BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Credit Information Beureau India Limited(CIBIL) is India‘s leading credit information company gives rating between 300 to 900 is headquartered at
A
Mumbai
B
Delhi
C
Lucknow
D
Gurgaon
E
None
Explanation: 

Detailed explanation-1: -TransUnion CIBIL is a leading provider of credit scores and credit reports in India, serving over 600 million individuals and 32 million businesses. Its services are used by individuals, banks, and other financial institutions to assess creditworthiness and risk when considering loans or other forms of credit.

Detailed explanation-2: -Credit Information Bureau (India) Limited (CIBIL) is a credit bureau or credit information company, engaged in maintaining the records of all the credit-related activities of companies as well as individuals, including credit cards and loans.

Detailed explanation-3: -CIBIL scores can range anywhere between 300 and 900, with 900 denoting maximum creditworthiness. A CIBIL score of 750 or above in your credit report is ideal. It will aid in qualifying you for personal loans and credit cards.

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