The four leading credit information companies in India, regulated and authorized by the Reserve Bank of India (RBI), are:
- TransUnion CIBIL
- Experian
- Equifax
- CRIF High Mark
These companies are also known as credit bureaus. They collect and maintain credit information of individuals and businesses, which is then used to generate credit reports and credit scores. Lenders use this information to assess the creditworthiness of loan applicants.
These credit bureaus play a crucial role in the financial system by:
- Facilitating informed lending decisions.
- Helping individuals monitor their credit health.
- Promoting financial inclusion.
These are essential for understanding the credit landscape and making informed financial decisions.
