TransUnion CIBIL Limited is a credit information company operating in India. It maintains credit files on 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is part of TransUnion, an American multinational group .
Video TransUnion CIBIL
Consumer Credit Reporting
TransUnion CIBIL aggregates consumer borrowing and payment information for the purpose of assessing loan risk and pricing credit (setting the interest rate). It has partnered with Chicago-based TransUnion.
Consumer credit scores are also used in unemployment decisions, although there are no studies in India showing that impaired credit leads to employee misconduct.
Maps TransUnion CIBIL
Business Credit Reporting
TransUnion CIBIL aggregates business financial and payment information for the purpose of assessing loan risk and pricing credit (setting the interest rate. It has partnered with New Jersey based Dun and Bradstreet. D&B maintains files on 150 million business worldwide.
Competition
Competitors to TransUnion CIBIL include:
- Equifax
- Experian
- High Mark Credit Information Services
History
- 2000: TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited) incorporated
- 2004: Credit bureau services are launched in India (Consumer Bureau).
- 2006: Commercial bureau operations commenced.
- 2007: CIBIL Score, India's first generic risk scoring model for banks and financial institutions, was introduced.
- 2010: Two firsts for the credit industry in India with the launch of:
- CIBIL Detect: India's first repository for information on high-risk activity.
- CIBIL Mortgage Check: The first centralized database on mortgages in India.
- 2011: CIBIL Score is made available to individual consumers.
- 2016: Transunion acquired 82% stake in CIBIL to become Transunion CIBIL.
- 2017: TransUnion CIBIL launches CIBIL MSME Rank to drive credit penetration in Micro, Small and Medium Enterprises and helping lenders assess risk better
- 2017: Bank of India sold its 5% share in the company for Rs190.6 crore, implying a value of US$592 million for TransUnion CIBIL
References
External links
- Official Website
- Reserve Bank of India
- CIBIL Kick starts operations
- 'Fraud repository will help banks'
- AccessFinance
- How to check CIBIL score
- CIBIL to provide one free credit report a year
- How to check Free CIBIL Credit score online
- How to Get a Free CIBIL Credit Score & Report in India Once in a Year
Source of article : Wikipedia
0 Comments