Banks Consider Legality of Checking Borrowers' Criminal Records

Banks in India are thinking about checking if people who want loans have any criminal records.

They want to do this because people with criminal backgrounds can be harder to collect money from.

Right now, banks mostly check credit scores and cash flow, but they think adding this extra check could help them make better decisions.

Some experts say this can be good because it helps banks understand the risks better.

But they also say banks should be careful not to judge people too harshly based on old or minor crimes.

Banks need to follow the law and get permission before they check these records.