BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Equifax
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CRIF Highmark
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Credit Information Bureau India Limited
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All of the above
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Detailed explanation-1: -Equifax, TransUnion CIBIL, Experian, and CRIF Highmark are the four credit bureaus that compute credit scores in India. Here are the key differences between them.
Detailed explanation-2: -Most U.S. consumer credit information is collected and kept by the four national traditional consumer reporting agencies: Experian (formerly TRW Information Systems & Services and the CCN Group), Equifax, TransUnion, and Innovis (which was purchased from First Data Corporation in 1999 by CBC Companies).
Detailed explanation-3: -TransUnion CIBIL Founded in the year 2000, TransUnion CIBIL is India’s first and most well recognised credit bureau. CIBIL members in India include all major banks, financial institutions, housing finance companies and NBFCs.
Detailed explanation-4: -These agencies include Equifax, Experian, and TransUnion. Due to the COVID-19 pandemic, many people are experiencing financial hardships.
Detailed explanation-5: -A Credit Bureau Report is a detailed summary of your credit history and payment records from all your credit accounts, including the loans repayment to banks & financial institutions. This information is provided to the bureau by the lenders, NBFCs and creditors.