background preloader

CRIF High Mark - A leading Credit Bureau in India

Related:  analyticscrifhighmarkcrifrahilagadnehasoni2

Consumer, Commercial, Microfinance Credit Bureau - CRIF Is One-Stop Shop Know more about applicant before approving a loan using CRIF's comprehensive credit bureau reports and manage risks early. The reports come with a Credit Score, a statistical score in the RBI recommended range of 300-900, which enables automating decisions. The credit bureau reports are available for Consumer (Individuals), Commercial (Non-Individuals) and Microfinance segment of applicants. Consumer Credit Report and Score Does a Failed Credit Card Payment Pull Down Your Credit Score? Rohan is browsing through his mail. He sees the monthly credit card bill sitting in his inbox, oh-so-proudly. It was his birthday month and his bank gave him a new credit card with a generous limit. And this leads to the crux of the matter: he crossed the planned budget! Now, he is contemplating if he should pay a partial amount this month and the rest next month or leave all of it for the end of the month, when he receives his salary. He thought to himself,What if I miss just one odd credit card payment?

5 habits to maintain a healthy credit score – Authored Article by Wilfred Sigler Credit score is a three-digit number that stands for your creditworthiness. This means it is used to determine your creditworthiness for loans and credit cards. It also plays a major role in determining your loan terms. So, the interest rates offered, and the repayment standings are all based on your credit score. Creating a credit history is easy. It is important to have a score in place; you should continuously keep a tab on its progress.

Improve Your Collection Efficiency by Use of CRIFs credit solutions Manage your collections more efficiently by use of data, analytical and automation solutions provided by CRIF – reduce your cost and improve collection rates. Predictive Analytics Leverage power of statistics and analytics built on application data, credit bureau data and additional data points to help predict risk and support decisions. Credit card industry grows by 44% YoY: CRIF CreditScape CRIF high mark, one of the leading credit bureaus, has released the ‘CRIF CreditScape: Credit Cards’, to dive deep into trends and analysis for insights of the overall credit system in India with data points until December 2019. CreditScape showed the credit card industry portfolio at a remarkable Rs 1,24,390 crore reflecting a 44% y-o-y growth with active cards in circulation at 50.1 million with a 25% y-o-y growth. Borrowers opting for a credit card for the first time increased by 3x in a span of 4 years.

Due Diligence plays a critical role in minimizing & managing risk in a business In today's globalized economy, Due Diligence plays a critical role in making a success of a prospective business transaction, whether it be a merger, a contract with a new supplier or establishing a partnership with another company. The sole purpose of the due diligence is to minimize and manage risk before embarking in any kind of cooperation. At the end of the day, your company's standing, reliability, and degree of success, all depends upon selecting suitable and dependable customers, investors and partners. Delinquencies in The Credit Card Industry Improved By 5 Bps In 2019 The overall volume delinquency (90-day) in the credit card industry improved by 5 basis points (bps) in 2019 and stood at 0.8 per cent, with private banks improving their performance compared to other card financiers. According to a report by credit bureau CRIF High Mark, “Volume delinquency 30+ (30-day) or private banks improved by two basis points over the previous year while volume delinquency 90+ improved by seven basis points as of Dec 2019. Volume delinquency 30+ for other card financiers remained high, increasing by 14 bps Y-o-Y in Dec 2019, while volume delinquency 90+ remained stable but above 1 per cent in Dec 2019”.

DURASHINE® Color Coated Profile Sheet Job Title: Manager Corporate Strategy Qualification: B.E with MBA from Premiere Institute Location: Pune Corporate Office Post Covid-19, Retail Lending to Get A Boost Through Digitization – Authored Article by Navin Chandani In a matter of a few weeks, the world has experienced a level of disruption that is likely to change everything that had been the norm in financial services. Before the COVID-19 outbreak, the lending industry was experiencing steady growth. Despite increasing consumer expectations and increased competition from non-traditional financial institutions, most banks were stronger than at any period since the financial crisis of 2008, backed by the role of technology. COVID-19 has undoubtedly changed the way financial institutions are approaching customer interactions in the future. From the lending journey being a mix of physical and digital processes, there is a swift movement towards complete digital journeys.

By LYSAGHT®Tata BlueScope Steel Job Title: Manager Corporate Strategy Qualification: B.E with MBA from Premiere Institute Location: Pune Corporate Office Work Experience: Experience in corporate planning and strategy preferably in manufacturing segment. Experience in strategy, planning, financial & business analysis, project management would be preferable. Candidate with business/strategy consulting experience from 2nd level consulting firms 3 Key Factors That Can Influence Your Business Credit Report A business credit report, also known as a company credit report is a comprehensive document detailing the financial records of an organization using the information supplied by different creditors and lenders. In return, this report is referred by other lenders to analyze the subject’s creditworthiness before lending them a credit. Besides lending purposes, many companies may look up a business credit report as a part of their due diligence process before entering into a deal, merging, acquiring, or onboarding new suppliers. A credit report is compiled by a commercial credit bureau such as CRIF who also provide credit score for companies. Let us look at what a typical business credit report looks includes. What’s in my business credit report?

Designing Modern Work Café for Smart Co-Working Spaces - HNI India It does not come as a surprise that Cafés have always been the hot spot for business rendezvous and client meetings. But today, Cafés are increasingly turning into retreats for office going employees too who seek to work, away from work. Of course, office goers love their coffee, but this is more about the entire experience which attracts employees to coffee houses like bees to flowers. People like the buzz of a bustling environment, the smell of coffee, and the fact that there’s no one there to disturb them in the middle of their work. Research has shown that a moderate level of ambient noise, such as the clattering of plates and the whir of a coffee machine, improves focus.

All you need to know about a good credit score! Sangeeta and Ritu are colleagues who are planning to make big purchases. They both apply for personal loans against their salary accounts but only one of them gets an approved loan response. Why does that happen? Every time you approach a bank for a loan or credit card, they first pull out your credit score. Any score above 750 is an excellent score.