All Ci­bil Eggs in One Bas­ket

The Economic Times - - The Edit Page -

This refers to ‘For Re­tail Bor­row­ers, Good Score is No Credit’ (Apr 27). Both 850 and 750 Ci­bil scor­ers ends up pay­ing the same in­ter­est rate. Ac­tu­ally, the re­tail lend­ing model is based on a tem­plate where cer­tain pa­ram­e­ters are to be sat­is­fied for home, auto or per­sonal loan. While the dif­fer­ence be­tween high­e­s­tand low­es­trated bor­row­ers can be 100 ba­sis points in de­vel­oped na­tions, we haven’t ma­tured to that level. Though RBI gov­er­nor has high­lighted this fact, a change may be some time away.

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