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Our News - Jan 2021
- 2019-07-08 : Bank of Baroda and CRISIL signs MoU to assess the credit quality of SMEs
To assess the credit quality customers in the small and medium enterprises (SME) segment, Bank of Baroda and CRISIL have signed a memorandum of understanding (MoU). CRISIL will assess the SMEs by analyzing the data streams through its digital platform its proprietary platform for data and analytics. This facility will be available for both existing and prospective customers from the SME segment, the lender said. - 2019-05-27 : Allahabad Bank offers a concession on home loan interest rate to those having a good credit score
Private sector lender, Allahabad Bank is offering a concession of 10 basis points to its home loan borrowers. The discount is available to only those borrowers who are having a credit score of above 750 from CIBIL and CRIF Highmark. Currently, the lender is offering 8.85% on home loans up to Rs. 25 lakh and 9.10% above Rs. 3 crores. - 2019-04-18 : Womens are taking lead in buying homes, shows TransUnion CIBIL report
As per the 2019 TransUnion CIBIL report, shows that more number of womens are buying home as compared to male members. The rise in the number of buying more houses by womens is due to availability of preferential home loan schemes and convenience of co-borrowing. However, there has also been a rise in the number of successful credit applications by women borrowers which has marked a 48% growth between 2015 and 2018 as compared to 35% growth by male borrowers. - 2019-04-09 : Unsecured loans are growing at a faster pace, beats overall credit, says TransUnion CIBIL
According to the latest borrower data analysed by the TransUnion CIBIL, growth in the unsecured loans like personal loans and credit cards grew 31.3% year-on-year basis as on December 2018 which is more than double the growth recorded by the overall bank credit. However, the secured loan category like a gold loan, home loan, auto loan, and mortgage loan has witnessed moderate growth. The reason for the sharp growth in the unsecured segment is due to the improved ability of lenders to extend loans to the borrowers. - 2019-03-18 : RBI to hold pre-policy meet with trade bodies, rating agencies on Mar 26
Reserve Bank of India (RBI) is planning to hold discussions on March 26 with representatives of trade bodies and credit rating agencies on interest rate and steps to boost economic activities, according to the sources. The meeting will address all the issues going on in the banking sector including the transmission of rate cut benefits to the loan borrowers.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources.
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