Question

    Which of the following is recognized as a Credit

    Information Company (CIC) in India, authorized by RBI to provide credit scores on individuals?
    A CRISIL Correct Answer Incorrect Answer
    B CARE Correct Answer Incorrect Answer
    C ICRA Correct Answer Incorrect Answer
    D CRIF Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Credit Information Companies (CICs) in India are regulated under the Credit Information Companies (Regulation) Act, 2005 and authorized by RBI. They collect and maintain individuals’ and businesses’ credit histories as reported by member banks and financial institutions. The four licensed CICs in India are: 1. TransUnion CIBIL Ltd. 2. Equifax Credit Information Services Pvt. Ltd. 3. Experian Credit Information Company of India Pvt. Ltd. 4. CRIF High Mark Credit Information Services Pvt. Ltd.

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