Cibil plans commercial bureau

From "The Telegraph" Kolkatta edn. 17-May-2005

OUR SPECIAL CORRESPONDENT

Mumbai, May 16: Credit Information Bureau India Ltd (Cibil) plans to launch a commercial bureau, which will collate data on the credit records of business enterprises, chief operating officer Arun Thukral said.

“We will try to launch a commercial bureau as soon as possible,” Thukral said.

Cibil will launch the bureau after it has a minimum of 3-4 lakh records on business enterprises, Thukral said.

Cibil currently has a full-fledged consumer bureau of 20 million records. When it started operations last year, the credit information bureau had a database size of 4 million records from 12 members. It now has grown significantly to over 20 million from approximately 30 members.

While Dun & Bradstreet was the technical partner providing knowledge for the consumer bureau, Thukral said the commercial bureau will be supported by Trans Union International.

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Does CIBIl have over 20 million illegally garnered and hacked records? Watch this space.