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New Delhi: Gold loans have emerged as the leading segment in India's retail credit market, accounting for loan volumes at 36 per cent and around 40 per cent by value, driven by rising gold prices and increasing consumer preference for secured borrowing, a report said on Tuesday. The report by TransUnion CIBIL showed that the surge has been supported by a sharp increase in ticket sizes, with the average gold loan amount rising significantly over the past two years to around Rs 1.9 lakh in the De ...Read More >
Mumbai: Banks are increasingly giving loans to borrowers rated prime and above, latest data from an assessor focused on individual credit showed, indicating risk aversion among lenders at a time when job expansions at corporate India have become rather tentative amid an AI-led onslaught on repetitive tasks. Data from credit bureau TransUnion CIBIL showed that the bulk of new loan originations are concentrated among borrowers with a CIBIL score of 730 and above. The shift away from riskier segme ...Read More >
MUMBAI: Early-stage delinquencies in micro-loans against property (micro-LAP) and micro-housing loans have been rising year-on-year, TransUnion CIBIL cautioned in its December 2025 Credit Market Report. The credit bureau also noted that lenders are increasingly prioritising borrowers with credit scores above 750 and a mature credit history. According to the report, delinquency levels in the micro-LAP segment rose by 45 basis points (bps) year-on-year to 3.3% as of September 2025. Early delinque ...Read More >
New Delhi [India], December 15 (ANI): The retail credit demand in India strengthened during the July-September 2025 quarter, supported by Goods and Services Tax (GST) rationalisation and improved consumer sentiment ahead of the festive season, according to TransUnion CIBIL's latest Credit Market Report. The Credit Market Indicator (CMI), a composite measure of credit market health, rose to 99 in the September 2025 quarter from 98 in the preceding quarter, reflecting improved demand, supply cond ...Read More >
New Delhi: First-time borrowers without a CIBIL score should not face outright rejection of loan applications, the government clarified in Parliament. Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha during the monsoon session that the Reserve Bank of India (RBI) has not prescribed any minimum credit score requirement for loan approval. RBI has advised banks and financial institutions not to reject applications solely due to lack of credit history. This enables new borrowe ...Read More >
Mumbai (Maharashtra) [India], August 21: TransUnion CIBIL, India's pioneering insights and information company, is celebrating 25 years of building trust in India's credit ecosystem with a storytelling-led brand and consumer outreach campaign. Also Read | Jaipur Shocker: Woman Suffering From Scrub Typhus Dies After Driver Abandons Vehicle As Ambulance Runs Out of Oxygen in Rajasthan, Case Registered. At the heart of its silver jubilee celebration is 'CIBIL Ki Kahaniyan', a special edition of t ...Read More >
Chennai, July 19 (SocialNews.XYZ) After facing widespread criticism over the mandatory CIBIL verification for crop loans, the Tamil Nadu Cooperative Department has introduced another controversial requirement for farmers seeking credit through Primary Agricultural Cooperative Societies (PACS). According to a recent directive, farmers must now obtain a No Objection Certificate (NOC) from a nationalised bank to be eligible for loans under the cooperative system. The new instruction, issued throu ...Read More >
Chennai: After facing widespread criticism over the mandatory CIBIL verification for crop loans, the Tamil Nadu Cooperative Department has introduced another controversial requirement for farmers seeking credit through Primary Agricultural Cooperative Societies (PACS). According to a recent directive, farmers must now obtain a No Objection Certificate (NOC) from a nationalised bank to be eligible for loans under the cooperative system. The new instruction, issued through a departmental circula ...Read More >
New Delhi [India], July 11: A business loan can help fund daily operations, growth plans, or asset purchases for new or established businesses. Lenders assess eligibility based on business age, credit score, financials, and documentation. Strong credit history, stable income, and proper documentation increase your chances of loan approval. Understanding these requirements helps you prepare effectively for a business loan and avoid rejections. This article explains the key criteria Indian lenders ...Read More >
VMPL New Delhi [India], July 11: A business loan can help fund daily operations, growth plans, or asset purchases for new or established businesses. Lenders assess eligibility based on business age, credit score, financials, and documentation. Strong credit history, stable income, and proper documentation increase your chances of loan approval. Understanding these requirements helps you prepare effectively for a business loan and avoid rejections. This article explains the key criteria Indian l ...Read More >
Mumbai: Uddhav and Raj Thackeray, once distant cousins, are coming together to challenge the Maharashtra government's choice to implement Hindi as a compulsory language for Classes 1 to 5 according to the National Education Policy (NEP). They perceive this action as an infringement on local identity and language variety. Uddhav's Shiv Sena (UBT) and Raj's Maharashtra Navnirman Sena (MNS) are set to conduct a unified protest march on July 5, representing their first joint endeavour in twenty year ...Read More >
New Delhi: The banking regulator is examining suggestions to further streamline credit bureau processes and reduce information asymmetry with lenders, a move aimed at addressing data inconsistency and transparency for customers, said people familiar with the development. "A technical working group has been formed by the RBI (Reserve Bank of India) to address concerns raised by financial institutions related to credit information companies (CICs)," said an executive, who did not wish to be ident ...Read More >
New Delhi: The banking regulator is examining suggestions to further streamline credit bureau processes and reduce information asymmetry with lenders, a move aimed at addressing data inconsistency and transparency for customers, said people familiar with the development. "A technical working group has been formed by the RBI (Reserve Bank of India) to address concerns raised by financial institutions related to credit information companies (CICs)," said an executive, who did not wish to be ident ...Read More >
New Delhi: Aadhar cardholders are also facing the threat of cyber fraud, for which protection is needed. Many such cases have come to light when someone else has taken a loan on your Aadhar card, without even getting a clue. People are taking out fake loans by misusing Aadhaar cards, which directly cheats them. If this happened to you too, then you need to be careful in future. Has anyone taken a loan on your Aadhar card in a fake way? Sometimes you only find out after receiving a notice from t ...Read More >
Mumbai, Maharashtra, India - Business Wire India * Credit Conference 2025 designed to drive growth, financial inclusion, and ease of doing business in India * Leaders from banking, FinTech, and policy convened to discuss data-driven credit inclusion and the path to a credit-ready India * Expanding creditworthiness to support India's financial goals under the Bharat@2047 vision was a key theme As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling ac ...Read More >
BusinessWire India Mumbai (Maharashtra) [India], July 4: As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling access to financial services supported by data-driven insights, transparency, and informed risk management. This transformation, along with collaborating to extend financial inclusion in India, saw industry leaders, policymakers, and innovators convene at the TransUnion CIBIL Credit Conference 2025 to explore how data, trust, and collabor ...Read More >
Mumbai (Maharashtra) [India], July 4: As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling access to financial services supported by data-driven insights, transparency, and informed risk management. This transformation, along with collaborating to extend financial inclusion in India, saw industry leaders, policymakers, and innovators convene at the TransUnion CIBIL Credit Conference 2025 to explore how data, trust, and collaboration in the financi ...Read More >
Mumbai, July 3 (SocialNews.XYZ) At least 118 million women consumers in India have entered the credit mainstream for the first time in the last 10 years, unlocking opportunities that were previously unavailable to them, according to a report on Thursday. Over 714 million individuals have gained access to formal credit, positively impacting households across the country over the past two decades, said the report by TransUnion CIBIL, released at a conference here. Retail delinquencies (balance-l ...Read More >
Mumbai (Maharashtra) [India], July 2 (ANI): RBI Deputy Governor M Rajeshwar Rao has called for frequent data updates by Credit Information Companies (CICs), asserting that it will improve loan underwriting precision, among others. Addressing TransUnion CIBIL's Credit Conference in Mumbai on Tuesday, the RBI deputy governor outlined two critical enablers -- data freshness and data quality-- for the betterment of India's credit ecosystem. Currently, credit data is refreshed on a fortnightly basi ...Read More >
New Delhi: The Madras High Court has agreed with the State Bank of India (SBI) after it cancelled a job offer to a candidate because of his poor credit history. The court said that good financial discipline is very important for people working in banks, as they handle public money. A candidate had successfully passed all the stages for the post of Circle Based Officer (CBO) at SBI. He cleared the written exam, interview, and medical checks. However, before joining, the bank checked his CIBIL cr ...Read More >
CHENNAI: The Madras High Court has upheld an order of State Bank of India (SBI) denying a job to a successful candidate on the grounds of financial indiscipline and poor CIBIL (Credit Information Bureau India Limited) score. Justice N Mala recently dismissed the petition filed by the aggrieved candidate, P Karthikeyan, who was appointed to the post of Circle Based Officer (CBO) in 2021, but the appointment order was shortly cancelled. The judge observed the bank took a "prudent decision" that ...Read More >
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