Credit Information Bureau
CREDIT INFORMATION BUREAU NEWS
New law empowers credit firms to collect data without users’ consent, RBI tells Supreme Court
February 16, 2025 4:03 am
In a counter affidavit filed in a case accusing Credit Information Companies (CICs) of 'illegally' collecting people's financial information 'by forced consent,' the banking regulator says they are empowered by law to access data to prevent fresh bad loans.
RBI asks credit bureaus, banks to pay Rs 100 compensation per day for delay in data updation
January 08, 2025 9:54 am
Further, CIC should inform the customers by email or SMS when their credit information is sought by a bank or NBFC and banks should inform customers when they are in default.
Bad Debt Wilful defaults on a rise, up 90% in '14 to Rs 44,465 crore
May 30, 2015 11:46 am
Figure close to 15% of total non-performing assets of Rs3,03,380 cr; Rise highest ever in a calendar year.
Banks may soon assess you on your phone, power bill records
April 21, 2015 1:25 am
The move would be a major boost to credit eligibility of low-ticket borrowers.
Rogue borrowers’ overdues swell to Rs40,000 crore
November 12, 2014 1:06 am
PNB has filed cases against Winsome Diamond for wilful default of Rs 900 crore and Forever Precious Jewellery for Rs 753 crore.
CIBIL mulls risk index for corporates
August 07, 2012 8:56 pm
This will help in assessing risks of lending to corporates,an official said.
Home loan: Check your credit score
July 23, 2012 2:48 am
Nothing beats the sense of achievement and security when you first open the door to your brand new home.
Wilful defaults by borrowers rise 45%
May 02, 2012 1:06 am
Credit offtake growth has fallen to 17 per cent from 20.6 per cent in fiscal 2012,but the number of wilful defaulters borrowers who have the capacity to repay but default deliberately and siphon off funds is rising
Tricity banks default clients,get penalised
October 14, 2011 1:47 am
Sushil Kumar Chandel ,a resident of Baltana near Zirakpur,filed a complaint with the UT Consumer Disputes Redressal Forum-II against a leading public sector bank,after the bank demanded Rs 50,294 even after he had made the complete credit card payment.
Financial firms error puts borrower on defaulter list
September 08, 2011 2:12 am
When you take a loan from a financial company,be sure to keep a close watch on the transactions till the time the loan is settled.
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