In home loans, inquiry volumes were at 112 per cent of July-August 2019 levels
Unlike the slowdown a decade ago, demand for credit cards and personal loans will remain as consumers look to secure funds to bridge gaps in personal finance.
A large section of MSMEs is creditworthy and micro retail borrowers' cash flow allows them to repay bank loans fast
The RBI announcement came as a relief to the borrowers and affirmed commitment to provide a comprehensive picture of each person so they can be reliably and safely represented in the marketplace.
The report said lending to micro, small and medium enterprises has increased for smaller borrowing size and lower duration borrowers, it said
NBFCs have played a key role in consumer credit growth over recent years
While India continues to be on the path of growth, lenders must judiciously monitor their risk management processes
With more and more places seeking it, any mistake in the score may cost you
Banks will pay fees to Cibil, while customers need not pay any charges
The highest NPAs, of over 15 per cent, are in leather, textile and steel industries
Currently, an individual has to shell out Rs 550 for a report and a onetime credit score in the PDF format from CIBIL