BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is the first credit information company in India?
A
CIBIL
B
CARE
C
Experian
D
ICRA
Explanation: 

Detailed explanation-1: -CIBIL-The Credit Information Bureau Limited or CIBIL was founded in the year 2000. It is also the first Credit Information Company of India.

Detailed explanation-2: -TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited) was incorporated based on recommendations made by the RBI Siddiqui Committee. Credit bureau services are launched in India (Consumer Bureau).

Detailed explanation-3: -The Credit Information Bureau (India) Ltd. (CIBIL) was incorporated in 2000 and launched its operations in April 2004.

Detailed explanation-4: -TransUnion CIBIL Founded in the year 2000, TransUnion CIBIL is India’s first and most well recognised credit bureau.

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