What is a CIBIL score? How can you improve your CIBIL score?
Finance

What is a CIBIL score? How can you improve your CIBIL score?

Imagine you're in your college. You get a good amount of pocket money, which is more than your monthly expenses; hence you always end up saving some money in the end. Now imagine two of your classmates come to you on different days and ask you for some money. Now, since you only have limited savings, you can afford to help out only one of them. How do you decide whom you will lend the money to? 

Continue Reading about 12 days ago
Comparison of Indian Banking with Other Emerging Markets
Economy

Comparison of Indian Banking with Other Emerging Markets

Indian banking has been in the news for all the wrong reasons in recent times. However, this cannot be denied that the fundamentals of Indian banking are strong and they enjoy the fair trust of its depositors.

Continue Reading about 8 months ago
Credit Rating Agencies
Invest

Credit Rating Agencies' Business Model

If you pick up a business newspaper, you will find the name of at least one of Fitch, Moody, or S&P. In fact, in the recent news associated with Indian slowdown, you would see GDP forecasts by Ind-Ra, ICRA, or CRISIL at least once in every quarter.

Continue Reading about 8 months ago
What is Rating shopping and How it can be stopped?
Invest

What is Rating shopping and How it can be stopped?

Once there was an ugly guy named ‘IL&FS’ who although knew he looked ugly but, was not ready to accept it publicly. He asked one of his acquaintances “How do I look? Give me a fair opinion.” To which the person replied “Well… To be straightforward, I would say you don’t look attractive.” IL&FS thought, this is not acceptable. I’ll pay and ask someone else. So, he went to another acquaintance and said “I’ll pay you handsomely if you tell me that I look good!” Of course, the person said “Oh! you look quite handsome!” IL&FS accepted it with pleasure and posted it on social media and everywhere else that “I look quite handsome according to…”. Just think, he bought an opinion, right? That’s what happens in case of credit rating given to companies. And, that’s what RBI calls ‘Rating Shopping’.

Continue Reading about 9 months ago