP Filed against Credit Rating Agency as it is Private Body & Not ‘State’ as per Constitution

Mahasemam 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 More

Educational Loan cannot be rejected for Unsatisfactory Credit Scores of parents

Pranav 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 More

Moody’s Indian credit rating: A lively discussion from history

Indian credit rating by Moody and its down graded position at negative from stable is not some thing one did not expect. As an ex banker and reader of economic situation since 1973, I have seen the downward economic condition of India, as perceived by Western credit agencies. But do I get perturbed and start […]...

Read More
Posted Under: Finance |

Role of CIBIL Score in Finance

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 More
Posted Under: Finance |

Improve your Low CIBIL Score & Get Approved for Best Personal Loan

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 More
Posted Under: Finance |

Know about CIBIL Score

Article explains what is CIBIL Score, What are the things which impacts CIBIL Score, How much Score holds well and What to do to improve CIBIL score. Most of the time we hear about CIBIL score. Many of the loan seekers face this issue while applying loan, that there CIBIL score is bad. I am […]...

Read More
Posted Under: Finance |

How to avoid a loan rejection despite low credit score

What is a credit score? What is the importance of it? How is it determined? For knowing the use of anything, these questions are a must ask! A credit score is the three digit number valuing from 300 – 900 where 300 is considered as the lowest score and 900 is considered as highest....

Read More
Posted Under: Finance |

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