RESERVE BANK OF INDIA___________________

______________________ RESERVE BANK OF INDIA____________________

www.rbi.org.in

Rural Planning & Credit Department Central Office, 10

Floor, Central Office Building, post box no. 10014

Mumbai -400 001

Tel No: 91-22-22601000 /Fax No: 91-22-22621011/22658273/22658276 Email ID:[email protected]

RBI/2010-11/191

RPCD.CO.RF.BC.No.17/07.40.06/2010-11 September 6, 2010

All State and Central Co-operative Banks

Dear Sir,

Submission of data to Credit Information Companies

Please refer to our circular

RPCD.CO.RF.BC.No.44/07.40.06/2009-10 dated December

1, 2009 on the captioned subject.

2. We advise that apart from Credit Information Bureau of India Ltd., (existing credit

information company in operation since January 2001), the Reserve Bank of India has

issued certificate of registration to Experian Credit Information Company of India Pvt.

Ltd. and Equifax Credit Information Services Pvt. Ltd. on February 17, 2010 and March

26, 2010 respectively to commence the business of credit information. The addresses

and other details of the companies are given below:

(i) Credit Information Bureau (India) Ltd.

Hoechst House, 6th floor,

193, Backbay Reclamation,

Nariman Point, Mumbai – 400 021

Tel. No. 022-66384600

Fax No. 022-66384666

(ii) M/s Experian Credit Information Company of India Private Ltd.

Platina, 9th Floor, C-59, G Block

Bandra Kurla Complex,

Bandra East, Mumbai 400051

Tel. No. 022-39530851

Fax No. 022-39530605

(iii) Equifax Credit Information Services Pvt. Ltd.

2nd Floor, Centre Point

Junction of S. V. Road and Juhu Road

Santacruz West

Mumbai 400 054

Tel. No. 022-42375600

Fax No. 022-42375601

3. In terms of sub-sections (1) and (2) of Section 17 of the Credit Information

Companies (Regulation) Act, 2005, a credit information company may require its

members to furnish credit information as it may deem necessary in accordance with the

provisions of the Act and every such credit institution has to provide the required

information to that credit information company. Further, in terms of Regulation 10(a) (ii)

of the Credit Information Companies Regulations, 2006, every credit institution shall:

(a) keep the credit information maintained by it, updated regularly on a monthly basis or

at such shorter intervals as may be mutually agreed upon between the credit institution

and the credit information company; and

(b) take all such steps which may be necessary to ensure that the credit information

furnished by it, is up-to-date, accurate and complete.

4. It is, therefore, advised that banks which have become members of the above credit

information companies may provide them the current data in the format prescribed by

the Credit Information Company. Such banks may also provide historical data in order

to enable the credit information companies to validate their software and develop a

robust database.

5. Please acknowledge receipt to our regional office concerned.

Yours faithfully,

(B.P.Vijayendra)

Chief General Manager