The Credit Information Bureau and Credit Registry of Securitisation Asset Reconstruction & Security Interest of India (CERSAI) have entered into a memorandum of understanding for linking their websites.
A lender (public and private sector bank) will be able to access the credit score of the borrower and the encumbrance status of the property given in as security through a common window of CERSAI.
The memorandum of understanding was signed in the presence of Mr. D K Mittal, Secretary, Department of Financial Services by Mr. Arun Thukral, Managing Director of CIBIL and Mr. Ashok Kumar Ralhan, Chief operating officer of CERSAI.
Credit Information Bureau (India) provides credit scores for individuals, firms and companies for facilitating credit decisions by all the public and private sector banks.
CERSAI manages the central registry and the portal for parking of information and data relating to the mortgage transactions.