This shift from the previous monthly cycle ensures a more accurate and up-to-date reflection of borrowers' financial ...

The RBI's revised regulation also seeks to end 'evergreening,' a practice where borrowers take new loans to repay old ones, ...

Loan installments (EMIs) are paid on different dates within a month. Updating credit records once a month could delay showing ...

The change aims to improve credit score accuracy and ensure timely reflection of borrowers' financial activities.

RBI mandates lenders to update credit records every 15 days, enhancing credit score accuracy and borrower representation.

Financial management is key in the modern world. Auto-debit facilities help us make timely payments, without the hassle of ...

Earlier, updates were only done on credit score every month, which would delay the effect of loan repayment as it happens.

The revised guidelines, announced in August this year, include acceptance of public deposits like those relating to ...

Retail borrowers will be less likely to over-leverage loans in the new year. Lenders must now update credit bureau records ...

The Reserve Bank of India (RBI) has announced a policy change. Effective December 27, the new regulation enables holders of ...

Under the new guidelines, depositors can withdraw the full amount of small deposits, defined as those up to ₹10,000, within ...