High Mark Credit Information Services Becomes Fourth Credit Information Company In India
High Mark Credit Information Services has became the fourth credit information company in the country to receive ‘Certificate of Registration’ of the Reserve Bank of India (RBI) to o commence the business of credit information.
The other three that in operation are Credit Information Bureau of India (CIBIL), Experian Credit Information Company of India and Equifax Credit Information Services.
Experian started operations in India in August 2010, and Equifax, commenced operations in October 2010 in partnership with Bank of Baroda, Bank of India, Kotak Mahindra Prime Ltd, Religare Finvest Ltd, Sundaram Finance Ltd and Union Bank of India.
In November 2008, RBI allowed foreign direct investment of up to 49% in credit information companies, with a ceiling of 10% of the total voting rights for any single investor group.
Original Source: Banknet India