Question

    Which of the following is a Credit information companies

    (CIC) that provides credit score 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

    The RBI has authorized companies which have registered under the  ‘ The Credit Information Companies (Regulation) Act, 2005’ to provide a credit score on individuals based on their credit history reported by various member banks and credit institutions. The CICs include:  

    • Transunion CIBIL  
    • Equifax Credit Information Services Private Limited.   
    • Experian Credit Information Company of India Private Limited.   
    • CRIF High Mark Credit Information Services Private Limited   

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