Tuesday, March 15, 2016

CIBIL rolling out info about first-time borrowers

Credit Information Bureau (India) has designed a credit risk assessment system to gauge first-time
borrowers, according to MV Nair, Chairman, CIBIL. The system which now has a significant database of credit history, from micro finance institutions, traders and self-help groups, can give huge insights to financial institutions which are seeing a growing number of people "new to credit".

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