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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
