With RBI mandating lenders to update credit records every 15 days, borrowers will face increased scrutiny, reducing their chances of taking several loans beyond their repayment capacity. A new Reserve Bank of India regulation has the potential to affect scores
Considerable cash transactions could lead to unnecessary scrutiny by the Income Tax Department. These rigorous regulations are designed not to discourage legitimate financial activities but to maintain the integrity of the financial system and prevent unlawful practices. The belief that
Increasing profitability is a crucial aspect of expanding and sustaining a business. For small and mid-sized CA firms, there are plenty of ways to do so. Whether the aim is to boost total sales and revenue, reduce costs, or implement
What is a CIBIL Commercial Report? The CIBIL Commercial Report provides you with a comprehensive and multi-dimensional credit file information on potential commercial borrowers so you can make more informed lending decisions. These borrowers include public limited companies, private limited
Are you a founder of a small business in search of funding? You have come to the right place! There are many ways a business or a startup can secure funding, such as borrowing from friends and family, crowdfunding, or
Dr Singh’s economic reforms changed India’s growth trajectory and paved the way for its emergence as a global economic powerhouse. India’s former Prime Minister Dr Manmohan Singh, who was the architect of India’s economic liberalisation, died on Thursday after “sudden
The Council also clarified that no GST is payable on the ‘penal charges’ levied and collected by banks and NBFCs from borrowers for non-compliance with loan terms. The GST Council at its 55th meeting chaired by Union Minister of Finance
Bank of Baroda has launched the Baroda Mahila Swavalamban, a loan initiative specifically designed for women entrepreneurs, featuring attractive interest rates and flexible terms. While the Smart OD scheme is a digital overdraft facility for GST-registered MSMEs. At a time
During the period, banks brought down overall gross NPAs from Rs 6.97 lakh crore (5.89 per cent of advances) in March 2022 to Rs 4.56 lakh crore (2.79 per cent) by March 2024, NPAs in the personal loan segment surged
A survey conducted by Home Credit India revealed that the main use of loans was for buying consumer durables followed by borrowing for business expansion and home renovation. A survey conducted by Home Credit India indicates that a significant portion
Expert insights, and industry updates to grow the financial health for your business.
