Introduction• India’s first Credit Information Company

• Repository of information

• Database Size – 17 Cr consumer & 65 lakhs company records

• Relationship of close interdependence

• Principle of Reciprocity

• Empowered by CICRA (2005) & RBI

EVOLUTION• Asian Crisis – 1997

• Banks were flushed with liquidity

• Traditional Financial Institutions

• Banks and RBI

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Mission / Vision

Members• Banks

• Financial Institutions

• Non Banking Financial Companies

• Housing Finance Companies

• State Financial Companies

• Credit Card Companies

CIBIL• Collects, Collates and Disseminates credit information

• Information is supplied by members on monthly basis

• Generate Credit reports and Credit scores on request

• To help lenders decide upon the loan approval

Products1. Credit Information Report• Month-on-Month record of your loan-related EMI payments• Does not include investment or saving details• Personal Information• Account Information• List of your ‘Enquiries’

Products2. CIBIL TransUnion Score

• Is a 3-digit score ranging 300 – 900• Derived by using ‘Accounts’ & ‘Enquiries’ of CIR• Indication of ‘Probability of default’

• Factors affecting score• Late payments or Defaults• High utilization of credit limits• Volume of unsecured loans• Seeking excessive credit

Products3. CIBIL TransUnion Mortgage check

• Repository of Mortgage Information• Consulted by National Housing Bank• Information on properties against which owners have availed

loans• To exercise stronger due diligence • Reduce fraudulent transactions

o Multiple loans against same property

TransUnion• About

• Provides solution to approximately 45000 customers

• 500 Millions consumer

• Currently operating in 30 countries

• In India since 2001

• Stakeholder in CIBIL with 66.1% share

Benefits

For Credit Grantor:

• Quality of Information

• Assists in evaluating and monitoring repayment ability and

payment diligence.

• Lowers default list by assisting credit grantors improve their

credit portfolio.

• Allow credit grantors to price the risk appropriately.

Benefits

For Borrowers:

• Provide faster access to credit

• Reduces cost of borrowing for borrowers with good credit

records

• Encourage borrowers to maintain greater self disciplined in

acquiring financial commitments

• Allow borrowers to build reputational collateral by following

correct repayment behaviour