All lenders have to be members of all credit bureaus. Consumers may see stricter loan screening
In its bid to better the credit information landscape, the Reserve Bank of India (RBI) has directed all credit institutions to become members of credit information companies (CICs). Currently, there are four such companies in India—Credit Information Bureau (India) Ltd (Cibil), Equifax Credit Information Services Pvt. Ltd, Experian Credit Information Co. of India Pvt. Ltd and CRIF High Mark Credit Information Services Pvt. Ltd.