Which of the following is India’s first credit information bureau to receive permission?

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.