Connect with Us
Moneylife - Facebook Moneylife - Twitter Moneylife - Linkedin Moneylife - Youtube Moneylife Rss feed

Moneylife » Personal Finance » Loans » CIBIL to provide creditor’s contact updates to member banks

CIBIL to provide creditor’s contact updates to member banks

    • 0 Comments, Be the first to comment

14/10/2009 12:54 PM | 

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

Post Comment

More in Moneylife

Indirect tax collection up; but no room to spend extra +342 views


Post your Comment

Alert me when new comment is posted on this article
 Please read our Moderation Policy and Terms of Use before posting


How Safe Is Your Building


Shame to RBI and the people of India. Samar Chatterjee


Dedicated portal for education loans, scholarships IANS

ICICI Bank cuts home loan rates by 0.25% Moneylife Digital Team

Be the first to comment
Daily Newsletter

1,00,000 Readers

Follow Moneylife
DNL facebook icon DNL linked in icon DNL twitter icon DNL youtube icon DNL rss icon
Moneylife Magazine

Grab a Discount Coupon here

What's your say?

Will Digital India help connect government with the unconnected?
Can't Say
Enter Code : secure code
    change code

What you said

Will the RBI cut rates in its monetary policy review on 29th Sept 2015?

Thanks for casting your votes! View Previous Polls

Join Over 100,000 Awesome Readers

  1. News that Mainstream media does not always cover
  2. Views that are bold and unbiased
  3. Reports that focus on your interests as consumer, investor & citizen