Page 2 - Credit Market

RBI releases master direction on reporting of customers credit information

The RBI on Monday came out with a master direction consolidating various instructions issued to banks and other financial institutions on reporting of the credit information of their customers. As per the master direction, credit information companies (CICs) will have to send alerts through SMS/ email to customers when their Credit Information Report (CIR) is accessed by the specified users (SUs). "The alerts shall be sent by CICs only when the CIR enquiry reflects in the CIR of the customer," said the Master Direction Reserve Bank of India (Credit Information Reporting) Directions, 2025. Also, Credit Institutions (CIs), which include banks and Non-Banking Financial Companies (NBFCs), will have to inform customers the reasons for the rejection of their request for data correction, if any, to enable such customers to better understand the issues in the CIR. "Complainants shall be entitled to a compensation of Rs 100 per calendar day in case their complaint is not resolved within a

India's credit market reflects K-shaped pattern, says Nomura report

Share of consumption loans is increasing, while share of asset-creating loans is falling

MultiPlan Corp signs agreement with creditors to refinance $4.5 bn debt

Holders of about 78 per cent of various bonds and term loans have agreed to the deal, which targets debt due between 2026 and 2028

SBI's business may hit Rs 100 trillion in FY26, says Chairman CS Setty

Sets three-year horizon for achieving net profit of Rs 1 trn per annum

BlackRock agrees to buy private credit group HPS Investment Partners

BlackRock, the world's largest asset manager overseeing more than $10 trillion, is seeking to capitalize on a boom in investor demand for alternative assets, ranging from private equity to infra

60% of lenders on P2P platforms earned returns of over 20%: Report

26% of them faced partial losses to their principal amounts, says lending platform

Credit for growth: Enhanced credit flow to boost MSME investment, growth

Since credit is growing at a healthy pace, lenders must properly evaluate businesses before extending credit

Bain-backed 360 One WAM plans largest private credit fund in India

A growing pipeline of deals is nudging India's private credit market closer to the $10 billion mark as Prime Minister Narendra Modi's infrastructure push fuels a boom in funding among mid-sized firms

Hot India's private credit market faces risks as exuberance grows

Local firms are fueling competition with global giants such Cerberus and Oaktree Capital Management

Bank deposit growth moderates to 11.8% in early October: RBI data

Banks have calibrated credit growth, keeping in mind the challenge of raising deposits as well as RBI's concerns over the high pace of growth in the unsecured credit segment

Give borrower info until loan cycle or shutdown: RBI to credit institutions

In these cases, the repayment history of these entities' borrowers is not updated, even if they continue to repay or clear their dues

Lending takes turn for U: How new credit platform can be a game changer

Moving pieces need to be synchronised for Unified Lending Interface to work

Idea behind SROs is not to make them more regulatory: Anish Mashruwala

The idea of SRO is not to make it more regulatory but it's more decentralisation from the regulator to allow a larger sense of how a particular product in the industry should develop, he says

RBI mandates fortnightly credit information reporting to boost transparency

Credit institutions (CIs) are required to report the credit information of their borrowers to credit information companies

RBI moots certain regulatory principles for models of credit management

The model should have the necessary scalability and flexibility to meet the needs of dynamic business conditions

RBI Governor Das asks banks to step up efforts to fight digital frauds

RBI governor, deputy governor met CEOs of public sector banks, private banks

Retail loan growth moderates to 17.8% due to slowdown in unsecured credit

Within the retail segment, credit growth in housing, the largest constituent of the retail category

PayU's LazyPay partners with Blinkit to offer customers with credit line

The latest partnership will provide the Zomato-led quick commerce platform's customers with a credit line, at no additional cost to merchants

Vacuum for Indian MSMEs seeking growth finance: Nishu Malhotra, ADM Capital

In India, shift to private credit, Nishu said, started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy code, Real Estate Regulatory Authority (RERA) Act etc.

Corporate loan rejig underway to improve margins: Canara Bank MD & CEO

Raju says the bank expects to improve net interest margin (NIM) on completion of this corporate loan rejig