New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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.

    Practice Next