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      Question

      The credit information companies (CICs), or credit

      bureaus are regulated by ______________.
      A SEBI Correct Answer Incorrect Answer
      B RBI Correct Answer Incorrect Answer
      C IRDAI Correct Answer Incorrect Answer
      D Ministry of Finance Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      RBI recently laid down eligibility norms for entities tapping into data from credit information companies (CICs), or credit bureaus. As per the rules, a company must be owned and controlled by resident Indian citizens to become a specified user with a credit bureau.

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