- CIBIL Locate Plus: One of the challenges lenders may face is keeping updated and accurate contact details on all of their customers. CIBIL Locate Plus leverages CIBIL’s vast and comprehensive information repository to provide you with comprehensive contact information on your customers in a faster and more cost effective fashion.
- CIBIL Detect: CIBIL Detect is the first, centralized repository in India on fraudulent activities. This repository is helping banks and financial institutions to share information on potentially high risk customers, minimize frauds thus improving profitability.
- CIBIL Mortgage Check: To address the need for a strong information-sharing network for controlling and containing defaults and fraudulent transactions in the housing finance industry, CIBIL and TransUnion launched CIBIL Mortgage Check which is India’s first repository of mortgage information. It contains the centralized electronic database on mortgages in India which will help banks and financial institutions to share and access mortgage information, exercise stronger due diligence, and reduce fraudulent transactions.
- Bureau Credit Characteristics (BCC): Bureau Credit Characteristics is a list of predefined characteristics that summarize various aspects of a customer’s credit information. The set comprises 258 credit characteristics which can be used for model development, data analysis, customer profiling, migration analysis and a variety of other account management analyses.
- CIBIL Market Insights: These reports are designed to provide an overview of the credit market basis geographic, demographic and behavioral borrowing trends. By profiling their customer base across various dimensions, benchmarking their performance with the market and identifying their strengths and weaknesses organizations can take proactive corrective decisions and enhance business growth.
- Consumer Credit Information Report (CIR): This is CIBIL’s core offering based on the vast information database pertaining to individual borrowers. Consumer Credit Information Report (CIR) is a vital tool used by credit grantors at the time of new customer acquisitions.
- Portfolio Review Report: Portfolio Review Report is an extremely effective tool for credit grantors to review the risk associated with their existing portfolio of customers. The report provides the credit grantor with a comprehensive view of their borrower’s credit relationships across multiple lenders.
- CIBIL TransUnion Score: The CIBIL TransUnion Score is India’s first generic score and has become the most trusted indicator for prudent decision making by credit grantors. With the CIBIL TransUnion Score, the credit grantor can effectively predict the likelihood of an applicant becoming more than 91 days delinquent on one or more tradelines over the subsequent 12 months.
- CIBIL TransUnion Personal Loan Score: The CIBIL TransUnion Personal Loan Score is the first and only score for the Indian market to predict the likelihood of an applicant or customer becoming more than 91 days delinquent on a personal or consumer loan over the next 12 months.
Sunday, July 31, 2011
Various products and financial solutions offered by CIBIL
Giving out free credit cards not viable: says SBI
Issuance of free credit cards is a risky affair. According to MD and CFO of State Bank of India, Mr Diwakar Gupta, the credit cards should be issued against a fee so that the cardholders only belong to the segment which values the card. "Don't push (free) cards for the sake of increasing numbers," he said.
Female shoppers offer growth in India
Female shoppers in India are becoming increasingly affluent and independent, offering considerable opportunities for brands, a study has argued.
IMRB International, the research firm, surveyed 9,000 women aged at least 25 years old and all drawn from India's major cities. It reported that women in urban India earned an average of 9,457 rupees ($215; €148; £131) per month in 2010, compared with 4,492 rupees in 2001. Largely reflecting this shift, typical household income levels rose from 8,242 rupees to 16,509 rupees during the same period.
Elsewhere, the number of participants possessing a credit card reached 10%, measured against 4% in 2001.
Similarly, the amount of contributors with their own bank account has grown by a third, according to IMRB. In a parallel development, 43% of interviewees are now directly involved in the purchase process, an improvement on 34% in 2001. Across this timeframe, the proportion of females taking almost sole responsibility for doing housework also fell from 91% to 71%.
"With the average income of women and of urban households increasing over the years the propensity to spend has also gone up significantly," Ashish Karnad, group business director, IMRB International, told the Times of India. "Although, there is a strong sense of deriving value for money out of all purchases made, the thought of putting all of the household income into savings is slowly diminishing."
Gopal Vittal, executive director, home and personal care products, for Hindustan Unilever stated the potential benefits of successfully engaging this audience are rapidly increasing. "With rising incomes and education there is a profound impact on consumption. The rates of growth of several discretionary categories are nothing short of dramatic as a result," he said.
It is estimated that a third of India's 480m jobs are filled by women, and many companies are tailoring their approach towards this demographic.
"We have aligned our strategy, communication and products to women," said Kishore Biyani, founder of Future Group, which owns major retail chains such as Pantaloon and Big Bazaar. "With the growing aspirations and financial independence of women not only in urban India but in tier two and tier three cities, women are at the core of our business." "The woman today is buying for herself and for her family.
Tanya Dubash, executive director and president, marketing for Godrej Industries, a conglomerate active in sectors from confectionery to personal care, also championed this idea. "There remain very few areas of consumption in which the female does not increasingly participate today. Most household purchase decisions are either joint or exclusively female," she said. "Like in the West, marketing approaches and brand experiences in India will increasingly need to be designed around these insights."
IMRB International, the research firm, surveyed 9,000 women aged at least 25 years old and all drawn from India's major cities. It reported that women in urban India earned an average of 9,457 rupees ($215; €148; £131) per month in 2010, compared with 4,492 rupees in 2001. Largely reflecting this shift, typical household income levels rose from 8,242 rupees to 16,509 rupees during the same period.
Elsewhere, the number of participants possessing a credit card reached 10%, measured against 4% in 2001.
Similarly, the amount of contributors with their own bank account has grown by a third, according to IMRB. In a parallel development, 43% of interviewees are now directly involved in the purchase process, an improvement on 34% in 2001. Across this timeframe, the proportion of females taking almost sole responsibility for doing housework also fell from 91% to 71%.
"With the average income of women and of urban households increasing over the years the propensity to spend has also gone up significantly," Ashish Karnad, group business director, IMRB International, told the Times of India. "Although, there is a strong sense of deriving value for money out of all purchases made, the thought of putting all of the household income into savings is slowly diminishing."
Gopal Vittal, executive director, home and personal care products, for Hindustan Unilever stated the potential benefits of successfully engaging this audience are rapidly increasing. "With rising incomes and education there is a profound impact on consumption. The rates of growth of several discretionary categories are nothing short of dramatic as a result," he said.
It is estimated that a third of India's 480m jobs are filled by women, and many companies are tailoring their approach towards this demographic.
"We have aligned our strategy, communication and products to women," said Kishore Biyani, founder of Future Group, which owns major retail chains such as Pantaloon and Big Bazaar. "With the growing aspirations and financial independence of women not only in urban India but in tier two and tier three cities, women are at the core of our business." "The woman today is buying for herself and for her family.
Tanya Dubash, executive director and president, marketing for Godrej Industries, a conglomerate active in sectors from confectionery to personal care, also championed this idea. "There remain very few areas of consumption in which the female does not increasingly participate today. Most household purchase decisions are either joint or exclusively female," she said. "Like in the West, marketing approaches and brand experiences in India will increasingly need to be designed around these insights."
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