February 21, 2013: Credit Information Bureau (India) Ltd. (CIBIL) today announced that it has won the NASSCOM award for best IT driven Innovation in the Financial Services and Insurance category, for its Direct-to-Consumer initiatives.
CIBIL’s Consumer Relations process was adjudged the best in its category for the innovative approa...
The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) and CIBIL have entered in to a partnership to jointly provide access to banks and financial institutions of the data related to credit worthiness of a borrower in an effort to curb rising property loan fraud and bad debts.
The Economic Times, Pg 21, May 30, 2012.
The credit card economy and the behavior of people have come a full circle in the past five years, from high defaults to smart use of plastic money. “...Today, the CIBIL score plays a key role in deciding the credit line to be given to our customers, a distinct change from solely evaluating credit worthiness based on income,” said Muge Yuzuak, MD & Country Head, Cards & Personal, Citibank India.
The Economic Times, pg 13, Nov 4, 2011 A Guarantor is as much responsible as borrower for loan repayment, by Harshala Chandorkar A friend in need is a friend in deed' goes the age-old saying. Many of us believe this notion when a friend asks for help. But in today's day and age, what one doesn't realise is that these ideas have to be taken with a grain of salt, especially when it comes to financial transactions....
Mumbai, October 12, 2011
Credit Information Bureau (India) Limited (CIBIL), today announced that Shri. M.V. Nair has been appointed as the Chairman of CIBIL. Shri. Nair is currently the Chairman & Managing Director of Union Bank of India and a member on the Management Committee of the Indian Banks Association (IBA).
Commenting on his appointment Shri M. V. Nair has said “CIBIL’s exemplary growth in the last decade as India’s pioneer Credit Information Company is highly commendable. CIBIL has definitely set...
Hindustan Times, pg 13&14, Oct 10, 2011
A cleaner track record will entitle individuals to loans at lower interest rates. Consumers can purchase their credit scores directly from firms such as Credit Information Bureau of India Ltd (CIBIL) to know their specific "credit score." State owned Indian Bank charges lower interest rates from those who opt for "combo" loans that bundle personal loan along with credit for a house and car.
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