New Delhi, April 20 (IANS) The National Payments Corporation of India (NPCI)-backed BHIM app will now allow users to view their credit scores alongside everyday transactions, following a tie-up between TransUnion CIBIL and NPCI BHIM Services Limited, it was announced on Monday.With this integration, users can directly check their CIBIL Score and Credit Information Report on the BHIM app, enabling them to track their credit health without leaving the platform.Moreover, access to credit data will …
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New Delhi, April 14 (IANS) Gold loans in India have expanded fourfold over the past three years, with the average ticket size nearly doubling to nearly Rs 2 lakh, indicating a sharp rise in borrower demand and growing acceptance of gold-backed credit, a report showed on Tuesday.According to a report by TransUnion CIBIL, gold loan balances have grown nearly four times since March 2022, with their share in India’s retail credit portfolio rising from 5.9 per cent to around 11 per cent by December…
New Delhi, April 8 (IANS) Women in India are no longer just accessing small loans — they are now actively shaping the country’s credit market by moving into retail and business lending, NITI Aayog CEO Nidhi Chhibber said.A new report released by NITI Aayog highlighted a major shift in how women engage with the formal credit system.Titled “From Borrowers to Builders: Women and India’s Evolving Credit Market”, the report showed that women are increasingly benefiting from the expansion of …
New Delhi, March 31 (IANS) Gold loans have emerged as the leading segment in India’s retail credit market, accounting for loan volumes at 36 per cent and around 40 per cent by value, driven by rising gold prices and increasing consumer preference for secured borrowing, a report said on Tuesday.The report by TransUnion CIBIL showed that the surge has been supported by a sharp increase in ticket sizes, with the average gold loan amount rising significantly over the past two years to around Rs 1….
New Delhi, Dec 25 (IANS) Over the past years, the government has undertaken a historic wave of reforms, abolishing over 40,000 unnecessary compliances and repealing more than 1,500 outdated laws, thus creating a modern, efficient, and citizen-friendly ecosystem. The GST rate rationalisation, which came into effect from September 22 this year, was one such ‘Big Bang reform’ towards building a ‘Viksit Bharat’.On the 79th Independence Day, Prime Minister Narendra Modi addressed the nation and a…