https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10257600
Yeahhhhh
RBI asks banks to report to credit bureaus every two weeks
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RBI asks banks to report to credit bureaus every two weeks
This is going to change your info update on credit scores to be reflected quickly so now you can see your loans -repayments -enquires sooner
one con for those who like to repay before bill generation on credit cards to hack credit utilization is going to be nullified
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https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10257608
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10257650
No idea of credit cards bro, never had one and probably never would in future
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https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10257765
VU+ for the post to get this well known to all credit card users out there:)
very important news:)) no more hack using credit cards xDDD
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10257835
Isme khush hone ki baat hai ya dukhi? Kya fark padega considering i use cc heavely
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10257856
Not for every credit card user but few may have very significant changes
straight forward ,high spending , non manufactured spenders , non rotaters etc will have negligeable implications
Since some have pioneered LEGAL cash to acc via cc or would manufacture artificial low credit utilization or milk every last bit of juice on credit cards will have to think about this
basically for those who dont need credit need not worry
But those who need it badly are going to face burnt
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10257870
The day is not far when RBI will ask all banks to show credit card expenses in AIS report whether it is Rs 1 or Rs 10 lakh😄
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10257877
it is very near
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https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10258196
No worries, will now repay on the same day of spending 
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10258204
hmmm thats double hazzle, we can do this but 99% wont do
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https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10259044
Me chilling here with more than 90% utilisation and 780 CIBIL score.
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10259121
ya if you have good credit history utilization dont matter:) on the long run as long as you have good repayment and supporting loans:)
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10259142
RBI is suspecting money is coming to F&O through all credit channels
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10259160
oh nah money is coming from no more FDs in minds of youngsters xD
so banks are praying to get money lol
and RBI is trying to push blame on something lol
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10259221
doesn't matter to me, target already achieved, time to cut some off...
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10259484
Why no realtime reporting that too make data available publicly
https://www.desidime.com/discussions/rbi-asks-banks-to-report-to-credit-bureaus-every-two-weeks?page=1#post_10261634
Because of the reconciliation & other process it's still not possible
Yes it's a matter of time it should become realtime...making it public is still not contested policy
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There is no requirement as such. Only reason could be for rewards but i feel its too much hassle for 10-20k per month benefit.
Random frauds keep happening, also i dont have much requirement for travel and food offers so most credit card benefits are useless for me.