IMPORTANT POINTS ABOUT CIBIL

                                                   IMPORTANT POINTS ABOUT CIBIL

HEAD QUARTERS : MUMBAI


MD : MR SATISH PILLAI









CHAIRMAN : M.V.NAIR













*Credit Information Bureau (India) Limited is India’s first Credit Information Company (CIC)

*founded in August 2000

*CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards. These records are submitted to CIBIL by member banks and credit institutions, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit credit scores.
based on this score credit institutions evaluate and approve loan applications.

*CIBIL main products are Credit Information Report (CIR) and CIBIL TransUnion Score. these help in determine the eligibilty of applicant.

*An individual with a credit score above 750 has better bargaining power with the lenders, since he is perceived as a responsible borrower.[5] Since consumers can now access their Credit Scores and CIRs directly from CIBIL at the cost of INR 500.

*Hence, CIBIL empowers both loan providers and individuals

Patners :
TransUnion International- a leading global credit bureau with presence in over 30 countries.
Dun and Bradstreet - a leading global provider of credit information and insights on businesses.

Shareholdings:

TransUnion International Inc 55%
ICICI Bank Ltd 10%
State Bank of India 07%
Indian Overseas Bank 5%
The Hongkong and Shanghai Banking Corporation 5%
Union Bank of India 5%
Bank of India 5%
Bank of Baroda 5%
Allahabad Bank 3%

reference : wikipedia