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Cibil ties up with KPMG
Thursday, November 9, 2017, 7:10 AM
With the growing demand for conducting employment credit checks, credit information company TransUnion Cibil tied up with KPMG to provide credit scores and report on employees and candidates to employers. The partnership will also provide business-entities credit reports of their vendors/distributors. "This initiative is aligned with our goal of helping companies and individuals make informed decisions," TransUnion Cibil vice-president Hrushikesh Mehta said.
What Do Credit Information Companies Do?
Thursday, June 15, 2017, 4:51 PM
Credit Information companies provide information to banks on the creditworthiness of customers. Let us say you are a bank and wish to provide a credit card to a customer. You are not sure whether he would be able to repay his outstanding. This is when Credit Information Companies would come into picture. They would provide the concerned bank with all payment-history of the concerned-person.
CEA Subramanian slams global credit rating agencies
Thursday, May 11, 2017, 5:34 PM
Slamming global credit rating agencies for not upgrading India despite clear improvement in its economic fundamentals, Chief Economic Adviser Arvind Subramanian on Thursday said they are following "inconsistent" standards while rating India and China.India has been placed in the lowest investment grade by these agencies which leads to higher cost of borrowing in the global markets due to investor risk perceptions associated with it.
