Wedding in Maharashtra called off over groom poor CIBIL score : Report

This unusual request was made by the groom’s uncle to verify the groom’s financial stability.

The Unconventional Reason Behind the Wedding Cancellation

The wedding ceremony was in full swing when the bride’s uncle suddenly appeared and requested to see the groom’s CIBIL score. The bride’s family was shocked and confused by this unusual request. The groom’s uncle claimed that he wanted to verify the groom’s financial stability before allowing the wedding to proceed.

The Groom’s Uncles’ Concerns

The groom’s uncle was concerned about the groom’s ability to support the bride and their future family. He was worried that the groom might not be able to manage the financial responsibilities of marriage. The uncle also wanted to ensure that the groom was not taking on too much debt. ## The Groom’s Response*

The Groom’s Response

The groom was taken aback by his uncle’s request. He explained that he had taken out loans to pay off his own debts and to invest in his future.

Understanding CIBIL Scores

CIBIL scores are calculated based on an individual’s credit history, which includes their payment history, credit utilization, and credit mix. The score is derived from the information available in the Credit Information Bureau of India Limited (CIBIL) database.

Factors Affecting CIBIL Scores

Payment history (30%): On-time payments, late payments, and defaults. Credit utilization (20%): The amount of credit used compared to the credit limit. Credit mix (20%): The variety of credit types, such as credit cards, loans, and mortgages. New credit (30%): New credit inquiries, applications, and accounts. ### How CIBIL Scores Are Calculated

How CIBIL Scores Are Calculated

CIBIL scores are calculated using a complex algorithm that takes into account the above factors.

The incident occurred on Saturday, March 18, 2023, at a wedding venue in the city’s upscale neighborhood of HSR Layout.

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The Chaos Unfolds

The wedding ceremony was underway when the groom, visibly intoxicated, began causing a ruckus. Witnesses described the scene as “chaotic” and “unpredictable,” with the groom stumbling and shouting loudly.