CIBIL

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The establishment of Credit Information Bureau (India) Limited, India's first Credit Information Bureau, is an effort made by the Government of India and the Reserve Bank of India to improve the functionality and stability of the Indian financial system by containing NPAs while improving credit grantors' portfolio quality.

CIBIL was promoted by State Bank of India (SBI), Housing Development Finance Corporation (HDFC), Dun & Bradstreet Information Services India Private Limited (D&B) and TransUnion International Inc. (TransUnion) to provide comprehensive credit information by collecting, collating and disseminating credit information pertaining to both commercial and consumer borrowers, to a closed user group of Members.

CIBIL: Current Shareholding The promoters SBI and HDFC divested a part of their stake to other shareholders and the revised shareholding stands as follows:

Shareholder Holding% SBI 10.0% HDFC 10.0% Dun & Bradstreet 10.0% Trans Union 10.0% ICICI Bank 10.0% Bank of Baroda 5.0% Bank of India 5.0% HSBC 5.0% IOB 5.0% PNB 5.0% Union Bank 5.0% Citicorp Finance 5.0% Central Bank 5.0% Stan C k 5.0% Sundaram Finance 2.5% GE Strategic Investments India 2.5% Total 100.0%