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Pranjal Majumdar

Hey I am on Medial • 5m

"Big Changes in Credit Score Rules by RBI – Here’s How It Affects You!" Starting January 1, 2025, the RBI has introduced new rules that will make credit score updates faster and more accurate. Here’s what you need to know: ✅ Credit Score Updates Every 15 Days Earlier, banks updated credit scores every 30-45 days. Now, they must update it every 15 days. 💡 Why It’s Important: This means your credit report will reflect your latest financial activities faster. Whether you repay a loan or take a new one, it will show up sooner. 💼 Better Loan Approvals: Banks will be stricter in approving personal loans. This will reduce the chances of people taking too many loans and falling into debt. 🛠 Quick Error Corrections: If there’s a mistake in your credit report, banks must fix it faster. If they deny a correction request, they need to provide a valid reason. 🔄 Impact on Borrowers: With these changes, customers can get better loan offers, faster credit updates, and more accurate records

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mg

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Important RBI rules for credit cards Bank can't charge joining fee if customer has not activated their credit card CC should be automatically closed if not used for more than a year Rs 100 compensation per day for delay in closure of credit cards

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Pannag Bagepalli

Think out of the box • 3m

Hi guys, Bank Bazaar is showing my credit score 809, where as CRED app showing 774, how is it possible? which one is accurate?

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Praveen Kumar

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hii , At the age of 19 I have unfortunately taken a loan for my friend in mpocket and the loan was never paid.I have neglected that time because I don't have money .Now I am salaried with 5.2 lpa but I have less credit scores , so no credit card are

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Vikram Kumar

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Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

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Krishna Chaitanya

We are planning to s... • 3m

will banks allow us to take two loans showing same projects under different scheme to cover our entire project cost?

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Sandip Shah

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What if we have just an expense tracker that can track our credit card expenses. App will have 1. Multiple Banks Credit card Information 2. Max Limit and Available Limit Info 3. Transaction History 4. Statement Generation Date 5. Last Bill payed date

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BigLoot IN

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RBI has banned four NBFCs from issuing loans, including DMI Finance, Navi Finserv, Asirvad Finance, and Arohan Financial. The ban will take effect from October 21, 2024.

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Gangesh Rameshkumar

Figure it out • 5d

Today's term of the day: Credit Credit is a kind of loan handed out by financial institutions to businesses and individuals. You can think of it as the ability you have to borrow resources from a lender to pay at a later date, with interest for usin

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