You can directly access your credit report and know exactly what the bank is looking at
Credit bureaus came to India quite late but have grown in a short span of time. On the one hand, credit scores have helped banks and other lending institutions to be more vigilant while disbursing loans and have brought their delinquency rates down. On the other hand, customers have also become careful with loan repayments as they now know that chances of getting a loan again depends on their credit behaviour. Arun Thukral, managing director, Credit Information Bureau (India) Ltd, talks about the journey of credit bureau and score in India till now and the way ahead.