credit rating

Here’s why a Good CIBIL Score is Key to Get a Personal Loan Quickly!

Finance - 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 More

Basics of Credit : Principals of Sound Lending

Finance - 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 […]...

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Everything You Need to Know About Credit Scores

Finance - Do you know what is a credit score and how it affects your borrowing capacity? Read the blog to know more....

Read More

How to improve CIBIL score to get loans quickly

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 […]...

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Can person with zero credit score get a home loan

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

Finance - 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

Finance - ♦ 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

Finance - 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

Finance - 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

Finance - 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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SEBI Policy on Provisional Credit Rating Rating for Debt Instruments

Notification 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....

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Banks may use ratings of ‘CRISIL’ for risk weighting their claims for capital adequacy purposes

DOR. 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...

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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"

Here’s why a Good CIBIL Score is Key to Get a Personal Loan Quickly!

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 More
Posted Under: SEBI |

Basics of Credit : Principals of Sound Lending

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 More
Posted Under: SEBI |

SEBI Policy on Provisional Credit Rating Rating for Debt Instruments

Notification 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 More

Everything You Need to Know About Credit Scores

Do you know what is a credit score and how it affects your borrowing capacity? Read the blog to know more....

Read More
Posted Under: SEBI |

How to improve CIBIL score to get loans quickly

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 More
Posted Under: SEBI |

Banks may use ratings of ‘CRISIL’ for risk weighting their claims for capital adequacy purposes

DOR. 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 Limited and there is no change in the rati...

Read More

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: SEBI |

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: SEBI |

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: SEBI |

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

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