Equifax received license from the Reserve Bank of India
30 Mar 2010
Edition: Mumbai Pg: 03
Equifax, an Atlanta-based information services company, today said it
has received license from the Reserve Bank of India (RBI) to begin
operations in the country.
"We have plans to offer a variety of credit information products
and services with cutting-edge technology," Equifax Managing
Director and Chief Executive Officer Samir Bhatia said.
Equifax India team expects to begin operations shortly, the statement said.
"India is an important market for Equifax. We see immense
potential for credit information services and look forward to bringing
our proven solutions to banks and other financial institutions
there," Equifax Chairman and Chief Executive Officer Richard
Equifax, as part of a joint venture with six leading Indian financial
institutions of the country-- Bank of Baroda, Bank of India, Kotak
Mahindra Prime, Religare Finvest, Sundaram Finance and Union Bank of
India -- intends to offer information products and services, including
credit information reports, scores and analytics and collection
Equifax has operations in over 14 countries. Equifax, a global leader
in information solutions, empowers businesses and consumers with
information they can trust. It provides consumer and commercial data,
along with advanced analytics and proprietary technology.