Multiple choice

The data/information provided by a credit information company to member banks is called

  1. credit information report

  2. credit report

  3. confidential report

  4. confidential credit report (CCR)

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Credit Information Bureau of India Ltd. (CIBIL) consolidates the information on individual borrowers' credit history, sourced from different member credit institutions such as banks, credit card companies and NBFCs, into a single report called the CIR.