cibil-credit-report

Retail Credit Quality Firm + Stress in SME – CIBIL

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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 auto loans, delinquencies are higher than normal in some segments for a few banks, but across‐the‐board deterioration is absent.

Why is the Retail Asset Quality Strong ?
Banks have changed sourcing strategy shifting from self employed

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Heavy Loan Borrowers / Spenders – Beware Experian Analytics Tools Monitoring You

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Loan-Borrowers-IndiaExperian India is gradually unveiling its Global Tools and Analytical Services to Indian customers [Banks & FIs] Apart from Serving Credit Reports and Scores, they are now offering Value Added Services which covers Frauds and Consumers on the verge of Default.

Experian has rolled out tools that track consumers borrowing / spending heavily or acting credit hungry. The trigger will alert the lender and help him manage his portfolio risk. This is essential because the customer maybe in sound position while availing the Loan / Credit facility but it may change overtime and this is captured by the Experian’s Analytics tools.

Mr. Jayram of Experian said,

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How Indians Can Now Order Equifax Credit Information Report on Demand ?

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How to Order Equifax Credit Report in IndiaIn August 2009, CIBIL along with Transunion announced the availability of Credit Information Report for Indian Citizens making it the first Bureau in India to release reports. A Year Later in August 2010, Experian entered the Indian market and started releasing consumer credit information reports on demand. And in Nov-2012, Equifax the last of the Big 3 Credit bureaus of the World opened its Operations in India.

As an exclusive offer for readers of CardBhai.Com, we are facilitating you to order Equifax Credit Information Report on demand.

How to Get Equifax Credit Information Report in India ?

  1. Download and Print the

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Secured Credit Cards in India – Great Product to Build Credit History for Students, Housewives etc

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Today I’d like to educate our Readers on what a Secured Credit Card means, its availability in India and who can avail the same.

Like any other industry, Credit Cards vertical of the banking industry had a bumpy ride since its off-take in 2005 and subsequent bust in 2008-09. Credit Cards by nature are classified as unsecured loans to consumers. The Issuing Banks Guarantees the Merchant on behalf of the credit card holders and settles with the merchant hoping the consumer will pay his credit card bill. Blame it on negligence or circumstances or willfully, many people defaulted for example ICICI Bank had to drastically re-structure its Credit Card Portfolio. Thus this gave rise to a new stream of credit cards known as Secured Credit Cards.

So what Exactly is a Secured Credit Card ? It is a normal Credit Card in all respects except that it is issued only against a Fixed Deposit with the Bank. For Example, we chose

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What Type of Data Repositories CIBIL Collects? Ranging from Individual to Frauds

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CIBIL Transunion is the leading Credit Bureau of India with with the largest number of credit information records. RBI the Indian Financial System regulator has mandated every Financial Institution including Banks in India to submit Lending Data to atleast one Credit Bureau / Information company. Over 800 FIs upload data about Borrowers on a monthly basis to CIBIL.

We’ll see what kind of Data Repository CIBIL is Maintaining and the Definition / Meaning of each of these terms,

Individual Consumer Database CIBIL has Information on 135mn Indian / NRI individuals or

Read moreWhat Type of Data Repositories CIBIL Collects? Ranging from Individual to Frauds