Regarding practices of banks in CIBIL Reporting

When a customer pay the entire outstanding amount per CIBIL report, why the banks are not accounting this with good value date?

If a loan ends by May 2016 but there are 7 EMIs pending as of 31-08-2016. When the borrower pays the amount which is demanded by the bank, then why the banks are not posting the cash to the appropriate month along with the interest.

Borrower pay the agreed cash and the interest for the delay, by anyway the banker is not loosing anything here but the customer CIBIL REPORT has the faling details and affect the CIBIL score as well.

Ram Narayanan
Kaplankarai, Coimbatore 642120, Tamil Nadu
Email: / 31/08/2016 / 12:11 am

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