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CIBIL: Expanding Information Sources to Rate First Time Borrowers

The Credit Information Bureau (India) Ltd (CIBIL) has written to Reserve Bank of India (RBI), Irda and Trai to enable the Bureau to collect data from service providers that would facilitate the first time borrowers to have an indicative credit score. Speaking on the sidelines of Fifth Annual Credit Information Conference, organised by CIBIL, M V Nair, chairman, CIBIL said that ... Read More »

India: CIBIL Score Helps Reducing NPAs

According to CIBIL report the loan borrowers with the higher CIBIL score will have more chances of getting the loan and credit card applications approved by the bank.  This assessment tool has helped a lot in controlling the defaults and much improvement is noticed in Asset quality with the help of the CIBIL score records. With the assistance of the ... Read More »

TransUnion Acquires Majority Interest in Credit Information Bureau India Limited (CIBIL)

TransUnion announced that it is now the majority owner of Credit Information Bureau (India) Limited (CIBIL).  TransUnion has been accumulating additional holdings in CIBIL in recent years, and the announcement comes after the company received regulatory approval to achieve majority ownership in the organization.  TransUnion has been active in the Indian marketplace since 2001 as CIBIL’s technology, analytics and decisioning ... Read More »

Timely Credit Information Helps Curtail Bad Debt: Indian Bankers Say

There has been a decline in defaults thanks to the credit information tools, said bankers who participated at the fourth annual credit information conference of CIBIL in Chennai. Credit institutions in India rely on Credit Information Bureau (India) Ltd’s credit report and CIBIL TransUnion Score for credit decision making.  The company maintains information on over 305 million consumer trades and 15 million commercial trades. ... Read More »

CIBIL Launches ALERT Service

According to the Hindu Business Line, the India based credit bureau Cibil will soon launch a new service that will alert banks about defaults and on any profile change of an identified set of customers, quoting Arun Thukral, Managing Director of CIBIL. The service is designated to be called ALERT.  It is subscription-based and its objectives are to help member-banks ... Read More »

CIBIL and TransUnion Launch ‘CIBIL TransUnion Score 2.0’

Advanced  scoring formula ensures better risk prediction Also provides a score for borrowers with less than 6 months credit history Drives inclusive financing for many more eligible borrowers thus improving credit penetration Credit Information Bureau (India) Limited (CIBIL) and TransUnion announced the launch of the latest version of the credit score – CIBIL TransUnion Score 2.0. This new scoring model ... Read More »

CIBIL India Appoints Shri. M.V. Nair as Chairman

Credit Information Bureau (India) Limited (CIBIL) announced that Shri. M.V. Nair has been appointed as the Chairman of CIBIL. Shri. Nair is currently the Chairman & Managing Director of Union Bank of India and a member on the Management Committee of the Indian Banks Association (IBA). Commenting on his appointment Shri M. V. Nair has said “CIBIL’s exemplary growth in ... Read More »


Credit Information Bureau (India) Limited (CIBIL) has been granted ‘In-principle approval’ for Certificate of Registration by the Reserve Bank of India. The approval is in line with the provisions of the Credit Information Companies (Regulation) Act, 2005, which regulates the flow of credit information in the country. Commenting on receiving the approval, Mr. Arun Thukral, Managing Director, CIBIL said, “We ... Read More »