GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which organization provides credit history of the borrowers?
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CII
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IRDA
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FRBI
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CIBIL
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Explanation:
Detailed explanation-1: -Credit Information Bureau (India) Limited (CIBIL) is India’s first credit information bureau. It is a repository of information, which contains the credit history of commercial and consumer borrowers.
Detailed explanation-2: -TransUnion CIBIL and Ministry of Statistics & Programme Implementation (MoSPI) launch MSME Credit Health Index.
Detailed explanation-3: -As India’s first Credit Information Company (CIC) or Credit Bureau, CIBIL’s products and services have led to a significant change in the functioning of the financial sector, both for the banks and the consumers.
There is 1 question to complete.