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    CIBIL or credit score drop can cost you Rs 19 lakh more on a Rs 50 lakh home loan; 4 ways to avoid it

    Many social media users are reporting sudden credit score dips. Erroneous transactions, lender misreporting, and late credit card or BNPL payments, over-utilisation of credit limits are some culprits. If you have a poor credit score or CIBIL score, you'll have pay to a few lakhs extra for any big-ticket loan such as a home loan. It pays to be aware of why credit scores drop suddenly and how it can impact your life. ET Wealth Online speaks to various experts to decode how to maintain a healthy credit score or CIBIL score.

    RBI to set up a fintech repository to increase transparency in lending by fintech

    To help in increasing transparency in fintech lending RBI has proposed to come up with a Fintech Innovation Hub through which fintech would be encouraged to share inflation voluntarily. The central bank has said that it will operationalise this hub by April 2024. While this move by RBI will help an orderly growth of fintech industry but it will also help borrower in the long run.

    EMI on UPI Payments: Now ICICI Bank customers can scan a QR code and pay via UPI EMI

    ICICI Bank has introduced EMI facility for UPI payments made by scanning QR codes. ​​The newly launched PayLater EMI facility for UPI payments can be availed for purchasing electronic items, groceries, and apparel. It can also be used for travel and hotel bookings.

    Digital lending apps issue clarifications after Centre's ban on loan apps

    Some digital lending apps on Wednesday issued clarifications as the industry entered a panic mode after the Centre banned nearly 138 gambling apps and 94 loan apps over "Chinese linkage" concerns.

    Fintech firm PayMe India elevates Vineet Daniel as CTO

    Daniel joined the company as deputy product and technology officer a few months back. In his new role, he will be working closely with Mahesh Shukla, the founder and CEO, to define, prioritise and realise the product roadmap of the company.

    Paytm's early investors clock returns despite lacklustre listing

    Paytm’s market cap settled at $13.6 billion, lower than the $16 billion valuation it commanded at its last private fundraising. Its early backers, including SoftBank, Ant Group, Alibaba and Elevation Capital, still made money from the listing.

    The Economic Times
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