While contraction of #bank credit to large industries and #infrastructure remains a cause of concern, as per RBI. #Credit growth to medium industries has accelerated. We report
https://www.moneycontrol.com/news/business/rbi-bulletin-bank-credit-flow-to-industries-infrastructure-remains-a-concern-6586341.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/rbi-bulletin-bank-credit-flow-to-industries-infrastructure-remains-a-concern-6586341.html?utm_source=telegram&utm_medium=social
Moneycontrol
RBI bulletin: Bank credit flow to industries, infrastructure remains a concern
Bank credit growth to industries slowed due to the coronavirus impact but has recently picked up for agriculture and services sectors as economic activities resume, the central bank has said.
#MCPersonalFinance: You must avoid cards that charge high annual fees. Also, some offer additional #discounts or points on specific #travel portals. Consider these factors before applying for a travel #credit card.
https://www.moneycontrol.com/news/business/personal-finance/annual-fee-and-usage-category-hold-the-key-to-choosing-a-rewarding-travel-credit-card-6596981.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/personal-finance/annual-fee-and-usage-category-hold-the-key-to-choosing-a-rewarding-travel-credit-card-6596981.html?utm_source=telegram&utm_medium=social
Moneycontrol
Annual Fee And Usage Category Hold The Key To Choosing A Rewarding Travel Credit Card
Choose a card that offers the most rewards on the travel portal or hotel you frequently use. If the reward points or cashbacks from your usage are lower than the annual fee, you must avoid the card
#MCPersonalFinance: There are many misconceptions associated with #credit scores. Apart from a poor repayment pattern, even a lack of credit history can pull down your scores. Here's how.
https://www.moneycontrol.com/news/business/personal-finance/never-had-a-loan-or-credit-card-your-credit-score-may-still-not-look-great-6592291.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/personal-finance/never-had-a-loan-or-credit-card-your-credit-score-may-still-not-look-great-6592291.html?utm_source=telegram&utm_medium=social
Moneycontrol
Never had a loan or credit card? Your credit score may still not look great
Not having a borrowing history and signing as a guarantor can pull down your scores. Here are five common myths on credit scores dispelled for you
#BadLoans and #credit costs expected to see a rise 💹as easy money policies to shore up a pandemic-battered economy may start to tighten: Fitch Ratings
https://www.moneycontrol.com/news/business/wire-news/bad-loans-to-rise-at-indian-banks-as-easy-liquidity-may-tighten-fitch-6620091.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/wire-news/bad-loans-to-rise-at-indian-banks-as-easy-liquidity-may-tighten-fitch-6620091.html?utm_source=telegram&utm_medium=social
Moneycontrol
Bad Loans To Rise At Indian Banks As Easy Liquidity May Tighten: Fitch
Fitch added it sees high risk of a "protracted deterioration" in asset quality with more pressure on loans to retail and stressed small and medium-sized enterprises.
#MCPersonalFinance: #Credit scoring agencies have standard methods to evaluate borrowers who have a history of loan repayments. But what about fresh applicants? Here's how they go about assessing risks ⤵️
https://www.moneycontrol.com/news/business/personal-finance/how-cibil-and-experian-score-first-time-loan-applicants-6825011.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/personal-finance/how-cibil-and-experian-score-first-time-loan-applicants-6825011.html?utm_source=telegram&utm_medium=social
Moneycontrol
How CIBIL And Experian Score First-time Loan Applicants
Your employment profile and social media accounts are checked by financial institutions to assess your credit risk levels
#MCPersonalFinance: For many borrowers, especially fresh ones, credit scores may not be available or even representative. Here are the limitations of #credit scores and a few alternative measures to gauge a #loan applicant's ability to repay.
https://www.moneycontrol.com/news/business/personal-finance/why-credit-scores-alone-may-not-be-the-best-way-to-assess-loan-borrowers-6910631.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/personal-finance/why-credit-scores-alone-may-not-be-the-best-way-to-assess-loan-borrowers-6910631.html?utm_source=telegram&utm_medium=social
Moneycontrol
Why Credit Scores Alone May Not Be The Best Way To Assess Loan Borrowers
While the credit score helps gauge the risk based on credit history, credit mix, payment history, and new debt if any, it offers no help in appraising the repayment capability of first-time loan applicants
#Credit growth to #industry remained in the negative territory during all the four quarters of FY21, RBI said in a quarterly #report today: https://www.moneycontrol.com/news/business/covid-impact-industrial-loan-growth-remained-in-negative-zone-during-fiscal-year-2021-says-rbi-7104221.html?utm_source=telegram&utm_medium=social
#RBI #FinanceNews
#RBI #FinanceNews
Moneycontrol
COVID Impact: Industrial Loan Growth Remained In Negative Zone During Fiscal Year 2021, Says RBI
Personal loans continued to grow at a robust pace and recorded 13.5 per cent growth y-o-y in March 2021. Credit to the household sector rose by 10.9 percent and its share in total credit rose to 52.6 per cent in March 2021 from 49.8 percent a year ago, the…
Have you checked out #MCMinis yet? 🤔
They are quick explainers or short insights on topics that matter! They fit into the screenshot of your phone.📱It is that easy and fast! ⚡️
Start exploring: https://moneycontrol.com/news/mcminis
#PersonalFinance #Credit #CreditRatings
They are quick explainers or short insights on topics that matter! They fit into the screenshot of your phone.📱It is that easy and fast! ⚡️
Start exploring: https://moneycontrol.com/news/mcminis
#PersonalFinance #Credit #CreditRatings
#StartupsWithMC | Google Pay has joined hands with Indifi Technologies to provide instant loans to MSMEs.
The loans will be in the range of Rs 2.5 to Rs 3 lakh.
Read at
https://www.moneycontrol.com/news/business/companies/google-pay-partners-indifi-to-provide-instant-msme-credit-as-it-expands-its-financial-services-play-7936221.html
#credit #fintech #GooglePay #Indifi #MSME
The loans will be in the range of Rs 2.5 to Rs 3 lakh.
Read at
https://www.moneycontrol.com/news/business/companies/google-pay-partners-indifi-to-provide-instant-msme-credit-as-it-expands-its-financial-services-play-7936221.html
#credit #fintech #GooglePay #Indifi #MSME
Moneycontrol
Google Pay partners Indifi to provide instant MSME credit as it expands its financial services play
With a 35 percent share of monthly UPI volumes, Google Pay has been growing its financial services play over the past year like other payments leaders in India
Sigachi Industries share price gained 4% today after CARE upgraded #credit rating on the company's long-term bank facilities of Rs 13.93 crore to 'A-' from 'BBB'.
Read more 👇
https://www.moneycontrol.com/news/business/markets/sigachi-industries-gains-4-on-debt-rating-upgrade-by-care-8154021.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/markets/sigachi-industries-gains-4-on-debt-rating-upgrade-by-care-8154021.html?utm_source=telegram&utm_medium=social
Moneycontrol
Sigachi Industries gains 4% on debt rating upgrade by CARE
CARE has upgraded to 'A-' and 'A2' the long-term and short-term bank facilities of Sigachi Industries from A3+
#MCPersonalFinance: Many people lose out on good #credit deals because they don’t realise the criticality of maintaining a robust credit score.
Here’s how you can improve your credit score 👇
https://www.moneycontrol.com/news/business/personal-finance/want-an-excellent-credit-score-follow-these-nine-steps-8184311.html?utm_source=telegram&utm_medium=social
Here’s how you can improve your credit score 👇
https://www.moneycontrol.com/news/business/personal-finance/want-an-excellent-credit-score-follow-these-nine-steps-8184311.html?utm_source=telegram&utm_medium=social
Moneycontrol
How to improve your credit score?
Aside from paying off your debts on time, it's also important to monitor joint and co-signed loans
#MCPersonalFinance: Read on the potential side-effects of a bad #credit score. 👇
https://www.moneycontrol.com/news/business/personal-finance/what-are-potential-side-effects-of-a-bad-credit-score-8244151.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/personal-finance/what-are-potential-side-effects-of-a-bad-credit-score-8244151.html?utm_source=telegram&utm_medium=social
Moneycontrol
What are potential side-effects of a bad credit score?
A bad credit score can reduce your chances of getting a fresh credit line. Lenders will certainly charge a higher rate of interest on loans and advances.
#MCPersonalFinance: Confused about the acquisition of Citibank’s India consumer #banking business by Axis Bank?
Let’s decode the most FAQ of Citi #credit card customers pertaining to reward points, dues etc.
https://www.moneycontrol.com/news/business/personal-finance/have-a-citibank-credit-card-heres-what-you-must-do-now-7194831.html?utm_source=telegram&utm_medium=social
Let’s decode the most FAQ of Citi #credit card customers pertaining to reward points, dues etc.
https://www.moneycontrol.com/news/business/personal-finance/have-a-citibank-credit-card-heres-what-you-must-do-now-7194831.html?utm_source=telegram&utm_medium=social
Moneycontrol
Axis Bank acquires Citibank’s credit card business: Should you continue using your card, will your credit score be hit—all your…
It’s important you migrate to a credit card that has equal or better rewards and offers. Also, your credit limit should remain the same or improve
#AxisBank’s purchase of #Citibank’s India retail business comes in the backdrop of this fatigued #credit card market, which is looking for a second wind.
What’s the way forward? 🤔
https://www.moneycontrol.com/news/business/banks/axis-bank-citibank-deal-indias-credit-card-market-is-at-a-crossroads-which-way-will-it-go-8301351.html?utm_source=telegram&utm_medium=social
What’s the way forward? 🤔
https://www.moneycontrol.com/news/business/banks/axis-bank-citibank-deal-indias-credit-card-market-is-at-a-crossroads-which-way-will-it-go-8301351.html?utm_source=telegram&utm_medium=social
Moneycontrol
Axis Bank-Citibank deal: India’s credit card market is at a crossroads; which way will it go?
Credit card spends have survived the rapid expansion of the Unified Payments Interface, which continues to eat into the payments pie. But with BNPL posing a fresh challenge, issuers face a challenge in widening credit card usage.
#PSBs have been losing money on their capital, thanks to the long-drawn #credit cycle where they paid high credit costs due to delinquent loans. That may be changing now, say analysts.
Read to know how 👇
https://www.moneycontrol.com/news/business/earnings/will-the-sun-rise-on-psu-banks-return-on-assets-8575601.html?utm_source=telegram&utm_medium=social
Read to know how 👇
https://www.moneycontrol.com/news/business/earnings/will-the-sun-rise-on-psu-banks-return-on-assets-8575601.html?utm_source=telegram&utm_medium=social
Jio Financial Services will primarily operate in the #NBFC market and #credit market segments and has strategic plans to expand its operations into #insurance, #DigitalPayment, and #AssetManagement verticals.
Get more details 👇
https://moneycontrol.com/news/business/stocks/jio-financial-services-stock-lists-at-rs-262-on-nse-and-at-rs-265-on-bse-11226831.html?utm_source=telegram&utm_medium=social
Get more details 👇
https://moneycontrol.com/news/business/stocks/jio-financial-services-stock-lists-at-rs-262-on-nse-and-at-rs-265-on-bse-11226831.html?utm_source=telegram&utm_medium=social