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EQUIFAX
Bank of India gains over 2% on fundraising plans
“BOI is looking to sell 27 per cent and retain 2 per cent in the life insurance venture.”
For no fault of theirs, PMC depositors may be in default
Depositors could be tagged as defaulters if they fail to make repayments on loans.
PSBs start giving loans based on customers’ risk profile
Bank of Baroda, Union Bank, Syndicate Bank roll out differential rates based on Cibi...
Microfinance reaching less than 20% of potential household: Equifax’s Manu Sehgal
Reaching to last mile borrowers is going to be the key to NBFC-MFIs future growth, holds Manu Sehgal, Business Development Leader, Equifax.
Top 10 states have 83% penetration of outstanding loan portfolio: Equifax-SIDBI
The report, while noting that 40% of NBFC-MFIs have the highest number of unique live customers, adds that average ticket size per loan has increased by 13%Y-o-Y to reach Rs 31,623.
Equifax Analytics ties up with AccountScore
The partnership will provide a full range of products and services to prospective users like banks, NBFCs and financial institutions in India and the Middle East.
With 24% YoY growth, NBFC-MFIs keep leading the lending pack: SIDBI-Equifax
While the highest number of loans are disbursed in Rs 20,000-30,000 ticket size across all quarters, 30 plus delinquency for NBFCs at 2.5 % is the highest in the industry in Q3 FY19, the joint report further noted.
Alternative data can gauge creditworthiness, if law permits
Data privacy law awaited to determine scores using sources such as mobile phone and e-wallet usage
Alternative data can gauge creditworthiness, if law permits
Data privacy law awaited to determine scores using sources such as mobile phone and e-wallet usage
Credit info companies sharing data with fintechs irks lenders
Earlier this month, representatives of banks had a meeting to discuss the issue of fintechs getting unbridled access to bank borrower information.
Indian software engineering manager charged with insider trading in US
The SEC said Bonthu committed securities fraud by engaging in illegal insider trading in the securities of information solutions and human resources company Equifax.
Equifax faces multibillion-dollar lawsuit over hack
Data revealed included Social Security numbers, addresses, driver’s licence data, and birth dates. Some credit card information was also put at risk.
Delinquency in retail loans stabilising: Equifax
Delinquency rate of loans that are delinquent beyond 90 days stood at 2.16% as of Q4 of calendar year -16, a 0.06% decrease from Q3 of 2016
At risk? Equifax hack has businesses uneasy about security
The Equifax breach is reminding small business owners that they may be vulnerable to cybercriminals.
Equifax suffered a hack 5 months earlier than disclosed date
The revelation of a March breach will complicate the company’s efforts to explain a series of unusual stock sales by Equifax executives.
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