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Which of the following is India’s first credit information company?

Question: Which of the following is India’s first credit information company?

A CRISIL

B SMERA

C ICRA

D CIBIL

Answer:  CIBIL

 

Aspect Information
Company Name Credit Information Bureau (India) Limited (CIBIL)
Founded August 2000
Headquarters Mumbai, Maharashtra, India
Founders TransUnion, HDFC, SBI, ICICI Bank, Bank of Baroda, and others
Role Collects, maintains, and provides credit information
Regulatory Authority Regulated by the Reserve Bank of India (RBI)
Credit Score Range 300 to 900
Services Offered Credit reports, credit scores, credit monitoring, credit analysis, etc.
Customers Lenders, financial institutions, individuals, businesses, etc.
Importance Determines creditworthiness and loan approval for individuals and businesses
Impact on Credit Market Significantly influenced the Indian credit industry by introducing standardized credit reporting
Ownership TransUnion owns a significant stake in CIBIL

 

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