ATLANTA — Equifax Inc. announced that the Reserve Bank of India awarded a license for Equifax Credit Information Services Private Ltd., Equifax said. Equifax’s partners in the joint venture are Bank of Baroda; Bank of India; Kotak Mahindra Prime Ltd.; Religare Finvest Ltd.; Sundaram Finance Ltd.; and Union Bank of India.

Equifax, which provides credit information on individual consumers as well as businesses, said the venture will offer “a broad range of credit information solutions nationwide.”  Equifax currently operates in the U.S. and 14 other countries.  Shares of Equifax rose 40 cents to $36.49 in midday trading. The stock earlier set a new year high of $36.63, eclipsing a prior peak of $36.19.  Source:  Press Reports

BIIA Newsletter April I – 2010 Issue