What changed
RBI granted Equifax Credit Information Services Pvt. Ltd. a Certificate of Registration to begin credit information business, effective March 26, 2010. This follows a similar registration issued to Experian Credit Information Company of India Pvt. Ltd. in March 2010.
What it means for you
RRBs now have an additional credit information company to partner with for credit data sharing and verification. This expands the credit bureau ecosystem, potentially improving credit assessment and risk management for rural lending.
What you must do
- Acknowledge receipt of this circular to your respective Regional Office.
- Update your records with Equifax's contact details for future credit information services.
- Consider integrating Equifax into your credit assessment processes for better risk evaluation.
Who it affects
All Regional Rural Banks (RRBs), Credit information companies operating in India
When did Equifax receive its Certificate of Registration from RBI?
RBI issued the Certificate of Registration to Equifax on March 26, 2010.
What is the address of Equifax Credit Information Services Pvt. Ltd.?
The company is located at 2nd Floor, Centre Point, Junction of S.V. Road & Juhu Road, Santacruz (West), Mumbai – 400 054.