Need a Mortgage Registry

There is a flip side to the Basantani story as well. In the credit card business, issuers were forced to find a solution to the problem of wilful defaulters and fraudsters. With the help of MasterCard, they created a defaulters’ list (popularly known as the Satyam List, since it was hosted by that company) to weed out bad borrowers. The regulator reacted much later by encouraging the growth of...

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