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).
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.
Business entities can now access their credit report directly from CIBIL to see where the company stands in the financial life cycle and identify critical areas that need improvement to further enhance its credit worthiness and improve the eligibility for financing.
CIBIL’s membership base now crosses 500 which comprise of over 200 cooperative banks
Pune, April 13, 2011: To expand its membership base and encompass cooperative banks in its fold, CIBIL – India’s leading Credit Information Company, today announced its association with four leading cooperative bank associations across Maharashtra. These include Kolhapur Zilla Nagari Banks Sahakari Association, Pune Zilla Nagari Sahakari Banks Association, Ahmednagar Zilla Nagari Banks Association and Satara Zilla Nagari Sahakari Banks Association.