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    Cibil

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    cimr33
    CIBIL (Credit Information Bureau of India Limited) is India's primary credit bureau that maintains credit records of both individual and commercial borrowers. It provides credit reports to lending institutions like banks to help them make informed lending decisions. CIBIL collects financial data from its member organizations including banks, NBFCs, and other financial institutions to compile credit information reports on loan seekers' payment histories and other identification details, but not income or asset details. This allows lenders to assess borrowers' creditworthiness more accurately and efficiently.

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    Cibil

    Uploaded by

    cimr33
    17 views11 pages
    CIBIL (Credit Information Bureau of India Limited) is India's primary credit bureau that maintains credit records of both individual and commercial borrowers. It provides credit reports to lending institutions like banks to help them make informed lending decisions. CIBIL collects financial data from its member organizations including banks, NBFCs, and other financial institutions to compile credit information reports on loan seekers' payment histories and other identification details, but not income or asset details. This allows lenders to assess borrowers' creditworthiness more accurately and efficiently.

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    CIBIL(CREDIT INFORMATION BUREAU OF INDIA LIMITED )

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    CIBIL (Credit Information Bureau of India Limited) is India's primary credit bureau that maintains credit records of both individual and commercial borrowers. It provides credit reports to lending institutions like banks to help them make informed lending decisions. CIBIL collects financial data from its member organizations including banks, NBFCs, and other financial institutions to compile credit information reports on loan seekers' payment histories and other identification details, but not income or asset details. This allows lenders to assess borrowers' creditworthiness more accurately and efficiently.

    Copyright:

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    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    17 views11 pages

    Cibil

    Uploaded by

    cimr33
    CIBIL (Credit Information Bureau of India Limited) is India's primary credit bureau that maintains credit records of both individual and commercial borrowers. It provides credit reports to lending institutions like banks to help them make informed lending decisions. CIBIL collects financial data from its member organizations including banks, NBFCs, and other financial institutions to compile credit information reports on loan seekers' payment histories and other identification details, but not income or asset details. This allows lenders to assess borrowers' creditworthiness more accurately and efficiently.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 11

    CIBIL

    CIBIL (Credit Information


    Bureau of India Limited)
    Credit Information Bureau of India Limited or
    CIBIL is the data keeper of the credit record of
    borrowers

    It provides financial information about the


    credit history of the loan seekers to the
    lending institutions like banks.
    Need For CIBIL
     
    Members of CIBIL
    Banks, Financial Institutions, State Financial
    Corporations, Non-Banking Financial
    Companies, Housing Finance Companies and
    Credit Card Companies are Members of CIBIL.
    Whose financial record is maintained by CIBIL?
    CIBIL maintains the financial records of two categories
    of borrowers such as;
        Commercial borrower
        Individual borrower
    Commercial borrower
    Commercial borrowers are those who are seeking loan for project
    financing and institutional capital needs. This category includes
    corporate, SME and MNC.

    Individual borrower
    Individual borrower are those who are seeking loan for
    personal needs like construction of home, personal
    and education expense.
    Credit Information Report (CIR)
    Credit Information Report (CIR) is a report card of
    factual records provided by member group to the CIBIL.
    Its purpose is to help credit grantors make informed
    lending decisions – accurately and speedily.

    Basic borrower information such as;


         Name
         Address
    In case of individuals
           Identification numbers
           Passport ID
           Date of birth
           Voters ID
    In case of non-individuals
           Registration Number
           Legal Constitution
    The CIR does not contain
    • ·         Income / Revenue details
    • ·         Amount(s) deposited with the bank
    • ·         Details of borrowers' assets
    • ·         Value of asset(s) mortgaged
    • ·         Details of investment
    CIBIL credit information collection method   
    • CIBIL maintains a central database of borrowing
    activities of institution’s retail product customer.
    CIBIL collects commercial and consumer credit-
    related data and use the same to create and
    distribute comprehensive credit reports to its
    institution members. In this way lending
    institutions are successful in getting the bird
    eye’s view of credit history of particular
    spreading across different enterprises.

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