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RBI licenses High Mark Credit Information Services

Current · Source: Reserve Bank of India · RBI/2010-11/301 · issued 07 Dec 2010 · ~1 min read
Quick answerRBI has issued a Certificate of Registration to High Mark Credit Information Services Pvt. Ltd., authorizing it to operate as a credit information company. Co-operative banks must now submit data to this new CIC as per existing guidelines.
The rule, in the simplest words
How it plays out — a real example

A co-operative bank branch officer in Indore, working at a state co-operative bank, must update their data submission processes to include High Mark Credit Information Services Pvt. Ltd. and ensure timely and accurate data sharing to support better credit assessment and risk management for lenders.

What changed

RBI granted a Certificate of Registration to High Mark Credit Information Services Pvt. Ltd. on November 25, 2010, allowing it to commence credit information business. This adds a new credit information company to the list of entities co-operative banks must report data to.

What it means for you

Co-operative banks now have an additional credit information company to share borrower data with, enhancing credit reporting coverage. This supports better credit assessment and risk management for lenders. Banks must ensure timely and accurate data submission to all registered CICs.

What you must do

Who it affects

State Co-operative Banks, Central Co-operative Banks, Credit Information Companies

❓ Common questions

What is the effective date for High Mark's registration?

The Certificate of Registration was issued on November 25, 2010, and the circular was released on December 7, 2010.

Do we need to change our existing data submission process?

Yes, you must now include High Mark Credit Information Services Pvt. Ltd. as a recipient of credit data, in addition to other registered CICs.

📜 Read the original circular — full text as issued by RBI
RBI/2010-11/301 RPCD.CO.RCB.BC.No.33/07.40.06/2010-11 December 7, 2010 All State and Central Co-operative Banks Dear Sir, Submission of data to Credit Information Companies Please refer to our circular RPCD.CO.RF.BC.No.17/07.40.06/2010-11 dated September 6, 2010 on the captioned subject. 2. It is advised that, on November 25, 2010, the Reserve Bank has issued ‘Certificate of Registration’ to High Mark Credit Information Services Private Limited to commence the business of credit information. The address of the company is as follows: High Mark Credit Information Services Pvt. Ltd. 402, 4th Floor, Sheil Estate 158, C.S.T.Road, Kalina, Santacruz (East) Mumbai – 400 098 Telephone No: 022-6729 0800 Fax No: 022-6729 0801 3. Please acknowledge receipt to our Regional Office concerned. Yours faithfully, (B.P.Vijayendra) Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/301 · issued 07 Dec 2010. The plain-English explanation above is BankPulse’s own independent summary.
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Topics: Co-operative Banks
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Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (State Co-operative Banks, Central Co-operative Banks, Credit Information Companies), your first concrete step on “RBI licenses High Mark Credit Information Services” is: “Update your data submission processes to include High Mark Credit Information Services Pvt. Ltd.” (RBI issued this 07 Dec 2010).

  1. Circular: RBI/2010-11/301 -- RBI licenses High Mark Credit Information Services
  2. Issued: 07 Dec 2010
  3. Action required: Update your data submission processes to include High Mark Credit Information Services Pvt. Ltd.
  4. Action required: Verify the company's contact details and establish data-sharing protocols.
  5. Action required: Acknowledge receipt of this circular to your respective Regional Office.
  6. Action required: Ensure compliance with all existing credit information reporting requirements.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6134&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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