The State Bank of India has signed a membership agreement to contribute data to Experian’s Indian credit bureau. The State Bank of India is the largest consumer lender in India and the addition of its credit data will further increase the Experian credit bureau’s data coverage and enhance the effectiveness of company’s range of products and services.
The State Bank of India was a co-initiator of CIBIL, which was India’s first credit bureau. The addition of the State Bank of India as a contributor of data and user of the credit bureau represents a significant boost to Experian’s operations in India.
Source: Experian Press Release