Equifax credit information services is soon coming up with nine new products which would help banks in managing their portfolios better. The products would also aid banks in better theft identification in the coming 18 months in India.

Equifax credit information services is a credit bureau like CIBIL and is the outcome of a JV between US-based information solutions company Equifax and three banks - Bank of India, Union Bank of India, and Bank of Baroda - and non-banking finance companies - Kotak Prime, Sundaram Finance and Religare Finvest Ltd.

Currently it has a record base of more than 6 crores and has 100 members. It came into operation in the year September 2009.

The product portfolio is currently under testing by some selected banks. The product has been so designed that it will generate alerts to the bank the moment a customer is identified to be over leveraged or in case he seeks for more loans.

It is also possible to segmentise the portfolio management . This would help banks to compare data based on different geographic locations such as how is a particular loan product performing in one region as compared to its performance in some other.