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Credit where it’s due Delhi tops Paisabazaar’s most credit healthy cities
MUMBAI: Looks like Delhiites aren’t just keeping up with the Joneses, they’re paying them back on time too. According to Paisabazaar’s insights report “How India Checked Credit Score”, the capital has emerged as India’s most credit-healthy city, with 46 per cent of its consumers scoring well and an average score of 746.
Close on its heels is Pune, where 44 per cent of participants posted an average of 744, while Kerala (43 per cent at 745) and Chandigarh (43 per cent at 744) round off the top credit-conscious quartet. The findings were drawn from the Credit Premier League (CPL), a gamified contest that saw a whopping 4.7 million participants from 710 cities track and test their financial fitness over 30 days.
The competition wasn’t just about averages, it also produced some standout high scores. Five participants from Bangalore, Jaipur, Lucknow, Kerala and Pune touched 861 out of 900, the highest in the country, while a Chennai contestant followed closely with 859.
Interestingly, the most active cities weren’t the healthiest ones Mumbai, Hyderabad and Lucknow together clocked nearly 1.5 million participants. More than half of all players came from the millennial bracket (29–44 years), highlighting just how deeply younger Indians are engaging with financial health.
Women may have been fewer in number, making up just 8 per cent of participants, but they left a mark too, one-third hailed from southern cities such as Chennai, Hyderabad and Bangalore. Adding to the fun was a quirky Ghibli-style selfie feature that allowed participants to generate animated selfies showcasing their credit scores, sparking a social media wave of “score-sharing”.
“Consumers are engaging with their credit health like never before,” said Paisabazaar CEO Santosh Agarwal adding that CPL has helped make conversations around financial fitness truly mainstream.
From quirky selfies to sky-high scores, the Credit Premier League has proved one thing, when it comes to money matters, India is ready to play the long game.
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Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
