Equifax, CRISIL (a unit of Standard & Poor’s (S&P)) and TATA Capital have entered into a three-way link-up to apply for a license with the Reserve Bank of India to enter into credit information services in India.  The amazing aspect of the deal is that Equifax’s partners in India do not have any consumer credit information background, nor links to consumer oriented financial services.  CRISIL is a commercial credit rating agency and TATA Group, is heavily engaged in the manufacturing sector.  The whole deal looks more like a move against the market leader in commercial credit, which is D&B India, rather than a move into consumer credit information services.  See more details on pages 11 + 12

BIIA Newsletter February 2008 Issue