CREDIT SCORE
Ex-HDFC and ICICI Bank employee denied job by SBI for negative CIBIL score on loans taken for younger brother; loses legal challenge in court
A man's poor CIBIL score led to State Bank of India denying him a job. Despite clearing the exam and interview, his past loan defaults were a problem. The Madras High Court upheld SBI's decision. It stated banks can reject candidates with bad credit history. The court emphasized the need for financial discipline in banking jobs.
RBI pushes for real-time credit reporting to boost transparency and consumer experience
The Reserve Bank of India (RBI) is pushing for more frequent, real-time credit reporting to enhance transparency and consumer experience. Deputy Governor M Rajeshwar Rao highlighted the need for data accuracy and security amidst these advancements. Furthermore, a new 'grameen' credit score is on the horizon to improve financial inclusion for rural populations, particularly self-help groups.
Study flags critical AI vulnerabilities in fintech, healthcare apps
The research, conducted by cybersecurity startup Astra Security, shows how LLMs can be manipulated to leak sensitive data or make dangerous errors. The findings were presented at CERT-In Samvaad 2025, a government-backed cybersecurity conference.
Already watched Squid Game 3 and want more? Here are 5 Netflix shows to get your heart racing
Following the gripping conclusion of Squid Game, fans are seeking similar thrills. Several series capture the essence of survival, suspense, and social commentary. Alice in Borderland presents deadly games in a desolate Tokyo, while All Of Us Are Dead unleashes a zombie outbreak in a high school.
JioBlackRock Overnight Fund opens for subscription. Who should invest?
Jio BlackRock Mutual Fund introduces JioBlackRock Overnight Fund. Subscription is open until July 2. This scheme aims to generate regular income through debt and money market instruments. It is benchmarked against the Nifty 1D Rate Index. Minimum investment is Rs 500. Exit load is nil. Other funds like liquid fund and money market fund are also launched.
NFO Alert: JioBlackRock Money Market Fund opens today, offers low interest rate risk and moderate credit risk
Jio BlackRock Mutual Fund has launched the Jio BlackRock Money Market Fund, now open for subscription until July 2. The scheme aims to generate regular income by investing in money market instruments with maturities up to one year. It’s an open-ended debt fund offering relatively low interest rate risk and moderate credit risk, appealing to investors seeking short-term stability and income.
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JioBlackRock Liquid Fund NFO to open on June 30. A safe bet for regular income?
Jio BlackRock Mutual Fund is set to launch its first liquid fund - JioBlackRock Liquid Fund, and the NFO of the fund will open on June 30 and will close on July 2.
Lowest home loan EMI: These non-bank companies offer home loan interest rates starting at just 8%
The RBI since the beginning of 2025 has reduced the repo rate by 100 basis points, leading to a decrease in interest rates on home loans.
Predict, Prescribe, Prosper: Unlocking the power of data and AI in public sector banks
India's booming digital economy, propelled by initiatives like Digital India and UPI, presents a data goldmine for public sector banks. These banks are urged to move beyond traditional analytics and embrace AI to unlock growth, particularly in SME lending.
CIBIL broadens MSME scoring methodology to help lenders assess credit worthiness of borrowers
Transunion Cibil has enhanced its MSME scoring. This helps lenders assess credit worthiness better. The new model analyzes 36 months of credit history. It also examines repayment records before and after COVID. The model ranks borrowers from one to ten. One indicates the least default rate. Ten indicates the highest default rate. There are 94 lakh active commercial borrowers now.
Chinese handlers behind cyber frauds under Delhi Police radar
Delhi Police are investigating Chinese handlers involved in cyber fraud. Recent cases show Indian fraudsters collaborating with Chinese nationals abroad. These handlers use encrypted apps to contact accomplices. They offer money for SIM cards and bank accounts. Police are tracing handlers operating in India. Recent arrests include individuals duping people with fake online reviews and investment scams.
Household is where the heart is: What India’s smaller families tell us about big economic changes
Indian households are shrinking. Families now have fewer members. More households have multiple earners. But income inequality persists. Women are still not primary earners in most families. Policy and business strategies must adapt. They need to recognize household diversity. This shift impacts consumption, care, and finances. Businesses can offer tailored services. Policymakers should consider family-based interventions.
'Not good enough for CRED': Zerodha billionaire Nithin Kamath's credit score triggers viral banter, Kunal Shah chimes in
Despite being worth $2.6 billion, Nithin Kamath’s credit score isn’t high enough for CRED, prompting witty banter with the platform’s founder, Kunal Shah. Social media erupted as users flaunted higher scores and debated flaws in the credit system. The light-hearted post unexpectedly triggered a nationwide dialogue about creditworthiness and the transparency of India’s rating mechanisms.
No credit score? No problem: How a new fee system is helping India’s invisible students stay in college
A new EMI-based fee payment model is emerging in India, removing financial barriers for students from low-income families and smaller towns. This system allows tuition payments in monthly installments without requiring traditional loans, credit checks, or collateral. It supports students whose families lack stable income or formal employment, ensuring they can continue their education.
Credit One Bank Settlement 2025: Lawsuit, payment details, eligibility, and claim form
Credit One Bank faces a major class action lawsuit alleging misleading practices, inflated fees, and inaccurate reporting, impacting numerous consumers. A proposed settlement offers up to $1,000 for eligible individuals who can demonstrate financial harm with supporting documentation. This case highlights the need for transparency and accountability in the banking industry.
Fuelling Growth: PSU banks told to boost credit to crucial sectors
The government is encouraging state-run banks to increase lending to productive sectors, particularly MSMEs, through targeted Mudra financing and identification of high-employment clusters. Loan melas are planned for retail customers, following the RBI's recent rate cut to boost private sector investment. The government is also finalizing the Grameen Credit Score to improve credit access for SHGs and the rural population.
Steep rate cut set to provide NBFCs a healing touch
The Reserve Bank of India's interest rate cut is poised to significantly benefit non-banking finance companies by expanding their margins due to reduced funding costs. Easing of norms on unsecured loans and lower risk weights will facilitate increased bank lending to NBFCs, boosting their lending activities. Investors have responded positively, driving up NBFC stock prices.
Crorepati house! EMIs on Rs 1 crore home loan may drop to Rs 68,000 after RBI’s 50 bps rate cut
The Reserve Bank of India's significant 50 bps repo rate cut to 5.5% in June 2025 is poised to boost India's housing market by lowering home loan EMIs. This move, coupled with a CRR reduction, injects liquidity into the banking system, potentially making homeownership more accessible, especially in the affordable and mid-income segments and Tier 2 & 3 cities.
Fintechs tap rising health insurance costs with EMI-based premium financing for corporates, individuals
With health insurance premiums steadily rising, fintech startups like BimaPay Finsure and Finsall are making coverage more affordable by offering premium financing—spreading payments into EMIs rather than reducing costs. Initially targeted at individuals, this model is now being extended to corporates and MSMEs, helping them manage large group insurance premiums.
How fast you take loans also impacts your credit score, not just the amount: Bhavesh Jain, MD & CEO, TransUnion CIBIL
A lot more needs to be done to educate borrowers on the finer aspects of credit behaviour. Often, the borrowers don’t understand the impact of missing even one or two payments, says Bhavesh Jain, MD & CEO of TransUnion CIBIL.
ZET partners with SBM Bank for FD-backed credit card
ZET and SBM Bank (India) have launched an FD-backed credit card to help Indians build a credit score above 750. Targeting credit underserved and unserved populations, the card requires no prior credit history, links to UPI, and offers interest on fixed deposits, providing a secure, accessible path to credit empowerment.
Finwizz and Wishfin merge to build a leading omni-channel financial platform, eye IPO in 24 months
Finwizz and Wishfin are merging to form a tech-driven, omni-channel financial distribution platform targeting IPO in 24 months. The combined entity leverages Finwizz’s distribution and Wishfin’s digital strengths, aiming to scale credit aggregation and attract strategic capital.
Fewer credit scores, smaller classes and more: IIT Delhi revamps curriculum after 12 years; Check key changes here
IIT Delhi has overhauled its curriculum after 12 years, addressing student burden and evolving industry needs like AI and sustainability. The revamp, initiated in 2022, incorporates stakeholder feedback, reduces core credit load, and lowers first-year class sizes for personalized attention. It also introduces honors programs, integrated AI-based code generators, and mandatory sustainability training to prepare graduates for future challenges.
ICICI Bank discontinues its PayLater credit line on UPI for all customers; The bank answers what happens with customers
ICICI Bank will discontinue its PayLater service, a credit line on UPI. Customers must repay outstanding amounts by the due date to avoid penalties. Auto Pay transactions linked to PayLater accounts will be disabled, requiring users to update their payment methods for uninterrupted services. Timely repayment ensures no negative impact on credit scores.
Vets in its branch: MSME lender Moneyboxx tries a different approach to lending
Deepak Aggarwal, Co-founder, Co-CEO, and CFO of Moneyboxx, says that the company aims to go beyond merely providing loans, focusing on financing farmers and planting fruit-bearing trees.
Go Fintech eyes Australian expansion as global push for inclusive AI-driven finance accelerates
Go Fintech, a global financial technology firm, is set to expand into the Australian market, spearheaded by Executive Director Sadaf Roksana. The company plans to invest in early-stage fintech startups, focusing on AI-powered services and RegTech solutions. Go Fintech also aims to collaborate with financial institutions and regulatory bodies to implement AI-driven systems, enhancing financial inclusion for underserved communities.
Home loan interest rates less than 9%: 10 private banks offering lowest interest on home loan
Securing a home loan from private banks involves understanding interest rates, credit scores, and EMIs. Interest rates vary based on factors like credit score and loan tenure. Essential property documents such as the Sale Deed and Completion Certificate must be verified before purchase. Your salary influences the loan amount based on EMI/NMI ratio.
Home loan rate 8% or below: 10 banks offering lower interest rate to borrowers; check latest EMI on 30 lakh home loan
RBI's repo rate cuts in 2025, totaling 50 basis points, have lowered home loan interest rates below 8%. This reduction, following previous rate hikes, makes buying a home more affordable. Several public sector banks now offer floating-rate home loans with attractive interest rates, impacting EMIs based on credit score, benchmark rates, and loan amount.
How to check your credit score: A step-by-step guide to monitor your credit score
Keeping tabs on your credit score is vital for financial well-being. The RBI mandates one free annual credit report from agencies like CIBIL, Experian, Equifax, and CRIF High Mark.
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