Borrowers: Latest News and Updates, Top Stories, Videos, Photos About Borrowers

RBI Extends Deadline For New Penal Charges Regime Implementation; Find Details Here

The Reserve Bank of India (RBI) has extended the deadline for the introduction of a new penal charges regime by three months to ensure a seamless transition for borrowers. Originally scheduled to take effect on January 1, 2024, the implementation will ...

How to Increase Credit Score without Using Credit Card?

Your credit score is a numerical representation that indicates a cardholder's creditworthiness and plays an important role in determining rejection or approval for an individual's loan and credit card application. CIBIL score, a three-digit numeric value is the most important consideration ...

Supreme Court Extends Temporary Respite To Borrowers In Loan Moratorium

In a relief to borrowers, the Supreme Court on Thursday directed that all loan accounts which were not NPA or non-performing asset as on August 31, 2020 shall not be stated as bad until further orders. The ruling applies to even ...

RBI Shortlists 6 IT Firms To Prepare Public Credit Registry

In an attempt to safeguard the interest of borrowers as well as hasten credit growth in the banking system, the RBI in its latest development has shortlisted some six names from the IT space to prepare PCR or Public Credit Registry. ...

Soon borrowers to be spared from differential interest rate charges

While deposits with the bank fetch same interest rate provided you are given a premium in case you fall in the senior citizens category, the same is not the case with the borrowers as different terns are laid for even customers ...

Will cut rates for existing borrowers only if costs fall: HDFC

MUMBAI: After cutting lending rates for new customers, country's largest mortgage lender HDFC today said it may reduce the rates for existing customers if its cost of borrowing comes down. "Currently, we are seeing that old rates have not changed. ...

Most people lack awareness about creditworthiness: Survey

NEW DELHI: Most borrowers in the country are unaware about the fallout of defaulting on loan payments as well as presence of systems to rate their creditworthiness, says a survey. As many as 91 per cent of the respondents were ...

RBI to create central repository on large credits

MUMBAI: Reserve Bank has decided to create a central repository on large borrowers-- both individuals and entities-- with exposure of more than Rs 10 crore to help banks deal with credit risks. The RBI, in a notification, said that it is ...

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