What is a CIBIL Score?
A CIBIL Score is a consumer's credit score. It is a 3-digit numeric summary of a consumer's credit history and a reflection of the person's credit profile.
Personal loan sanctions to get tougher
According to a report by TU Cibil, default rates will move up most in personal loans and credit cards,...
MSME default rate lowest in business loans
Credit bureau Trans-Union Cibil has said that two out of three MSMEs entered this lockdown with st...
Difference between Credit Score and CIBIL
The CIBIL score is a three-digit numeric summary of a consumer's credit history and a reflection of the person's credit profile. One the other hand, CIBIL is a Credit Bureau which maintains the records of all the credit-related activities of companies, individuals.
How to check your credit score
It is important to know your credit score while applying for a loan from a bank or any other financial institution.
Sidbi, Transunion Cibil partner to launch portal to help MSMEs
The portal- MSMESaksham- aims to guide MSMEs across their credit lifecycle, from availing credit to start and grow their businesses, to managing credit lines to sustain and build structural strength of the business, as well as ensuring timely closures and renewals of credit facilities.
19% of MSMEs eligible for govt guarantee in high-risk category: CIBIL
According to TU Cibil analysis, 28% of the MSMEs have a CMR between 1 to 3 which makes them super-prime borrowers and the least likely to default.
What is the difference between CIBIL Score and CIBIL Report?
If you are keen to make your financial goals a reality, you should work towards a CIBIL Score of 750+ and a healthy CIBIL Report.
How is credit score calculated?
Your repayment history influences your credit score the most. A credit bureau keeps a month-on-month record of your payments towards your bills and loan repayment equated monthly instalments (EMIs) for the past few years.
How is CIBIL score calculated?
Your CIBIL score is based on your credit history and past payments, but it subsequently impacts your future access to credit.
NBFC lending as consumer durable loan or personal loans have grown last quarter: Satish Pillai, TransUnion CIBIL
Largest lenders look at us for information on the same customer month on month, says Pillai
'Discouraging attitude' of banks’ risks providing little relief to MSMEs under a key Government scheme
The cornerstone of Finance Minister Nirmala Sithraman’s package for economic revival was the Rs 3-lakh crore collateral free loan scheme for MSMEs. Two months since, the scheme’s success has been limited, with majority of small businesses still struggling to find funding.
Cibil ropes in HDFC Bank's Rajesh Kumar as MD, CEO
In his role as the MD and chief executive, Rajesh Kumar will be responsible for steering Cibil India's business into the next phase by ensuring it continues to support the domestic finance industry and consumers.
Cibil sees Rs 2.32 lakh crore worth loans turning bad over next 12 months
Using its new risk ranking product, Transunion Cibil forecast that this rank, Rs 2.32 lakh crore worth loans could turn bad as they fall in the highest risk bracket from with ranking ranging from 7 to 10. Of this, most risky loans are the ones which are less than Rs 10 lakh in terms of size., such loans aggregate to Rs 13,600 crore
Small business credit worth Rs 2.32 lakh crore at highest risk of default: Cibil
In its study, TransUnion Cibil said, at present, the total outstanding amount of all financiers to small businesses having a credit outstanding of less than Rs 50 crore is Rs 17.94 lakh crore, representing 28 per cent of the total outstanding credit.