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34 lakh home loans worth Rs 9 lakh crore was disbursed during Jan’22 to Dec ...
Market size of retail loan industry crossed Rs 100 lakh crore mark in 2022 65 million active consumer durable loans were reported to bureau, it registered annual growth of 48% from December 2021 to December 2022 Gold loan witnessed highest growth of 23% from December 2020 to December 2021 and 57% from December 2021 t ...
July 10, 2023
Microfinance Industry poised for growth with disbursements increasing 11% Y ...
MUMBAI, April 04, 2023: The 15th edition of “Microfinance Pulse”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS’21 to JAS’22. Not for Profit MFIs witnessed highest growth in terms of disbursement amount and in terms of number of loan disbursed, NBFCs are leading by 63% from JAS’21 to JAS’22. Highest number of loans ...
July 10, 2023
Equifax Launches Household Combined Credit Report for the Microfinance Segm ...
MUMBAI, FEBRUARY 20, 2023: Equifax Credit Information Services Private Limited (ECIS), a leading credit bureau, today announced the launch of the Household Combined Credit Report for the Microfinance segment. The report eases the processes of Microfinance loan underwriting by enabling easier assessment of the credit capacity of an applicant based on the total household. Previously, lenders could only view the reported income a ...
July 10, 2023
OBC Signs MoU with Equifax Credit Information Services
OBC Signs MoU with Equifax Credit Information Services 20 Feb 2011 The Economic Times Edition: Mumbai, Kolkata, New Delhi, Pune, Bangalore Pg: 10 Oriental Bank of Commerce has signed a MoU with Equifax Credit Information Services. Seen in the picture are Nagesh Pydah, CMD, S. C. Sinha, ED, V. Kannan, ED & C. M. Khurana GM of OBC at the MoU signing ceremony between OBC & EQUIFAX at New Delhi. ...
July 05, 2023
Children’s Day 2019: Keeping your child away from money lessons? This may b ...
Published: November 14, 2019 1:40:55 PM Do you know why Monopoly became such a popular family game? It is because it teaches children a variety of financial lessons while having fun. A classic board game used by parents, Monopoly educates kids about budgeting and spending thereby making the younger ones aware of the grown-up concepts of financial management and planning. We live in a world of virtual fin ...
November 15, 2019
Equifax India launches Credit Insights for Retail with intuitive navigation ...
Equifax India launches Credit Insights for Retail with intuitive navigation and superior visualization of data One-stop solution for data insights to deliver competitive analysis and credit industry trends MUMBAI, September 26, 2019: Equifax India, registered as Equifax Credit Information Services Private Limited (ECIS), today announced the launch of Credit Insights, a data intelligence ...
September 26, 2019
Microfinance reaching less than 20% of potential household: Equifax’s Manu ...
ETRise | By Shariq Khan Equifax, a global data analytics and technology company, and Small Industries Development Bank of India (SIDBI) recently came together to launch ‘Microfinance Pulse’ – a newsletter to track the lending trends in the country's microfinance landscape. The newsletter reported that Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) continue to maintain their market dominance ...
September 18, 2019
Equifax India recognized and featured as "The 10 Most Promising Analytics C ...
Nanaiah Kalengada, Managing Director, Equifax Credit Information Services Private Limited and Country Leader - India & MEA, Equifax Equifax operates in India through Equifax Credit Information Services Private Limited (ECIS) and Equifax Analytics Pvt. Ltd (EA). The credit bureau, ECIS, a joint venture between Equifax Inc., USA and six leading Indian financial institution ...
September 02, 2019
Benefits of real-time employment verification
In an ideal world, before rolling out an offer, employers would like to know that their prospective candidate’s past employment records are in order and consistent with their claims. An employer should be able to ascertain the past work experience on-demand and hire a new employee with confidence. In the absence of such a mechanism, the effort and cost that is invested in new recruits can go down the drain if detrimental information is discover ...
August 31, 2019
Microfinance institutions turn to background screening
Moneycontrol | Saraswathy@maamitalks The MFI industry, that has around 80,000-85,000 employees, was one of the sectors that did not consider background verification of employees an important factor in the recruitment process. An Andhra Pradesh-based microfinance institution (MFI) recently decided to thoroughly screen all its sales-force after complaints of mis selling from rural customers. It now checks their previous ...
August 27, 2019
Shift to lower-cost, secured loans
Sanjay Kumar Singh Updated at August 21, 2019 21:53 IST With the economy slowing down, and sectors like auto and auto ancillaries, small and medium enterprises, and so on witnessing job losses and distress, retail loan growth is slowing down, according to Reserve Bank of India data. SBI Mutual Fund chief investment officer Navneet Muhnot, too, pointed out recently that households have been saving less and borrowing more to fue ...
August 22, 2019