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The RBI plans to introduce a unique borrower ID for all loan accounts to minimise and reduce credit report errors, enhance ...
Maintaining a good CIBIL score is extremely important for all individuals. It helps you to get loans from banks easily, as a ...
Banking credit in the economy grew by 11.1 per cent year-on-year (Y-o-Y) in the fortnight ended March 7, while deposits grew at 10.2 per cent during the same period, which is a gap of around 90 ...
Learn how the RBI regulates India’s economy through credit control policies, including quantitative and qualitative instruments like CRR, SLR, Repo Rate, and Moral Suasion for financial stability.
Since the move on unsecured loans, credit card outstanding loan growth declined from 30% year-on-year (y-o-y) in November to 25% level, bank loans to NBFCs moderated from 30% level to 18%, Das said.
RBI Deputy Governor M Rajeshwar Rao has called for frequent data updates by Credit Information Companies (CICs), asserting ...
The article provides a detailed overview of the RBI’s new policy on compensating customers for delayed credit information updation and rectification, covering a range of issues related to ...
The Reserve Bank of India has ordered Kotak Bank to immediately cease onboarding new customers through digital channels and to stop issuing fresh credit cards.
Fintechs, especially in the lending space, are hopeful of a revival in credit growth after the Reserve Bank of India (RBI) went for a larger-than-expected 50 basis point cut, bringing down the ...
The Reserve Bank of India (RBI) has recently implemented a new regulation regarding credit reporting practices. Starting from January 1, 2025, lenders are required to update credit bureau records ...
The Reserve Bank of India (RBI) plans to enable Small Finance Banks (SFBs) to offer pre-approved credit lines via UPI. This move aims to broaden credit access, particularly for those new to credit ...
Mumbai: Measures taken by the Reserve Bank of India (RBI) to ease the monetary policy in recent months are expected to support a year-on-year credit expansion of around 10.8 per cent at Rs 19 lakh ...