Credit score Current Affairs, GK & News
It is the statistical summary of the individual bits of information on the credit report of an entity. A credit score predicts how likely it is that a company or individual will repay debts. Banks use this information to take a decision whether to sanction the loan or not and if so, the applicable rate ..
Credit Information Bureau (India) Ltd (CIBIL) is likely to bring in a “Risk Index” that will assist country’s banks in making faster decisions on extending loans to corporates and business houses. Banks would be able to gauge the potential of a company in servicing its loan by looking at its position in the index. The ..