Question

Which of the following statements is not true regarding

Q: Answer-Which of the following statements is not true regarding CIBIL?

All the statements are true regarding CIBIL.

CIBIL?

A CIBIL is one of the credit rating agencies in India. They also provide information related to credit in India.

B Transunion CIBIL is considered as one of the leading credit information agencies in India. Also, it maintains one of the highest collections of consumer information available globally.

C It also has members from leading financial institutions, banks, NBFC’s, etc. Thus, it also maintains the credit scores of businesses as well as individuals.

D The main objective of CIBIL is to collect the data available for all loans. These loans are availed by individuals across various banks.

E All the statements are true regarding CIBIL

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Solution