Strong credit rating is no longer sufficient for banks to advance loans to corporates. Worried over the rise in bad loans, lenders are combing individual financial reports of promoters and board officials to look for clues or patterns that could ring an alarm bell. India's leading credit information agency Cibil says banks are actively seeking such reports to make informed decisions. "Bankers want to know the financial discipline of their borrowers. Such data provides critical information on the people who are involved in running the company on a daily basis," said Cibil's managing director Arun Thukral.
Source: Economic Times
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