What changed
RBI issued a Certificate of Registration to High Mark Credit Information Services Pvt. Ltd. on November 25, 2010, authorizing it to commence credit information business. This follows earlier registrations for Experian and Equifax.
What it means for you
RRBs are now informed of an additional CIC, High Mark, which may require future data sharing. Banks should review their data-sharing protocols and await further guidance on reporting requirements.
What you must do
- Acknowledge receipt of this circular to your respective Regional Office.
- Review the registration of High Mark Credit Information Services Pvt. Ltd. for potential data submission requirements.
Who it affects
All Regional Rural Banks (RRBs), Credit information companies (CICs) operating in India, Borrowers of RRBs whose credit data will be shared
What is the effective date for High Mark's registration?
The Certificate of Registration was issued on November 25, 2010.
Do RRBs need to report to all three CICs now?
The circular notifies of High Mark's registration; specific reporting obligations are not detailed in this circular.
What is High Mark's contact address?
High Mark Credit Information Services Pvt. Ltd. is located at 402, 4th Floor, Sheil Estate, 158, C.S.T. Road, Kalina, Santacruz (East), Mumbai – 400 098. Phone: 022-6729 0800, Fax: 022-6729 0801.