Many readers have posed Authentic Questions to Us being the leading publication on Credit Bureau and Card industry in India. One of the readers asked me – Can CIBIL data be used for marketing ? Does CIBIL produce some information reports ?
By law [Credit Information Companies Act, 2005 2006] neither CIBIL nor any other Credit Bureau operating in India cannot use their data repository for soliciting business or for marketing purposes.
However, CIBIL, based on its significant database, has been helping banks profile customers in several new geographies. For eg, if a bank wants to do retail business in a certain region, CIBIL can generate