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

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
  • + 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 news@moneylife.in


Post Comment

More in Moneylife

Saradha, Speak Asia, QNet, PCMCS Act, direct selling companies, Modi government, chit fund, money circulation schemes, Department of Banking and Financial Services.

Is the Modi govt helping Ponzi, MLMs become legal? +12211 views

TODAY'S TOP STORIES

Post your Comment


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


VIDEOS

Insurance problems: How to get justice from Ombudsman in a cost-effective way

LATEST COMMENT

I want to thank Dr Ariba for helping me get cured of my hiv/aids diseases, for like 4 yrs Now I have been sufferi.. Micheal Roben

MORE

Accumulating debt faster than savings Moneylife Digital Team

SBI cuts home loan interest rates; offers special rates for women 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

What's your say?

Will the cut in diesel price help cool off inflation & lower the govt's subsidy bill?
Yes
No
Can't Say
 
Enter Code : secure code
    change code
VOTE

What you said

Which party would get majority in Maharashtra Assembly Election?

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