CIBIL Score Loan Rejection: Finance Ministry Clarifies Rules   Executive Summary The Finance Ministry clarified that CIBIL Score Loan Rejection cannot be applied to first-time borrowers. RBI rules allow banks to evaluate applicants on multiple factors, not just credit scores. Four CICs operate in India: CIBIL, Equifax, Experian, CRIF High Mark. First-time borrowers are protected from CIBIL Score Loan Rejection under RBI directives. NFIR will soon centralize financial data, but CIBIL continues as India’s leading […]

India Online Gaming Ban – A High-Stakes Legislative Gamble or a Missed Chance for Regulation Executive Summary The India Online Gaming Ban seeks to prohibit online money-based gaming. Impacts MSMEs, startups, fintechs, ad agencies, and payment institutions. Regulation with age-gating, AML compliance, and heavy taxation could be more effective than prohibition. Creates a uniform law across India, replacing state-level patchwork. Could affect FDI, jobs, and gaming startups in India. Definition & Scope The India Online […]

NBFC Retail Credit Market Growth to Expand Investor Base – CRISIL Report NBFC Retail Credit Market Growth to Expand Investor Base – CRISIL Report Executive Summary / Key Highlights CRISIL Intelligence projects 14–16% CAGR in the Indian retail credit market between FY25–FY28. NBFCs are poised to expand their investor base and diversify funding channels. FY25 retail credit stood at ₹82 trillion, with 14% growth in the year. Key growth drivers: housing finance, vehicle loans, gold […]

AU Small Finance Bank Universal Bank Transition Road to Status – RBI Approval, Compliance & Strategy Executive Summary / Key Highlights RBI Approval: AU Small Finance Bank (AU SFB) has received in-principle RBI approval to transition into a universal bank. Compliance Deadline: The bank must restructure within 18 months, creating a Non-Operating Financial Holding Company (NoFHC) and rebranding. Founder’s Plan: Sanjay Agarwal, MD & CEO, will focus entirely on the bank until retirement, with no […]

RBI Co-Lending Guidelines 2025 – Mandatory 10% Loan Retention & Compliance Roadmap for Banks & NBFCs  Executive Summary / Key Highlights RBI Co-Lending New Mandate: Each lender in a co-lending arrangement (CLA) must retain at least 10% of the loan on its books. Broader Applicability: Co-lending now extended to all commercial banks (except SFBs), financial institutions, NBFCs, and Housing Finance Companies (HFCs). Loan Transfer Timeline: Originating lender must transfer the loan share to co-lender within […]