CIBIL to provide creditor’s contact updates to member banks
CIBIL Location Plus will provide comprehensive information like customer identification details and contact addresses along with the reported dates and all the customer contact numbers to member banks.
Credit Information Bureau (India) Ltd (CIBIL) has said that it has launched a new product, CIBIL Locate Plus, which would help its member banks to get updated contact details of their customers.
"One of the challenges lenders face is keeping updated and accurate contact details on all of their customers. CIBIL Locate Plus leverages the bureau's vast and comprehensive information repository to provide its members with comprehensive contact information faster and more cost effectively,” said Arun Thukral, managing director, CIBIL.
CIBIL's updated information will help credit grantors to reduce downstream data and labour costs by locating the right party earlier across the customer credit lifecycle, the release said.
Finding contact earlier in the collection process, reducing returned mail and minimising outbound calls to disconnected or wrong numbers will positively impact the business productivity and maximize return on investment of the member banks, the release added.
— Yogesh Sapkale firstname.lastname@example.org
More in Moneylife
TODAY'S TOP STORIES
Moneylife Foundation: Maharashtra CM Fadnavis says financial literacy empowers citizens
Grab a Discount Coupon here
- Former chairman of Helios and Matheson among three top executives arrested
- BEL, GAIL, ONGC, NTPC, PNB, SAIL among 32 big PSUs without woman director
- MUDRA Bank: Confusions galore
- New device converts diesel into household fuel for rural India
- Troubled Banks, Beleaguered Customers
- Harassment of taxpayers: CBDT promises action as PM Modi expresses dissatisfaction
What's your say?
What you said
Thanks for casting your votes! View Previous Polls