FIRMS can now get real-time updates on whether firms they deal with pay on time and have a good credit record, from the newly minted Singapore Commercial Credit Bureau (SCCB).
Microfinance institutions (MFIs) are working with multiple credit bureaus that will enable them share data on borrowers loan histories by April 2011, top industry officials said.
Credit Information Bureau India Limited has entered into an agreement with 31 leading micro finance institutions to set up a credit information bureau for MFIs.
Experian Credit Information Co has received the final approval from the Reserve Bank of India (RBI) to set up a credit bureau in the country, it announced on Thursday. The bureau will have to begin operations within six months.
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