CIBIL is India’s First Consumer Credit Bureau, incorporated in the year 2000 and official business began only in 2004. As per the Credit Bureau Finance Act, All Banks/NBFC/Financial institutions are mandated to submit monthly data on retail loans to any one credit bureau and CIBIL is the Largest in India today.
CIBIL’s Coverage of Consumer Data
CIBIL repository has data from over 800 Financial Institutions covering 135 Million Individuals with 230 Million Accounts being tracked. There is a general perception that CIBIL only covers Metro Areas, however data suggests that only 35% of CIBIL’s retail records are from Top 20 Indian
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