GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ICRA
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CIBIL
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CARE
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ONICRA
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Detailed explanation-1: -TransUnion CIBIL Limited, commonly known as CIBIL, is the leading credit information company (credit bureau) in India. The key function of CIBIL is to provide a credit report and credit score for individuals and credit rank for companies, which are the decisive factors in getting new credit applications approved.
Detailed explanation-2: -CICs are licensed by the Reserve Bank of India. CIBIL, Equifax, Experian and High Mark Credit Information Services are the well-known CICs in India.
Detailed explanation-3: -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).