BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is India’s first Credit Information Company?
A
CRISIL
B
CIBIL
C
SMERA
D
CERSAI
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: -Credit Information Bureau (India) Limited (CIBIL) is India’s first credit information bureau.

Detailed explanation-3: -Now known as TransUnion CIBIL Limited, CIBIL previously known as Credit Information Bureau (India) Limited came into existence in August, 2000 in the financial capital of India, Mumbai. Launched as India’s first Credit Bureau, CIBIL came into consumer operations in 2004 and into commercial credit operations in 2006.

Detailed explanation-4: -Notes: Credit Information Bureau Limited (CIBIL) is the first Credit Information Company in India. It was founded in August 2000.

Detailed explanation-5: -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).

There is 1 question to complete.