Credit Score: What you should never do to ruin this crucial metric

Credit Score: What you should never do to ruin this crucial metric

A batsman is as good as his last score. You cannot fault a banker if he tweaks it to say “Any loan applicant is as good as his current credit score”. In fact, the credit score is the first parameter that any lending institution – bank or NBFC – turns to before sanctioning/discarding a loan … Read more

Rate cut now could be ‘risky, premature’, warns RBI governor

Rate cut now could be ‘risky, premature’, warns RBI governor

Hoping for lower EMIs (equated monthly instalments) on home loans, car loans and personal loans, if you were pinning your financial planning on a rate cut decision by the Reserve Bank of India (RBI) in the next MPC (monetary policy committee) meeting or sometime in the near future, go back to your drawing board again. … Read more