Credit Information Companies
₹ 2,000.00 (+ GST)
Credit Information Companies play an important role in the financial system by collecting, maintaining, and sharing credit-related information. This training module is designed to help employees of credit institutions understand what Credit Information Companies are, why they matter, and how their data is used responsibly while making credit related decisions.
Objective of this Course:
By the end of this module, participants will be able to:
- List the credit information companies operating in India
- Describe the key activities of credit information companies.
- Explain the working system of the credit information companies
- Understand the advantages of becoming a member of a credit information company
- Identify the various sections in a consumer and commercial Credit Information Report (CIR).
- Describe the benefits of using CIR for consumers as well as commercial setups
Description
In this course, participants will gain a clear understanding of the Credit Information Companies operating in India and the regulatory framework under which they function. The course explains the role of these companies in collecting credit data from member institutions and maintaining accurate credit records for both individuals and businesses.
The training covers the key activities of Credit Information Companies, including data collection, validation, processing, storage, and reporting of credit information. Participants will understand how credit data flows from banks and NBFCs to Credit Information Companies and how it is compiled into structured Credit Information Reports (CIRs).
The module also explains the working system of Credit Information Companies, detailing how member institutions submit data, how updates are made regularly, and how reports are generated when credit information is requested. This helps learners understand the end-to-end process involved in credit data management.
Special focus is given to the benefits of becoming a member of a Credit Information Company. Participants will learn how membership supports better credit appraisal, reduces credit risk, improves portfolio quality, and helps institutions comply with regulatory expectations.
The course further provides a detailed walkthrough of the different sections of Consumer and Commercial Credit Information Reports (CIRs). Learners will be able to identify and understand key components such as personal or business details, credit accounts, repayment history, outstanding balances, defaults, enquiries, and other relevant indicators.
Overall, this training helps employees involved in credit-related activities use credit information responsibly, accurately, and effectively while adhering to regulatory and ethical standards.
Who Should Take This Training?
- Credit and underwriting teams
- Risk and compliance teams
- Operations staff handling financial data
- Managers involved in credit decisions
- New employees in financial roles
Mode of Training
Self-paced
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