“Risk Index” to facilitate banks in extending loans soon: CIBIL

Credit Information Bureau (India) Ltd (CIBIL) is likely to bring in a “Risk Index” that will assist country’s banks in making faster decisions on extending loans to corporates and business houses.

Banks would be able to gauge the potential of a company in servicing its loan by looking at its position in the index.

The Risk Index:

  • The Risk Index will be in the form of a score ranging from 300 to 900, a glance of which will provide the Bank the credit history of the respective companies.
  • While Banks, currently, take the help of credit rating agencies who provide a broader picture of the risk profile of the company on the basis of their trade data and balance sheets, the Risk index will assist lenders analyze the profile of business establishments.

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2 Comments

  1. Baalachandran Narayan

    August 6, 2013 at 3:34 pm

    My application was rejected. Credit Sudhaar was my choice. Initially they were slow. But their counsellors were able to handle all my queries. I will give Credit Sudhaar a positive review.

  2. Mehul Dave

    October 22, 2013 at 11:10 am

    My loan application was rejected. Credit Sudhaar was my choice. Initially they were slow. But their counsellors were able to handle all my queries. I will give Credit Sudhaar a positive review.

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