 "Bhavesh Jain, managing director (MD) and chief executive officer (CEO) of TransUnion Cibil")
Credit institutions (CIs) and credit information companies (CICs), or credit bureaus, have since January this year started updating data fortnightly, moving from a monthly format. This follows the Reserve Bank of India’s nudge for fresher data, given the faster turnaround time in credit underwriting through digital means. Bhavesh Jain, managing director (MD) and chief executive officer (CEO) of TransUnion Cibil, spoke with Raghu Mohan over the phone on the changes expected. Edited excerpts:
Now that credit bureau data is upgraded on a fortnightly basis, how do you think this will change the lending culture?
CIs get fresher data when underwriting
