Crif Highmark News Today

The report by CRIF Highmark provides insights into the portfolio at risk across various buckets. It ranges from 0.3% to 2.1% as of June 2023. The report also highlights that delinquency has improved across all individual MSME loans, except for construction equipment loans, where payments are due between 181-360 days. These findings assume significance in understanding the risk and performance of different loan segments.

Any discrepancies in these reports can severely impact an individual’s borrowing capability. Therefore, swift and effective resolution of complaints is crucial

If you credit score is over 750-800, most banks and housing finance companies will offer their best – that is, lowest – interest rates to you.

RBI said it has decided to develop a web portal that would provide the facility of searching across multiple banks for possible unclaimed deposits. The search results will be enhanced by certain artificial intelligence tools.

Business loan grew by 25 per cent to Rs 13,73,899 crore, or 23 per cent of the total, up from 22 per cent a year ago, while personal loans jumped by 35 per cent to Rs 10,05,864 crore, which was 17 per cent of the total, and agri plus tractor loans gained 8 per cent to Rs 9,14,412 crore, or 19 per cent of the total, the analysis showed.

There has been a rise in the number of female retail loan borrowers by 25 per cent in past one year. Women have borrowed maximum amount of loan in the gold, property and home sector

Has the pandemic helped in reviving rural economy? : Rashtra News #pandemic #helped #reviving #rural #economy The pandemic may have actually led to reverse migration, though the jury is still out on whether there is a positive impact on rural demand and growth. The number of very small ticket business loans rose 100 percent since […]

Loans to bottom of pyramid pick up, but repayments still a concern SECTIONS Last Updated: Jan 08, 2021, 04:11 PM IST Share Synopsis As the loan moratorium period came to a close in August 2020, early delinquencies by value risky portfolio which were upto 30 days past due spiked up to as high as 15.7% as of September 2020. ThinkStock Photos The top 10 states retain 83% of the national GLP, as of September 2020. MUMBAI: The microfinance sector is slowly returning to normalcy with a spike in fresh...