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NBFCs, as an important component of India’s financial system, have been boosting credit inclusion among people and businesses by enhancing access and overcoming price inefficiencies through new product solutions and delivery strategies. In terms of credit penetration among individuals and businesses, India ranks lower than the major emerging and developed
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One of the essential parameters that is used to assess your creditworthiness is your credit score. It is the first step for financial institutions to conclude whether an applicant can be lent money in today’s banking structure. If you have a business, your credit score can have an impact on
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COVID-19 was an unprecedented crisis that caused dramatic changes to major global economies. The pandemic turned the world upside down and impacted every person’s life in some way or the other. What started as a gigantic health crisis slowly paved the way for colossal damage to the jobs and incomes
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A credit score is a criterion that often acts as one of the most significant aspects of determining your financial well-being. It informs lenders and financial institutions how responsibly you handle and settle credit. Hence, the higher your credit score, the more effortless it will be for you to get