BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In which year, CIBIL Limited (formerly Credit Information Bureau (India) Limited) was incorporated based on recommendations made by the RBI Siddiqui Committee?

A	2002
B	2000
C	2001
D	2004

Explanation:

Detailed explanation-1: -(CIBIL) was incorporated in August 2000. CIBIL launched its credit bureau operations in April 2004 and its commercial bureau operations in May 2006.

Detailed explanation-2: -CRISIL, India’s first credit rating agency, is incorporated on the 29th day of the month, promoted by the erstwhile ICICI Ltd along with UTI and other financial institutions.

Detailed explanation-3: -TransUnion CIBIL Limited, commonly known as CIBIL, is the leading credit information company (credit bureau) in India.

Detailed explanation-4: -2000: CIBIL (Credit Information Bureau (India) Limited) incorporated. 2004: Credit bureau services are launched in India (Consumer Bureau). 2006: Commercial bureau operations commenced. 2007: CIBIL Score, India’s first generic risk scoring model for banks and financial institutions, was introduced.

There is 1 question to complete.