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Pranjal Majumdar

Hey I am on Medial • 2m

"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

0 replies15 likes

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Pannag Bagepalli

Think out of the box • 28d

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

5 replies12 likes

Praveen Kumar

Start now or Regret ... • 4m

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

Founder at Stockware • 5m

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

0 replies2 likes

mg

News & updates • 1m

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

2 replies18 likes

Krishna Chaitanya

We are planning to s... • 23d

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

2 replies10 likes

BigLoot IN

BigLoot.in - Where S... • 5m

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.

4 replies3 likes

Anonymous

Hey I am on Medial • 1m

What restrictions has RBI imposed? on new india coopetative bank The RBI has prohibited the bank from: Granting or renewing loans and advances Making fresh investments Borrowing funds or accepting new deposits Disbursing payments except for essent

0 replies4 likes

Anonymous

Hey I am on Medial • 4m

Hey I am new to credit card game, purchased a product from flipkart I have some doubts regarding repayment Do i need to manually repay loan in credit card section of my bank app or it will automatically debit? I’m using canarabank credit card

4 replies3 likes

Trilok SHARMA

Entrepreneur • 3m

I have a problem solver idea ... Those who have not yet come in the market, those who are in debt, those who are defaulters, they do not get loan from anywhere, for them we should start a loan portal in which we will take care of everything from the

6 replies4 likes

Rohan Saha

complicated Investor • 1y

why the RBI isn't taking any action against P2P platforms for accepting lenders' money on their own balance sheets. According to RBI guidelines, P2P platforms cannot accept money on their own balance sheet or provide rapid liquidity to any lender, ye

4 replies8 likes