A major crisis may be brewing for Indian banks
Wednesday, July 31, 2019, 7:52 PM
Many banks believed lending to individuals is risk-free given they are better placed with credit scores. But the recent slowdown and vanishing jobs are upending the belief. Defaults in this segment may be the next-worry though the magnitude of damage may be contained. Deepak-Chopra has been regular in payments of loans all these years. Job-cuts turn the idea of individual lending being risk free-passe.
Why Credit Score is Important?
Monday, September 3, 2018, 7:54 AM
Your credit-score and underlying history is one of your most vital parts of your financial-life. Your credit score follows you forever and it will play a huge role in many major financial situations throughout your life. Many people think that a credit score only really matters when it comes to being approved for a loan or credit card, but it goes far beyond that.
Cibil ties up with KPMG
Thursday, November 9, 2017, 7:10 AM
With the growing demand for conducting employment credit checks, credit information company TransUnion Cibil tied up with KPMG to provide credit scores and report on employees and candidates to employers. The partnership will also provide business-entities credit reports of their vendors/distributors. "This initiative is aligned with our goal of helping companies and individuals make informed decisions," TransUnion Cibil vice-president Hrushikesh Mehta said.