Finance : The evolution of India’s financial architecture is increasingly defined by the tension between rapid digitisation and the persis...
Finance : Education loans help students pursue higher studies without financial stress. However, lenders carefully assess your eligibility, ...
SEBI : SEBI proposes omitting technical defaults from CRA guidelines to improve rating accuracy and consistency, preventing unintended ma...
Fema / RBI : आरबीआई और सिबिल स्कोर बनाएं सिरदर्द: अब आरबीआई और ...
Finance : If you're trying to apply for a personal loan with a low credit score, the first step is understanding exactly what a credit score...
Finance : The consultation paper proposes making credit rating withdrawal provisions principle-based rather than limited to specific situati...
SEBI : The proposal allows credit rating agencies to rate instruments under other regulators even where no formal guidelines exist. This ...
Finance : The government addresses concerns about CIBIL scores, detailing how credit information companies are regulated and the steps taken...
Fema / RBI : Explore challenges faced by first-time borrowers and informal sector workers due to limited CIBIL scores, and measures to improve ...
CA, CS, CMA : It is hereby clarified that under the provisions of Chartered Accountants Act,1949 it is not permissible to members to share clien...
Income Tax : The Court directed issuance of a new PAN after a duplicate allotment caused the petitioner’s financial record to be linked to an...
Corporate Law : Kiran David Vs Assistant General Manager State Bank of India (Kerala High Court) The petitioners are aggrieved by the denial of ed...
Finance : The issue under consideration is whether the writ petition filed against credit rating agency by stating that they are not authori...
Finance : In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's fath...
Corporate Law : The Finance Ministry has permitted Aadhaar-based authentication for accessing credit information reports, subject to user consent ...
Fema / RBI : RBI mandates new credit info reporting rules for institutions post-license cancellation, ensuring borrowers' repayment histories r...
Fema / RBI : RBI directs Credit Institutions to report credit information to Credit Information Companies fortnightly, effective January 1, 202...
SEBI : SEBI's circular authorizes Credit Rating Agencies (CRAs) to conduct ratings in IFSC-GIFT City under IFSCA guidelines. Learn implic...
SEBI : SEBI updates Credit Rating Agencies Regulations, defining "liquid asset" and ensuring effective rating processes. Learn about the ...
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 […]
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.
Do you know what is a credit score and how it affects your borrowing capacity? Read the blog to know more.
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 […]
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 rating symbols earlier assigned by CRISIL Limited.
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.
♦ 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 leads the […]
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 […]
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?
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.
