Anantharaman is new TransUnion Cibil chairman

Why TransUnion Cibil in news?

V Anantharaman, a seasoned banker with extensive experience in the banking industry, has been appointed as the non-executive chairman of credit bureau TransUnion CIBIL. Anantharaman has held leadership positions in corporate and investment banking teams at renowned international firms such as Standard Chartered Bank, Credit Suisse, Deutsche Bank, and Bank of America.

Anantharaman holds a post-graduate diploma in business management from XLRI and a bachelor’s degree in engineering from Jadavpur University. He has also served as a senior advisor to British International Investment (formerly CDC), which is the UK’s Development Finance Institution.

In addition to his new role, Anantharaman serves on the boards of The Indian Hotels Company Limited, Axis Asset Management Company, IIFL Home Finance Ltd, and Ecom Express Ltd. He also provides advisory services to Lighthouse Funds, a mid-market private equity firm focused on consumer and healthcare sectors. Anantharaman takes over from Mr. M V Nair, who has stepped down after more than eleven years as the chairman.

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All about the TransUnion CIBIL

TransUnion CIBIL Limited is a credit information company operating in India. It maintains credit files on over 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is part of TransUnion, an American multinational group.

TransUnion CIBIL was founded in 2000 and is headquartered in Mumbai, India. The company’s mission is to “provide accurate and comprehensive information to help businesses make informed decisions and consumers build their financial future.”

TransUnion CIBIL collects data on credit accounts, loans, and other financial information from lenders and other financial institutions. The company then uses this data to create credit reports and scores for individuals and businesses. Credit reports and scores are used by lenders to assess the risk of lending money to borrowers.

TransUnion CIBIL’s products and services include:

Credit reports: A credit report is a document that summarizes a person’s credit history. It includes information on loans, credit cards, and other debts, as well as payment history and other details.
Credit scores: A credit score is a number that lenders use to assess the risk of lending money to a borrower. Scores range from 300 to 900, with a higher score indicating a lower risk.
Credit monitoring: Credit monitoring is a service that alerts borrowers to changes in their credit report, such as new accounts, inquiries, or late payments.
Dispute resolution: TransUnion CIBIL offers a dispute resolution service that helps borrowers correct errors on their credit reports.

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