CIBIL detect-Cibil's new database of fraudsters
By Ankit Sharma
Jul 8, 2010
Print    Email    RSS   

CIBIL has come out with new measures to track fraudsters. The Credit Information Bureau has come up with India's first database of fraudsters. This database would enable banks to look into the credit worthiness of customers applying for any kind of financial relationship with them.

The service, said to be a long term one is set to benefit the good lot of customers avail loans at cheaper rates. Afterall, honesty seems to be going to pay the credible customers.

Cibil is already into tracking the repayment history of customers so that banks can judge the repayment capability and intention of a customer before sanctioning him a loan.

The service is named CIBIL detect and and the database has been created with the support of member banks who have furnished the details of frauds occured with them.

The database can be accesses using the name, telephone number, address, date of birth and other details like PAN, passport, driving license, voter's ID etc.

According to CIBIL MD Arun Thukral, "These days good borrowers subsidise the bad borrowers. Interest rates depend on the risks associated. CIBIL Detect will ensure that good borrowers do not pay high interest rates."


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Factors affecting car insurance premium
Converting credit card outstanding into a...
Avoid withdrawing cash from your credit card
An Insight into Credit Card Balance Transfer
South Indian Bank launches Mobile banking...

Wakad ℭall Giℜls Baner [ 09665409218 in...
Wakad ℭall Giℜls Baner [ 09665409218 in...
Wakad ℭall Giℜls Baner [ 09665409218 in...
08196881150 Amritsar Call Girls 08196881150 ,...
CaℒL GiℛℒS In Ludhiana O9915682OO2 EsCoRt In...

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive