Frequently Asked Questions

What should CRIF India Business Rank be used for?

CRIF India Business Rank is a comprehensive Business Rank that expands your ability to evaluate and acquire potential borrowers and monitor existing borrowers.

CRIF India Business Rank could be used for evaluating credit profile of incoming loan applications from Business by checking their Rank and Commercial Risk Score, and also tracking and predicting the existing Business borrowers’ performance.

Who can use CRIF India Business Rank

CRIF India Business Rank can be used by Banking and Financial institutions across the Business customer lifecycle from underwriting to portfolio management and early warning systems. It can also be used by Government bodies, Development Financial Institutions, Rating Agencies and Consulting Firms for enhancing Business Lending insights and decisions.

Within BFSI organizations, CRIF India Business Rank could be a tool for Business Development, Customer Acquisition, Strategy, Product Development, and Analytics Functions for identifying new Business Lending opportunities, developing customized Business offerings, and driving new customer acquisitions. It could also be used by Risk and Policy management teams to define and optimize the investment policies and Risk Exposure processes for Business Lending.

For Government bodies and initiatives, CRIF India Business Rank serves as a tool to understand India’s Business Credit landscape and behaviour, which can enable them to take robust policy and framework decisions and drive their mission to grow Business Credit in India. Consulting organizations could also recommend CRIF India Business Rank to their BFSI clientele for leveraging Business Lending opportunities.

What are the key differentiators of CRIF India Business Rank that make it the most trusted Credit assessment tool for Business?

• CRIF India Business Rank has 4 key differentiators
• 13 Ranks for precise Risk Differentiation
• Commercial Risk Score within each Rank to provide further granularity for superior risk assessment
• Robust decision system based on pillars like repayment behaviour, delinquency credit limit utilization, credit acceleration, credit vintage, and proportion of payment irregularities
• Observation Window of 36 Months of Credit History and Performance Window of 12 Months for enabling predictive intelligence and risk minimization