New CIBIL reporting frequencies of various banks from Jan 2025

[SSV]

Guys,
We already know that the new norms of cibil reporting comes into place w.e.f 1 Jan 2025.
As per the new rules ,the banks and other financial institutions should report outstanding balances of loans and credit card accounts atleast every fortnight. In this regard some banks adopted fortnightly and some adopted weekly reporting.
Let's collate the list of various banks with their frequency of reporting here in this thread..
The following is the list of Banks with their respective frequency and reporting dates in a month:
We will add more banks to this list as and when the information is available...

Weekly ( Four times, a month)

1. HDFC
   • 7th
   • 15th
   • 22nd
   • 30/31st ( ie month end)

Fortnightly ( Two times, a month )

1. Amex
   • statement date
   • statement date +15 days
2. Axis
   • 15th
   • 30/31st (month end)
3. BOB Cards
   • 15th
   • 30/31st ( month end)
4. YES Bank
   • 15th
   • 30/31st (month end)
5. SBM Bank
   • 15th
   • 30/31st (month end)

 

[SSV]

Also if other banks also can report the balance of the date of reporting, it would be helpful

Yes, technically it should be the way.. if someone is not following it then we can rasie the issue with the appropriate authority.. if someone has time to do this then the banks have to comply with it in future..

 

[vishp]

@SSV Is CIBIL frequently updating score after every bank reports its details? i.e. suppose ICICI reported yesterday, and SBI reported today, would cibil update score both yesterday and today?

 

[SSV]

@SSV Is CIBIL frequently updating score after every bank reports its details? i.e. suppose ICICI reported yesterday, and SBI reported today, would cibil update score both yesterday and today?

Yes , that's the whole point of cibil, it will be updated every day.

 

[Credit_Cards]

SBI will be peculiar to watch @SSV as for me they updated on 12th (usual reporting date) and again on 15th.

 

[lightwaves]

@SSV Is CIBIL frequently updating score after every bank reports its details? i.e. suppose ICICI reported yesterday, and SBI reported today, would cibil update score both yesterday and today?

Yes definitely! The score drops if you’ve an outstanding and improves if you don’t!

 

[lightwaves]

SBI will be peculiar to watch @SSV as for me they updated on 12th (usual reporting date) and again on 15th.

SBI being SBI

 

[ajijul_93rahman]

@SSV
Update:
SBI Card has reported to CIBIL on 15-01-2025, with the balance reflecting settled transactions.

Note: Transactions done on 14-01-2025 and 15-01-2025 (which were unsettled) were not included in the reported balance.

Previously, SBI Card used to report the statement balance as the current balance on due date + 3 days. For example, my statement date is 02nd of every month, and the last report by SBI was on 28-12-2024, reflecting the statement balance of 02-12-2024.

Now, SBI has changed its algorithm to report the current settled transaction balance on the 15th of the month. Based on this new reporting pattern, the next report is expected to be on 31-01-2025, reflecting the same balance of settled transactions.

 

[SSV]

Update:
SBI Card has reported to CIBIL on 15-01-2025, with the balance reflecting settled transactions.

Note: Transactions done on 14-01-2025 and 15-01-2025 (which were unsettled) were not included in the

It should always be like that..good to know that sbi is following the rules

 

[ajijul_93rahman]

It should always be like that..good to know that sbi is following the rules

Agreed! It's good to see SBI following the new norms. Consistency like this benefits everyone. 😊

 

[Everybody]

Can see RBL reporting date as 15/01/2025. Supposed to be month end right.

 

[Credit_Cards]

Can see RBL reporting date as 15/01/2025. Supposed to be month end right.

this is good now 15th and month will be normal for all banks except HDFC (weekly) and ICICI is still unknown

 

[asm07]

@SSV
Update:
SBI Card has reported to CIBIL on 15-01-2025, with the balance reflecting settled transactions.

Note: Transactions done on 14-01-2025 and 15-01-2025 (which were unsettled) were not included in the reported balance.

Previously, SBI Card used to report the statement balance as the current balance on due date + 3 days. For example, my statement date is 02nd of every month, and the last report by SBI was on 28-12-2024, reflecting the statement balance of 02-12-2024.

Now, SBI has changed its algorithm to report the current settled transaction balance on the 15th of the month. Based on this new reporting pattern, the next report is expected to be on 31-01-2025, reflecting the same balance of settled transactions.

I was also doubtful when I checked CIBIL yesterday. My SBI bill generation date is 9th of every month but in January is was reported on 15th. I knew about new reporting scheme but my doubt was regarding the balance amount. After seeing this post I was reassured about the balance update. It will be interesting to see how the utilisation matters now, we could keep the utilisation under desired limit for statement date reporting but now with fortnightly reporting, utilisation is about to change.

 

[MrReddy]

Hope we can get all the info (reporting dates) of other bank cards soon.

 

[SSV]

Hope we can get all the info (reporting dates) of other bank cards soon.

By mid Feb most of the banks info should be available..

 

[ajijul_93rahman]

I was also doubtful when I checked CIBIL yesterday. My SBI bill generation date is 9th of every month but in January is was reported on 15th. I knew about new reporting scheme but my doubt was regarding the balance amount. After seeing this post I was reassured about the balance update. It will be interesting to see how the utilisation matters now, we could keep the utilisation under desired limit for statement date reporting but now with fortnightly reporting, utilisation is about to change.

Glad my post could clarify your doubts! You're right—fortnightly reporting will definitely make us more mindful of utilization throughout the month, not just around the statement date. It'll be interesting to see how this impacts credit management strategies moving forward.

 

[itzmycard]

Icici waiting for rbi bamboo. haven't reported for more than one month on my accounts

 

[Credit_Cards]

I was also doubtful when I checked CIBIL yesterday. My SBI bill generation date is 9th of every month but in January is was reported on 15th. I knew about new reporting scheme but my doubt was regarding the balance amount. After seeing this post I was reassured about the balance update. It will be interesting to see how the utilisation matters now, we could keep the utilisation under desired limit for statement date reporting but now with fortnightly reporting, utilisation is about to change.

we will somehow manage utilization

 

[Credit_Cards]

Icici waiting for rbi bamboo. haven't reported for more than one month on my accounts

they are laziest of all

 

[aniketkr.sharma]

Icici waiting for rbi bamboo. haven't reported for more than one month on my accounts

Mine from 3 months not reported
Last reported 2/10/2024
Bill outstanding still 50k impact is now seen when it's dues on only one card out of 5, its effecting 10 points up & down.

Whenever hdfc reports some amount it goes 779 and when hdfc reports 0 it goes 789.

Icici kept 50k from last 3 months impacting and it's also not letting the cibil score increase.

 

[ankushaa]

Indusind reported in 16th ... Last reporting was 31st/dec ... Bill generation on 3rd but strange is it's only showing in alert not under report while report still shows as 31\12 .... And even billed or outstanding is of dec 31st