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 : A CIBIL score is one of the critical factors that determine your home loan eligibility. Based on this 3-digit score, lenders decid...
Finance : Your credit score and report form a crucial part of your financial profile. They also impact your ability to access funds quickly ...
Finance : Traditionally lender’s uses Credit Scoring as a major tool in its Credit Underwriting process. Traditionally lender verifies the...
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...
Finance : ♦ Patna reports lowest literacy levels with only 22% of borrowers aware of their CIBIL score, followed by Kolkata (25%) and Mumb...
Finance : Moody’s Investors Service (“Moody’s”) has upgraded the Government of India’s local and foreign curre...
Fema / RBI : WEF 01.01.2017, all Credit Information Companies shall provide, upon request provide a Free Full Credit Report popularly known as ...
Fema / RBI : The information contained in the CIR (which contains credit score) would be one of the factors that banks would consider before gr...
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...
SEBI : SEBI updates Credit Rating Agencies Regulations, defining "liquid asset" and ensuring effective rating processes. Learn about the ...
SEBI : Explore SEBI latest circular enhancing ease of doing business for Credit Rating Agencies (CRAs) with updated timelines and disclos...
SEBI : Introduction: The Securities and Exchange Board of India (SEBI) has recently released Circular No. SEBI/HO/DDHS/DDHS-POD2/P/CIR/20...
SEBI : Gain insights into SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023 for ESG rating providers. This analysis explores t...
Fema / RBI : Banks are advised to use ratings of following domestic credit rating agencies for risk weighting their claims for capital adequacy...
A credit score is the summary of your report, numerically represented. This is a three digit number ranging between 300 & 900. The higher this score the better it is. On a general note, any score above 750 is considered a good score and borrowers having this score or more are favoured by lenders. Through this score banks judge your probability of default in future. A lower score would mean a high probability of default while a higher score means lower probability.
A credit score lets lenders know whether or not you are a responsible borrower. While most people think they know everything they need to know about credit scores, majority have been blinded by the rampant misconceptions surrounding the calculation of the scores. There are a number of things that your credit bureau and creditors may […]
The CIBIL score is an integral part of every individual’s financial life, and is viewed seriously by lenders today. What a score does, in a nutshell, is indicate a borrower’s creditworthiness to a bank or financial institution, which is taken into consideration while determining whether to accept or reject a loan or credit card application.
CRISIL Research expects divergent price trends during the year in Mumbai and NCR (National Capital Region), the two largest residential real estate markets in India. In 2011, prices of houses are likely to decline in Mumbai, whereas prices will rise
The recent housing loan scam would increase developers’ dependence on private money-lenders. While cash flow from various quarters like private equities and investors has already become scarcer, the scam is expected to adversely impact credit flow to
Credit rating is not a necessary requirement for any Micro and Small Enterprise (MSE) to get loan from Banks and Financial Institutions at economical rates. However, credit rating serves as a trusted third party opinion on the creditworthiness of the MSEs and a good rating helps the MSEs in obtaining faster and concessional credit from banks.
Credit card and personal loan defaulters are finding that they have nowhere to hide. Armed with a new information service, banks are tracking down defaulters who have gone missing or moved to another town to escape recovery agents. Now, an email alerts the bank whenever an errant borrower resurfaces to fish for a new loan—anywhere in the country. The information service is being sold by Credit Information Bureau of India Ltd (CIBIL).
Today, everyone is aware of the word CIBIL. The Credit Information Bureau India Ltd. keeps the track on the creditworthiness of an individual. They have information about a person’s creditability. Cibil rates a person according to his/her payment track; this is commonly known as Cibil Score.
The credit crisis has exposed weaknesses in many financial intermediaries. How can rating agencies ensure their views are more accurate and unbiased? Despite due diligence, there is always scope for improvement. Credit rating agencies (CRA) do not carry out a separate audit but takes cognisance of the information available from annual reports, submissions from management, […]
In this era of increasing fees, the education of children has become a major component of financial planning. It is important that parents start planning early to ensure that there are no hiccups at the final stages of there child’s education. And that implies planning well in advance. Some points that will help in this […]
