Question: Which of the following is India’s first credit information bureau to receive permission?
A CIBIL
B Experian
C Equifax
D CRIF High Mark
Answer: CIBIL
| Aspect | Description |
| CIBIL Full form | Credit Information Bureau (India) Limited |
| Year of Establishment | 2000 |
| Headquarters | Mumbai, Maharashtra, India |
| Website | CIBIL Official Website |
| Significance | India’s first credit information bureau (CIC) responsible for collecting, maintaining and providing credit information on individuals and businesses. |
| Credit reports | Provides credit reports and credit scores to lenders, financial institutions and consumers to assess creditworthiness and make informed lending decisions. |
| Regulated by | Regulated and authorized by the Reserve Bank of India (RBI) and governed by the Credit Information Companies (Regulation) Act, 2005. |
| Data collection | Collects and maintains data related to credit history, repayment behavior, and outstanding loans. |
| Beneficiaries | Assists lenders and financial institutions in making responsible lending decisions. |