Cibil

Retail lending sees rapid growth in FY18 with loan book rising by 25%, number of accounts by 32%: Cibil data

The report found robust growth in all consumption lending products consumer durable loans, credit cards and personal loans - during the period under review

Banks collecting passport details of those borrowing over Rs 50-cr a possible precursor to change in passport rules

Section 10 of Passport Act empowers authorities to revoke one’s passport in the interest of the sovereignty and integrity of India.

CIBIL-like regime for corporate loans need of the hour, CRISIL-like regime not enough

What raises eyebrows is the absence of a similar regime for corporates like CIBIL who are by far the heaviest borrowers and defaulters.

Subramanian Swamy calls Adani ‘biggest NPA trapeze artiste’: Modi, Mallya crackdown is fine but let’s not miss forest for trees

One don’t know for sure whether Adani is the biggest loan defaulter or not, but, indeed the Adani group owes big chunks of money to banks

Credit score: How to fix bad credit history and seek fresh loans for your needs

While a good credit helps you to borrow money, it also helps you to borrow at a pocket-friendly interest rate.

Insolvency ordinance: Let crooked promoters too bid, if they make a clean breast of their past

Many steel companies’ promoters facing insolvency proceedings want to bid says Kotak Securities, but the new law throws a spanner in their works.

RBI mulls public credit registry to improve credit culture: Deputy governor Viral Acharya

PCR will provide a complete picture that is necessary for supervisors and policy makers to assess credit risk of the entire system

Income tax dept to block PAN, LPG subsidy of defaulters

In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and take measures to ensure that they are not sanctioned loans.

Non-bailable warrant for Vijay Mallya but getting him will not end banks’ ordeal

According to RBI data, about Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks in fiscal year 2012-15

Crackdown on defaulters: SC and RBI should move on from the 'naming' debate and work on the recovery of public money

The RBI’s argument on secrecy for bad loan accounts in public deserves merit since if the name of a company, which is in genuine stress, is disclosed, it can hamper the process of recovery process