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{{Short description|Indian credit bureau}}
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{{Use dmy dates|date=November 2018}}
{{Article for deletion/dated|page=TransUnion CIBIL|timestamp=20170826174416|year=2017|month=August|day=26|substed=yes|help=off}}
{{Use Indian English|date=November 2018}}
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{{Multiple issues|
{{POV|date=November 2013}}
{{advert|date=November 2013}}
{{refimprove|date=August 2015}}
}}
{{Infobox company
{{Infobox company
| name = TransUnion CIBIL Limited
| name = TransUnion CIBIL Limited
| logo = [[File:TU.png|250px|TU]]
| logo = [[File:TU.png|250px|TU]]
| logo_size =
| logo_size =
| logo_alt =
| logo_alt =
| logo_caption =
| logo_caption =
| logo_padding =
| logo_padding =
| image =
| image =
| image_size =
| image_size =
| image_alt =
| image_alt =
| image_caption =
| image_caption =
| trading_name =
| trading_name =
| former_name =
| former_name = Credit Information Bureau (India) Limited
| type = Credit Information Company
| type = Credit Information Company
| traded_as =
| traded_as =
| ISIN =
| ISIN =
| industry =
| industry =
| fate =
| fate =
| successor = <!-- or: | successors = -->
| successor = <!-- or: | successors = -->
| founded = [[Mumbai]], [[Maharashtra]], India ({{start date and age|df=yes|2000|08}})
| founded = [[Mumbai]], [[Maharashtra]], India ({{start date and age|df=yes|2000|08}})
| founder = <!-- or: | founders = -->
| founder = <!-- or: | founders = -->
| defunct = <!-- {{end date|YYYY|MM|DD}} -->
| defunct = <!-- {{end date|df=yes|YYYY|MM|DD}} -->
| hq_location = One Indiabulls Centre, Tower 2A-2B,19th Floor, Senapati Bapat Marg, [[Lower Parel]]
| hq_location = One Indiabulls Centre, Tower 2A-2B,19th Floor, Senapati Bapat Marg, [[Lower Parel]]
| hq_location_city = [[Mumbai]], [[Maharashtra]]
| hq_location_city = [[Mumbai]], [[Maharashtra]]
| hq_location_country = India
| hq_location_country = India
| coordinates =
| num_locations =
| num_locations =
| num_locations_year = <!-- Year of num_locations data (when known) -->
| num_locations_year = <!-- Year of num_locations data (when known) -->
| area_served = India
| area_served = India
| key_people = Rajesh Kumar <small>([[Managing Director]])</small><ref>{{cite news|title=Rajesh Kumar - CEO/Managing Director, TransUnion CIBIL Ltd|url=https://www.bloomberg.com/profile/person/21566859|accessdate=24 May 2022|publisher=Bloomberg}}</ref>
| key_people = Satish Pillai <small>([[Managing Director]])</small><ref>{{cite news|title=Satish Pillai, new MD & CEO of CIBIL|url=http://www.thehindubusinessline.com/companies/satish-pillai-new-md-ceo-of-cibil/article7403622.ece|accessdate=2 August 2015|publisher=[[Business Line]]|date=9 July 2015}}</ref><ref name="hindustantimes1">{{cite web|url=http://www.hindustantimes.com/Cibil-to-launch-mortgage-default-database/Article1-568987.aspx |title=Cibil to launch mortgage default database |publisher=Hindustan Times |date=2010-07-08 |accessdate=2010-12-08}}{{failed verification|date=August 2015}}</ref><br />M.V.Nair <small>([[Chairman]])</small><ref name="thehindubusinessline2005">{{cite web|url=http://www.thehindubusinessline.com/2005/05/17/stories/2005051700970600.htm |title=SBI, HDFC dilute stake in CIBIL |publisher=The Hindu Business Line |date=2005-05-17 |accessdate=2010-12-08}}</ref>
| brands =
| brands =
| services = Research, Risk and Policy [[Financial adviser|Advisory]]
| services = Research, Risk and Policy [[Financial adviser|Advisory]]
| revenue =
| revenue =
| revenue_year = <!-- Year of revenue data (when known) -->
| revenue_year = <!-- Year of revenue data (when known) -->
| operating_income =
| operating_income =
| income_year = <!-- Year of operating_income data (when known) -->
| income_year = <!-- Year of operating_income data (when known) -->
| net_income = <!-- or: | profit = -->
| net_income = <!-- or: | profit = -->
| net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (when known) -->
| net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (when known) -->
| aum = <!-- Only for financial-service companies -->
| aum = <!-- Only for financial-service companies -->
| assets =
| assets =
| assets_year = <!-- Year of assets data (when known) -->
| assets_year = <!-- Year of assets data (when known) -->
| equity =
| equity =
| equity_year = <!-- Year of equity data (when known) -->
| equity_year = <!-- Year of equity data (when known) -->
| owner = <!-- or: | owners = -->
| owner = <!-- or: | owners = -->
| members =
| members =
| members_year = <!-- Year of members data (when known) -->
| members_year = <!-- Year of members data (when known) -->
| num_employees =
| num_employees =
| num_employees_year = <!-- Year of num_employees data (when known) -->
| num_employees_year = <!-- Year of num_employees data (when known) -->
| parent =
| parent =
| divisions =
| divisions =
| subsid =
| subsid =
| module = <!-- Used to embed other templates -->
| module = <!-- Used to embed other templates -->
| ratio = <!-- Basel III ratio, for BANKS ONLY -->
| ratio = <!-- Basel III ratio, for BANKS ONLY -->
| rating = <!-- credit rating, for BANKS ONLY -->
| rating = <!-- credit rating, for BANKS ONLY -->
| footnotes =
| footnotes =
| intl = yes
| website = {{URL|https://www.transunioncibil.com/}}
| website = {{URL|https://www.transunioncibil.com/}}
}}
}}


'''TransUnion CIBIL Limited''' is a [[credit bureau|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.<ref>{{cite web|title=India to get three new credit data bureaus|url=http://www.livemint.com/Home-Page/a0DDNYf6He8Nb50kEREqtK/India-to-get-three-new-credit-data-bureaus.html |website=Live Mint|date=1 June 2009}}</ref><ref>{{cite news|title=CIBIL eyes new sectors for growth|url=https://timesofindia.indiatimes.com/business/india-business/CIBIL-eyes-new-sectors-for-growth/articleshow/47741102.cms|accessdate=27 October 2017|publisher=Times of India|date=20 June 2015}}</ref>
'''TransUnion CIBIL Limited''' is a [[credit bureau]] operating in India.


==Consumer credit reporting==
==TransUnion CIBIL business==
{{main|Credit bureau#India}}
TransUnion CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards. These records are submitted to TransUnion CIBIL by member banks and credit institutions, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to credit institutions in order to help evaluate and approve loan applications. TransUnion CIBIL was created to play a critical role in India’s financial system, helping loan providers manage their business.


Trans Union 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]].<ref name="creditvidya">{{cite web|url=http://www.creditvidya.com/credit-score/importance-of-cibil-credit-score-cs103.aspx |title=Important of Cibil Credit Score |publisher=Credit Vidya |date=2012-05-17 |accessdate=2010-12-08}}</ref><ref name="creditvidya1">{{cite web|url=http://creditvidya.com/credit-score/how-to-get-your-cibil-credit-score-online-cs107.aspx |title=How to get Cibil Score Online |publisher=CreditVidya |date=2012-05-17 |accessdate=2010-12-08}}</ref>
For credit grantors to gain a complete picture of the payment history of a credit applicant, they must be able to gain access to the applicant's complete credit record that may be spread over different institutions. CIBIL collects commercial and consumer credit-related data and collates such data to create and distribute credit reports<ref name="Paisabazaar">{{cite news|url=http://www.paisabazaar.com/credit-score/difference-between-credit-report-and-credit-score/|title=Difference Between Credit Report and Credit Score|date=2017-03-03|publisher=Paisabazaar}}</ref> to its Members which are credit institutions and banks in India. CIBIL’s over 2600 strong member base includes all leading public & private sector banks, financial institutions, non-banking financial companies and housing finance companies.<ref>{{cite web|title=How Cibil score check chances of landing a job|url=http://www.freescoreindia.com/articles/how-does-cibil-score-impact-my-employability.html|website=freescoreindia|accessdate=26 December 2015}}</ref>


Consumer credit scores are also used in unemployment decisions,<ref>{{cite web|title=How Cibil score check chances of landing a job|url=http://www.freescoreindia.com/articles/how-does-cibil-score-impact-my-employability.html|website=freescoreindia|accessdate=26 December 2015}}</ref> although there are no studies in India showing that impaired credit leads to employee misconduct and unemployment.<ref>{{cite news|last1=Shetty|first1=Mayur|title=Employers add credit score to list of employee background checks|url=http://timesofindia.indiatimes.com/business/india-business/employers-add-credit-score-to-list-of-employee-background-checks/articleshow/58248581.cms|accessdate=6 September 2017|publisher=Times of India|date=18 April 2017}}</ref>
The Credit Information Report (CIR) and CIBIL Score are used in the loan approval process. Once the loan provider has decided which set of loan applicants to evaluate, it analyzes the CIR / Score in order to determine the applicant’s eligibility.{{citation needed|date=December 2016}} Eligibility basically means the applicants ability to take additional debt and repay additional outflows given their current commitments. Post completion of these first 2 steps the loan provider will request for the applicants income proof and other relevant documents in order to finally sanction the loan.


==Business credit reporting==
The CIBIL Score and Report help loan providers identify consumers who are likely to be able to pay back their loans. An individual with a credit score above 750 has better bargaining power with the lenders, since he is perceived as a responsible borrower.<ref name="creditvidya">{{cite web|url=http://www.creditvidya.com/credit-score/importance-of-cibil-credit-score-cs103.aspx |title=Important of Cibil Credit Score |publisher=Credit Vidya |date=2012-05-17 |accessdate=2010-12-08}}</ref> Since consumers can now access their Credit Scores and CIRs directly from CIBIL at the cost of INR 500,<ref name="creditvidya1">{{cite web|url=http://creditvidya.com/credit-score/how-to-get-your-cibil-credit-score-online-cs107.aspx |title=How to get Cibil Score Online |publisher=CreditVidya |date=2012-05-17 |accessdate=2010-12-08}}</ref> they can see for themselves how they are perceived by the lenders before applying for a loan. Hence, CIBIL empowers both loan providers and individuals to see their financial and credit history more clearly and hence, take better and more informed decisions.
{{main|Credit bureau#India}}


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.<ref>"[http://www.dnb.com/company.html About Us]." Dun & Bradstreet. Retrieved on 1 October 2012. "HQ info: 103 John F. Kennedy Parkway Short Hills, NJ 07078"</ref>
==History and origin==
TransUnion CIBIL Limited (Formerly: Credit Information Bureau (India) Limited) was founded in August 2000.


== CIBIL full form ==
==Milestones==
CIBIL is fully known as Credit Information Bureau (India) Limited


== What is CIBIL score? ==
* '''2000:''' TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited) was incorporated based on recommendations made by the RBI Siddiqui Committee.
CIBIL score is a bank's assessment of a client's trustworthiness based on information from their credit history. The higher the score, the more favourable the bank is to the client. It is a 3-digit number ranging between 300 and 900. Ideally, 720 or above score considered as a good CIBIL score. It tells your financial health and your previous records of loans.
* '''2004:''' Credit bureau services are launched in India (Consumer Bureau).<ref>{{cite web|title=India to get three new credit data bureaus|url=http://www.livemint.com/Home-Page/a0DDNYf6He8Nb50kEREqtK/India-to-get-three-new-credit-data-bureaus.html |website=Live Mint|date=1 June 2009}}</ref>
* '''2006:''' Commercial bureau operations commenced.
* '''2007:''' CIBIL Score, India’s first generic risk scoring model for banks and financial institutions, was introduced.<ref>{{cite web|title=TransUnion CIBIL Limited: Everything You Must Know|url=http://www.bankexamstoday.com/2017/01/transunion-cibil-limited-everything-you.html|website=Bank Exams Today|date=2 January 2017}}</ref><ref>{{cite web|title=Everything About : TransUnion CIBIL Limited|url=http://www.aimsuccess.in/2017/01/everything-about-transunion-cibil.html|website=Aim Success}}</ref>
* '''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.<ref>{{cite web|title=CIBIL and TransUnion launch CIBIL Detect|url=http://www.indiainfoline.com/article/news-business/cibil-and-transunion-launch-cibil-detect-113101302150_1.html |website=India Infoline}}</ref>
** CIBIL Mortgage Check: The first centralized database on mortgages in India.<ref>{{cite web|title=CIBIL and TransUnion launch CIBIL Mortgage Check|url=http://www.business-standard.com/article/companies/cibil-and-transunion-launch-cibil-mortgage-check-110090200169_1.html |website=Business Standard|accessdate=2 September 2010}}</ref>
* '''2011:''' CIBIL Score is made available to individual consumers.
* '''2017:''' TransUnion CIBIL launches CIBIL MSME Rank to drive credit penetration in Micro, Small and Medium Enterprises and helping lenders assess risk better <ref>{{cite web|title=TransUnion CIBIL launches credit risk ranking for MSMEs|url=http://www.smetimes.in/smetimes/news/top-stories/2017/Mar/01/transunion-cibil-launches-credit-risk-rank-for-msmes1634269.html|website=SME Times|date=1 March 2017}}</ref><ref>{{cite web|title=TransUnion CIBIL introduces ranking for MSMEs|url=http://bankingfrontiers.com/transunion-cibil-introduces-ranking-msmes/ |website=Bank Frontiers|date=1 March 2017}}</ref>


== CRIF vs. CIBIL ==
==Divisions==
Banks and financial organisations widely use CRIF and CIBIL.<ref>{{Cite web |date=2021-11-03 |title=CIBIL Score: Full Form, What it is? Difference Between Credit Score & CIBIL |url=https://www.buddyloan.com/blog/what-is-cibil-score/ |access-date=2022-07-05 |website=Buddy Loan Official Blog |language=en-US}}</ref> Both of them are more or less the same. Here's a comparative analysis of CRIF and CIBIL


'''CRIF Credit Scores:'''
CIBIL houses credit on over 600 million trades across individuals and businesses, organised into three divisions: Consumer Bureau, Commercial Bureau and MFI Bureau.
{| class="wikitable"
|300–500
|'''Very low'''
|-
|500-650
|'''Low'''
|-
|650–750
|'''Great'''
|-
|750-900
|'''Excellent'''
|}
'''CIBIL Credit Scores:'''
{| class="wikitable"
|<600
|'''Low'''
|-
|600-649
|'''Difficult'''
|-
|650-699
|'''Possible'''
|-
|700-749
|'''Good'''
|-
|750-900
|'''Excellent'''
|}


Higher CIBIL scores make your loan journey easy and smooth. They also help you secure lower interest rates on your unsecured loans. Your CIBIL score is affected by your loan history. It is influenced by various factors such as past settlements of loans or credit cards, delayed payments or overdue amounts, and unpaid loans. If your CIBIL score is low, it becomes significantly harder to obtain any type of loan. However, CIBIL scores can be improved,<ref>{{cite web | url=https://beingaman.in/how-to-improve-a-bad-cibil-score-quickly/ | title=How to Improve a Bad CIBIL Score Quickly? - | date=14 November 2023 }}</ref> though this process usually takes about 4–8 months. To achieve a good CIBIL score, it is crucial to pay your EMIs and credit card bills on time.<ref>{{cite web |title=Increase CIBIL Score |url=https://newsfrom360.in/finance/increase-cibil-score/ |website=NewsFrom360.in |access-date=6 February 2024 |date=4 February 2024}}</ref>
The Consumer Bureau was launched in 2004 with 4 million records, and now maintains more than 600 million records. The Commercial Bureau was launched in 2006 with 0.7 million records, and now maintains more than 32 million records.<ref>{{cite web|title=Money Indices|url=http://www.moneyindices.com/detail_news.php?id=138|website=Money Indices|accessdate=26 December 2015}}</ref>


==Competition==
==Technical partners==
Competitors to TransUnion CIBIL include:
* [[TransUnion]] International- a leading global credit bureau with presence in over 30 countries.
* [[High Mark Credit Information Services|CRIF High Mark]]
* [[Dun and Bradstreet]] - a leading global provider of credit information and insights on businesses.
* [[Equifax]]
* [[Experian]]

==History==

* 2000: CIBIL (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.<ref>{{cite web|title=Everything About : TransUnion CIBIL Limited|url=http://www.aimsuccess.in/2017/01/everything-about-transunion-cibil.html|website=Aim Success|date=11 July 2022 }}</ref>
* 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.<ref>{{cite web|title=CIBIL and TransUnion launch CIBIL Detect|url=http://www.indiainfoline.com/article/news-business/cibil-and-transunion-launch-cibil-detect-113101302150_1.html |website=India Infoline}}</ref>
** CIBIL Mortgage Check: The first centralized database on mortgages in India.<ref>{{cite web|title=CIBIL and TransUnion launch CIBIL Mortgage Check|url=http://www.business-standard.com/article/companies/cibil-and-transunion-launch-cibil-mortgage-check-110090200169_1.html |website=Business Standard|date=2 September 2010 |accessdate=2 September 2010}}</ref>
* 2011: CIBIL Score is made available to individual consumers.
* 2016: Transunion acquired 92.1% 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 <ref>{{cite web|title=TransUnion CIBIL launches credit risk ranking for MSMEs|url=http://www.smetimes.in/smetimes/news/top-stories/2017/Mar/01/transunion-cibil-launches-credit-risk-rank-for-msmes1634269.html|website=SME Times|date=1 March 2017}}</ref><ref>{{cite web|title=TransUnion CIBIL introduces ranking for MSMEs|url=http://bankingfrontiers.com/transunion-cibil-introduces-ranking-msmes/ |website=Bank Frontiers|date=1 March 2017}}</ref>
*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<ref>{{cite news|title=BoI to complete sale of 29.96% stake in STCI Finance by month-end|url=http://www.financialexpress.com/market/boi-to-complete-sale-of-29-96-stake-in-stci-finance-by-month-end/830289/|accessdate=6 September 2017|newspaper=Financial Express|date=29 August 2017}}</ref>


== References ==
== References ==
Line 108: Line 141:
==External links==
==External links==
*[https://www.transunioncibil.com/ Official Website]
*[https://www.transunioncibil.com/ Official Website]

*[http://www.rbi.org.in/scripts/AnnualReportPublications.aspx?Id=814 Reserve Bank of India]
{{Financial services in India}}
*[http://www.domain-b.com/companies/companies_c/credit_information/20040506_operations.htm CIBIL Kick starts operations]
*[http://www.business-standard.com/india/news/fraud-repository-will-help-banks/17/54/342156/ 'Fraud repository will help banks']
*[http://siteresources.worldbank.org/INTACCESSFINANCE/64187549-1139518316481/20820511/AF2_Basu_article.pdf AccessFinance]
*[https://news.manikarthik.com/check-cibil-credit-score-free/money/ How to check CIBIL score]
*[http://profit.ndtv.com/news/your-money/article-cibil-to-provide-one-free-credit-report-a-year-raghuram-rajan-1432736 CIBIL to provide one free credit report a year]
*[https://www.creditseva.com/blog/get-free-credit-score-report-india/ How to Get a Free CIBIL Credit Score & Report in India Once in a Year]


[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Companies established in 2000]]
[[Category:Financial services companies established in 2000]]
[[Category:Credit rating agencies in India]]
[[Category:2016 mergers and acquisitions]]
[[Category:Indian subsidiaries of foreign companies]]
[[Category:Indian companies established in 2000]]
[[Category:2000 establishments in Maharashtra]]

Latest revision as of 22:44, 23 September 2024

TransUnion CIBIL Limited
FormerlyCredit Information Bureau (India) Limited
Company typeCredit Information Company
FoundedMumbai, Maharashtra, India (August 2000; 24 years ago (2000-08))
HeadquartersOne Indiabulls Centre, Tower 2A-2B,19th Floor, Senapati Bapat Marg, Lower Parel,
Mumbai, Maharashtra
,
India
Area served
India
Key people
Rajesh Kumar (Managing Director)[1]
ServicesResearch, Risk and Policy Advisory
Websitewww.transunioncibil.com

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.[2][3]

Consumer credit reporting

[edit]
Main article: Credit bureau § India

Trans Union 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.[4][5]

Consumer credit scores are also used in unemployment decisions,[6] although there are no studies in India showing that impaired credit leads to employee misconduct and unemployment.[7]

Business credit reporting

[edit]
Main article: Credit bureau § India

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.[8]

CIBIL full form

[edit]

CIBIL is fully known as Credit Information Bureau (India) Limited

What is CIBIL score?

[edit]

CIBIL score is a bank's assessment of a client's trustworthiness based on information from their credit history. The higher the score, the more favourable the bank is to the client. It is a 3-digit number ranging between 300 and 900. Ideally, 720 or above score considered as a good CIBIL score. It tells your financial health and your previous records of loans.

CRIF vs. CIBIL

[edit]

Banks and financial organisations widely use CRIF and CIBIL.[9] Both of them are more or less the same. Here's a comparative analysis of CRIF and CIBIL

CRIF Credit Scores:

300–500 Very low
500-650 Low
650–750 Great
750-900 Excellent

CIBIL Credit Scores:

<600 Low
600-649 Difficult
650-699 Possible
700-749 Good
750-900 Excellent

Higher CIBIL scores make your loan journey easy and smooth. They also help you secure lower interest rates on your unsecured loans. Your CIBIL score is affected by your loan history. It is influenced by various factors such as past settlements of loans or credit cards, delayed payments or overdue amounts, and unpaid loans. If your CIBIL score is low, it becomes significantly harder to obtain any type of loan. However, CIBIL scores can be improved,[10] though this process usually takes about 4–8 months. To achieve a good CIBIL score, it is crucial to pay your EMIs and credit card bills on time.[11]

Competition

[edit]

Competitors to TransUnion CIBIL include:

History

[edit]
  • 2000: CIBIL (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.[12]
  • 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.[13]
    • CIBIL Mortgage Check: The first centralized database on mortgages in India.[14]
  • 2011: CIBIL Score is made available to individual consumers.
  • 2016: Transunion acquired 92.1% 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 [15][16]
  • 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[17]

References

[edit]
  1. ^ "Rajesh Kumar - CEO/Managing Director, TransUnion CIBIL Ltd". Bloomberg. Retrieved 24 May 2022.
  2. ^ "India to get three new credit data bureaus". Live Mint. 1 June 2009.
  3. ^ "CIBIL eyes new sectors for growth". Times of India. 20 June 2015. Retrieved 27 October 2017.
  4. ^ "Important of Cibil Credit Score". Credit Vidya. 17 May 2012. Retrieved 8 December 2010.
  5. ^ "How to get Cibil Score Online". CreditVidya. 17 May 2012. Retrieved 8 December 2010.
  6. ^ "How Cibil score check chances of landing a job". freescoreindia. Retrieved 26 December 2015.
  7. ^ Shetty, Mayur (18 April 2017). "Employers add credit score to list of employee background checks". Times of India. Retrieved 6 September 2017.
  8. ^ "About Us." Dun & Bradstreet. Retrieved on 1 October 2012. "HQ info: 103 John F. Kennedy Parkway Short Hills, NJ 07078"
  9. ^ "CIBIL Score: Full Form, What it is? Difference Between Credit Score & CIBIL". Buddy Loan Official Blog. 3 November 2021. Retrieved 5 July 2022.
  10. ^ "How to Improve a Bad CIBIL Score Quickly? -". 14 November 2023.
  11. ^ "Increase CIBIL Score". NewsFrom360.in. 4 February 2024. Retrieved 6 February 2024.
  12. ^ "Everything About : TransUnion CIBIL Limited". Aim Success. 11 July 2022.
  13. ^ "CIBIL and TransUnion launch CIBIL Detect". India Infoline.
  14. ^ "CIBIL and TransUnion launch CIBIL Mortgage Check". Business Standard. 2 September 2010. Retrieved 2 September 2010.
  15. ^ "TransUnion CIBIL launches credit risk ranking for MSMEs". SME Times. 1 March 2017.
  16. ^ "TransUnion CIBIL introduces ranking for MSMEs". Bank Frontiers. 1 March 2017.
  17. ^ "BoI to complete sale of 29.96% stake in STCI Finance by month-end". Financial Express. 29 August 2017. Retrieved 6 September 2017.
[edit]
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