Credit Information Bureau (India) Ltd (CIBIL)
is planning to introduce a “Risk Index” that will help the country’s
banks in making quicker decisions on extending loans to corporates and business
houses. Banks would soon be in a position to ascertain the ability of a company
to service its loan by looking at its position in the index.
The Risk Index will be in the form of a score
ranging from 300 to 900 and will give a quick snapshot
of the credit history of the respective companies.
CIBIL managing director Arun Thukral said.
The “Risk Index” provides information of the risk profile of the company
and individual borrowers on the basis of their trade data and balance
sheets. This Information will helpful to financial institutions and banks
to take decisions in respect of credit cards and home loans. “Any individual
with over 750 score can be considered as good,”
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