The Indian economy is on the rise, and with it, the popularity of non-banking financial companies (NBFCs). NBC offers a variety of financial products and services that are not available through traditional banks. This article will explore the reasons behind the rise of NBFCs in India and how they are changing the financial landscape. We […]

Many financial institutions check your credit score whenever you apply for a loan. Your CIBIL score provides complete information about your creditworthiness and repayment ability. As a result, if you are having a good credit score, then your lender will consider you as a low-risk borrower and will instantly approve your loan application. Additionally, a […]

According to a recent study titled “Empowering Credit Inclusion: A Deeper Perspective on Credit Underserved and Unserved Consumers” by Global TransUnion, it is concluded that more than 160 million consumers are considered credit underserved in India. The study also found that about 5% of consumers who were credit undeserved transformed into credit-active consumers within a […]

A new set of guidelines regarding debit and credit cards was issued by the Reserve Bank of India (RBI) recently. These rules include the closure of credit cards and billings, etc. Any provisions relating to credit cards under the RBI Directions, 2022 (Credit Card and Debit Card – Issuance and Conduct) shall apply to every […]

While presenting the Union Budget for the year 2022-2023, Ms Nirmala Sitharaman announced that the Reserve Bank of India will launch its own Digital Rupee this year. Along with these, the Finance Minister has also emphasised how the CBDC (Central Bank Digital Currency) would help in shaping the Indian digital economy. Since then, ‘Digital Rupee’ […]