Age, salary and loan history to decide credit rating soon. The Credit Information Bureau (India) Ltd., set up by Citigroup Inc., ICICI Bank Ltd. and other banks, is soon going to evaluate ages, salaries and existing loans, to assign individual ratings.
Starting November, the banks will be able to check the creditworthiness of 100 million borrowers before extending fresh loans. This is expected to reduce the rising cases of defaults.
Post Footer automatically generated by wp-posturl plugin for wordpress.
Related posts:
ok, if any individual wants to see his/her credit history and ratings, who well hlep the individual such details..In united states this can be done online or invididuals bank help to get u the credit report.. How it takes place in INDIA..?
@Nath
You can get your credit report by paying a small fee to CIBIL (Credit Information Bureau (India) Limited).
For more information, please check this link : http://www.cibil.com/accesscredit.htm
Thank you so much Pankaj, I really surprised to know this development, couple of years back i contacted my bank to know about this, unfortunately the bank didn’t provided any help in this regard.