Documente Academic
Documente Profesional
Documente Cultură
Sudindra V R
1. INTRODUCTION TO CIBIL
The first credit information company in India started in the year August 2000, named
CIBIL-Credit Information Bureau (India) Limited and launched its operations in 2004.
CIBIL was created to evaluate and make credit decision of individual loan application in
India. CIBIL consists of two products, Credit Information Report and CIBIL Transunion
score. Credit bureau works as a central repository, which contains the commercial and
consumer retail borrower credit history. It helps both consumer and lender to reduce credit
life cycle, secure faster credit and at a better return. Share holding pattern of CIBIL
includes: 55% Trans Union International Inc. and remaining 45% held by Bank of Baroda,
Union bank, Indian overseas bank, ICICI bank, HSBC, SBI and India Info line.
3. CREDIT SCORE:
To analyze the credit and financial health of individuals credit score plays important role.
Credit score is the CIBIL Transunion score consist of 3 digit numerical which summarizes
the credit history of consumer or commercial borrower. The score ranges from 300 to 900,
higher the credit score stronger the credit profile, lower the credit score least credit worthy
profile. In some cases score can be 0 or -1. -1 score is returned for No hit or subject with
only enquires and 0 is returned for subject where the earliest open trade is less than six
months old.
300 is the worst score with bad credit health, where the lending institution will
refuse to provide financial assistance.
Below 700 denotes bad credit, poor understanding of finance and possibly over
indulgence and individual needs to improve on his credit management.
700 and above is good score, well managed credit transaction, understanding the
fianc and which can attract lender very easily.
7. REFERENCES:
Neetu , A study of awareness about CIBIL and credit information reports among
customers at commercial banks, International Journal of Research Aspects of
Engineering and Management , ISSN: 2348-6627, Vol. 1, Issue 1, FEB 2014, pp.
29-34
Dr. A. Vinayagamoorthy and M. Somasundaram, A Study on Personal Loan in
India, GRA - GLOBAL RESEARCH ANALYSIS, Vol 2. Issue 5, May 2013 , ISSN
2277 8160
Shiv Kukeja, CIBIL Credit Score Negative Factors and Ways to Improve your
Score, OneMint, 14/08/2012
Article, Credit score below 700 is dangerous for you, Article published by
IndiaInfoline.
Creditvidya.com, Five Factors That Impact Your Cibil Score, 14th sep 2014
www.cibil.com