The CIBIL score becomes an important factor in getting a house loan, a car loan or any other kind of loan approved at a good interest rate. So it is always advisable to maintain a good CIBIL score to prevent avoidable financial burdens ahead.

Money-Wise: Your credit score matters. Here's how to maintain a good one after CIBIL updates

HDFC Bank Ltd. has sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load amid regulatory pressures on the industry as detailed in a report by Bloomberg.

HDFC Bank sells $717 million of home loans to bring down credit book

Japan's net external assets reached a record high of 3 trillion dollars in 2023. This marks the sixth consecutive year of increase, driven by a weak Yen and significant overseas corporate acquisitions. As a result, Japan retains its position as the world's largest creditor, outpacing Germany & China.

Japan tops the charts as the world's biggest creditor

In a financial landscape where uncertainty often plays the wild card, visa's latest earnings report dealt a winning hand, revealing insights into consumer sentiment that are nothing short of aces. The report showcased a resilient consumer base boldly swiping their cards for everything from globetrotting adventures to fine dining escapades.

What Visa's earnings say about consumer sentiment

Visa's report showcased a resilient consumer base boldly swiping their cards for everything from Globetrotting Adventures to fine dining escapades. Here's more take a look.

Is Cash still king of the credit world?

December saw the weakest rate of loan growth in China's history as the country's borrowing demand is still negatively impacted by poor business confidence. The central bank said that loans denominated in Chinese yuan increased by 10.4% during the month, the smallest growth in the data going back to 2003.

Weak business confidence continues to weigh on China

In a strategic move earlier this fall, Morgan Stanley executed a $300 million risk transfer deal, obtaining protection against potential losses on loans. The deal, undisclosed until now and quoted by Reuters, involves issuing credit-linked notes, essentially serving as insurance for the bank.

Financial creativity or regulatory concerns? The unveiling of Banks' strategies in credit risk transfer

Credit rating agency Moody's has downgraded Egypt's sovereign rating to junk, spooking investors who now fear that the nation is likely to default on its debt. The credit rating agency cited the country's worsening debt affordability for the downgrade. Debt affordability refers to the ability of a country to repay its debt.

Moody's downgrades Egypt

Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates curbing bank credit, with markets such as the United States and Japan driving the rise, the Institute of International Finance (IIF) said on Tuesday.

Global debt hits record $307 trillion, debt ratios climb

A month after its collapse, the troubles seem to be far from over for swiss banking giant credit Suisse. An investment company has told a London court during a trial that credit Suisse has "Learnt nothing" from the 2008 financial crisis.

Credit Suisse's legal trouble continues

A technical glitch was reported by some users of Google Pay on the internet according to which $10 to $1,000 (around ₹80,000) was credited to their bank accounts.

Google Pay accidentally credits $1,072 to few accounts, Musk reacts 'Noice'

Bank stocks were under pressure on Wednesday as the sharp drop of Credit Suisse rattled a segment of the market that was already reeling from two large bank failures in the past week.

Financial shares fall as Credit Suisse becomes latest crisis for the sector

Equifax, Experian and TransUnion — the giant credit reporting companies that each keep files on roughly 200 million Americans — said Friday that they will soon wipe away credit stains created by certain medical debts.

Credit companies will remove stains from repaid medical debts

From infrastructure to credit, India has reached out to its neighbours from Nepal to Sri Lanka in a number of ways. On Tuesday, India and Nepal signed a MoU for the construction of a motorable bridge over the Mahakali River with Indian grant assistance.

Infrastructure​​​​​​​, credit and aid, India reaches out to the neighbourhood

Since July, all but the most affluent families across the country have been receiving child tax credits as monthly cash payments — a first-of-its-kind policy jujitsu that converted a tax break, usually given out as a lump sum at the end of the financial year, into an additional income that expanded America’s safety net.

‘A blessing and a relief’: How four families used the child tax credit

China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing`s latest tightening of scrutiny.

Chinese regulators to push tech giants to share consumer credit data

Consumer borrowing behaviour of Indian youngsters

The government's decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth is credit positive for companies because it will enable them to generate higher post-tax incomes, Moody`s Investors Service said on Saturday.

Corporate tax reduction is credit positive for companies but increases government's fiscal risks: Moody's

Reserve Bank of India(RBI) board members N Chandrasekaran along with other members are meeting today amid reports of government pushing for massive capital transfer from India's central banker.

RBI board members meet as government seeks credit, liquidity

Australia is one of the only nations to hold top AAA credit rating, having dodged recession during the global financial crisis

Australia may risk its AAA credit rating over possible hung Parliament

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