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credit The plea also said that the Centre and the RBI have an “unholy and unethical alliance” with the CICs to undermine citizens rights.

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.

credit bureaus, RBI, Reserve Bank of India, credit institutions, information companies, Indian express news, current affairs

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.

Credit Information Bureau, bad loans, debt, debt collection, State Bank of India, indian express, express news, business news

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.