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News, views and stories on creditworthiness.
The Department of Public Enterprises (DPE) has pushed Maharatna and Navratna Central Public Sector Enterprises (CPSEs) to strengthen their credit profiles and engage more closely with rating agencies to improve access to domestic and global debt markets at competitive rates.
India needs to be proactive on the safety and security aspects of artificial intelligence, particularly in the financial sector, Chief Economic Adviser V. Anantha Nageswaran said on Friday, cautioning that AI should not become a tool for exclusion and that humans must remain in the loop.
Pune (Maharashtra) [India], October 7: Bajaj Markets, a leading digital financial marketplace, now provides free and instant CIBIL score updates. This feature allows users to stay on top of their credit health, helping them make informed decisions about loans, credit cards, and other financial products.
Pune (Maharashtra) [India], March 17: Before approving a loan, lenders assess an applicant's creditworthiness, whether the loan is for purchasing a home, for personal use or for business needs. With the rising popularity of digital lending, getting a loan has become easier. A good credit score goes a long way to help applicants access funds using an instant loan app.
Pune (Maharashtra) [India], January 31: Identity theft and fraudulent loan apps are becoming more common with the rise of digital lending. In fact, more than 2,200 loan apps were removed or suspended from the Play Store between September 2022 and August 2023. In the same vein, more than 45% of Indians are said to have encountered identity theft.
