CIBIL Reaches 300 Million Accounts, Defaulters Beware

CIBIL , India’s premier credit bureau, has become a game changer for retail credit – the backbone of high-quality retail growth. CIBIL is probably one of the less-appreciated success stories of India’s financial sector evolution. It is today, probably the back-bone of the relatively high-quality and disciplined retail credit build out in India. Satish Pillai, […]

Kotak Credit Card – High Auto Debit Charges & Over Due Charges

Kotak Mahindra Bank is the latest to expand its credit card offering but with heavy charges at every step you default. A reader of our Site writes to us about his woes and seeking guidance in using the Kotak Credit Card as follows, [73929] I had applied for a Kotak Mahindra Credit Card in the […]

What is the Co-Relation Between CIBIL Credit Score & Loan Sanction ?

The demand for loans in India for various products, including home and auto loans from banks and other financial institutions in India, has grown a sharp 150% since 2010, according to CIBIL. As India’s largest credit information company, CIBIL has 930 credit institutions as its members and maintains information on over 290 million consumer trades […]

Citicard – Payment Defaulted, Account Blocked, then Regularized – Impact on CIBIL Score

It is not uncommon for the Indian Youth to opt for a Credit Card as soon as they join the workforce and without realizing the consequences they head towards debt trap. Here is a Case which CardBhai’s Team Counseled and with Prior Written Permission of the Client we are publishing his Case Study so that […]

Government Rules on CIBIL Status Update for Settlement of Personal Loans / Credit Card Accounts

Now that we are getting lot of e-mails on the subject of what does the Actual RBI / Ministry of Finance Rules state on the Status of a Loan Account / Credit Card mutually settled between the Bank and the Customer. We had asked the RBI this Question, In case of a Loan / Credit […]