Financial Institutions

How Credit Bureaus Are Powering India's Financial Inclusion In the first episode of India for the World Podcast by Mint and Boston Consulting Group (BCG), host Gopika Gopakumar explores how credit bureaus are reshaping access to finance in India. Featuring V. Anantharaman, Chairman of TransUnion CIBIL, and Yashraj Erande, BCG - India Leader, Financial Institutions Practice, and Global Leader, Fintech Practice, the conversation dives into the journey of credit bureaus, their role in democratizing credit, and how tech and data are accelerating financial inclusion. From policy-making insights to future predictions for 2047, this episode decodes how India is building a more inclusive and robust financial ecosystem.

We should brace for a tumultuous period because the anti-thesis to the elite capture is still evolving

If you have a bad credit score, your loan application will either get rejected or you will have to pay higher interest than an individual who has a better credit score

Artificial intelligence is gathering steam on the back of increasingly sophisticated algorithms, greater and more widespread availability of Big Data

Thanks to recent advances in AI technologies, the modern financial systems can understand, reason and learn just like humans; so, they have the ability to anticipate financial crises

There is a material possibility that investee companies considered prime in the ESG (environmental, social and governance) rankings by asset managers may in fact be subprime

India's pension regulator PFRDA plans to increase compensation for financial institutions and post offices to boost enrolment

Finance minister Arun Jaitley urges financial institutions, including Nabard, and banks to focus on funding the unorganized sector so that employment in the sector goes up

Panellists at the Mint Fintech Summit say customers' search for seamless movement between transactions with their banks and other financial institutions will spur innovation in fintech

The finance ministry has concluded interviews of 32 candidates for the post of managing directors of Exim Bank, IFCI, Sidbi and IIFCL