A lower CIBIL score enables banks to charge higher interest rates. This raises questions about a concerning nexus between financial institutions and credit bureaus.
The collapse of the highly rated infrastructure operator-financier IL&FS Group exposed the fault lines under Indian shadow banks’ impressive credit edifice.
The question is one of identifying what datasets are being used to arrive at credit scores and if there is a need to set boundaries beyond which the law must step in.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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