22Jul
What are RBI approved credit bureaus?
Posted by Sebastian Fairbanks in Finance and Banking
In India, RBI approved credit bureaus are organizations that collect and maintain individuals' credit information. They play a crucial role in the financial ecosystem by helping lenders evaluate creditworthiness. Currently, the RBI has given the green light to four credit bureaus: CIBIL, Equifax, Experian, and CRIF High Mark. Their reports often form the basis for approval or rejection of loan applications. As a consumer, it's important to check your credit report periodically to ensure there are no discrepancies.
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