Credit Information Bureau (India) Limited or CIBIL is a Credit Information Company (CIC) founded in August 2000. Post Inception, we have come to play a critical role in India’s financial system. Whether it is to help loan providers manage their business or help consumers secure credit faster and at better terms, the use of CIBIL’s products have led to a massive change in the way the credit life cycle is managed by both loan providers and consumers.
CIBIL collects and maintains records of an
individual‘s payments pertaining to loans and credit cards. These
records are submitted to CIBIL by banks and other lenders, on a monthly
basis. This information is then used to create Credit Information
Reports (CIR) and credit scores which are provided to lenders in order
to help evaluate and approve loan applications.
CIBIL empowers both loan providers and individuals to see their world more clearly and hence, take better and more informed decisions.
Shareholding Pattern of CIBIL
- TransUnion International Inc 55%
- ICICI Bank Ltd 10%
- State Bank of India 10%
- Indian Overseas Bank 5%
- The Hongkong and Shanghai Banking Corporation 5%
- Union Bank of India 5%
- Bank of India 5%
- Bank of Baroda 5%
How CIBIL Works
CIBIL empowers both loan providers and individuals to see their world more clearly and hence, take better and more informed decisions.