What Should be your Ideal Credit Utilization Ratio ?

Credit Cards are basically instruments introduced to extend per-approved credit line for your spend. While using them one has to be careful about Credit Utilization Ratio and impact on Credit Score. Most of our readers posed me a question on how much Credit can one use on the per-approved credit line of Cards, Personal Loans, […]

Credit Bureaus Aid Unsecured Lending to High Credit Score Consumers

The transformation of the Indian financial sector began with consumer credit profiling by credit information company such as CIBIL and later permitting Equifax and Experian to compete in the world’s largest democracy. In the last 5 years, Credit bureaus have been a game changer for the personal / business loan and credit card segments. Unsecured […]

ICICI Jet Privilege Credit Card Annual Fees Dispute

A Reader of our Website Writes to us seeking suggestion on false Marketing of Credit Card by ICICI Bank. His case is as follows, I got a credit card of ICICI Bank. Card type is Coral (JET Airways). When i applied for this card, the customer care told me this is free card for 1 […]

Credit Bureaus Lobby for Mobile / Utility Bill Payment Records

Leading Credit bureaus in India – CIBIL, Experian and Equifax have started lobbying with the government for to get access to consumers Mobile Bill Payment records. The companies have initiated talks with TRAI which currently prohibits sharing of consumer data with any of the credit bureaus in India. Telecom Operators are Un-willing to share the […]

Indian Private Banks Rely on CIBIL Data Repositories for Lending / Monitoring

Indian Private banks have a deeper usage of data than PSU banks. Some PSUs banks are big users of the credit bureau and there are others which are still learning to integrate the systems. The critical issue faced by PSU banks is digitalisation of documents and providing the same to CIBIL. To increase the scope […]

Retail Credit Quality Firm + Stress in SME – CIBIL

Mr. Satish Pillai, Chief Operating Officer, CIBIL interacted with Analysts and here is an excerpt from the same. Retail Consumer / Citizens Loan / Credit Status The Retail asset quality has been intact over the past one‐two years in vintage portfolios across all retail products (barring auto loans) and delinquencies are at low levels. Within […]