New Delhi, Nov. 26 -- When evaluating credit card and loan applications, banks and NBFCs consider various factors, including the applicant's credit score, income, age, work experience, and other relevant details. The applicant's credit score is an important eligibility criterion. Banks usually consider a credit score of 750 or above as favourable for approving credit card and loan applications. In such a scenario, a timely update of the credit score and report by credit information companies (CICs) is important.

In this regard, on 29th September 2025, the RBI made an important announcement. In this article, we will examine how credit scores will be updated every week and what will be its implications for both banks and their customers. ...