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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

      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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