India
The establishment of Credit Information Bureau (India) Limited (CIBIL), India's first Credit Information Bureau, is an effort made by the Government of India and the Reserve Bank of India to improve the functionality and stability of the Indian financial system by containing non-performing assets (NPAs) while improving credit grantors' portfolio quality.
CIBIL was promoted by State Bank of India (SBI), Housing Development Finance Corporation (HDFC), Dun & Bradstreet Information Services India Private Limited (D&B) and TransUnion International Inc. (TransUnion) to provide comprehensive credit information by collecting, collating and disseminating credit information pertaining to both commercial and consumer borrowers, to a closed user group of Members.
Read more about this topic: Credit Bureau
Famous quotes containing the word india:
“India has 2,000,000 gods, and worships them all. In religion other countries are paupers; India is the only millionaire.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“India is an abstraction.... India is no more a political personality than Europe. India is a geographical term. It is no more a united nation than the Equator.”
—Winston Churchill (1874–1965)
“But nothing in India is identifiable, the mere asking of a question causes it to disappear or to merge in something else.”
—E.M. (Edward Morgan)