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Equifax received license from the Reserve Bank of India

Equifax received license from the Reserve Bank of India

30 Mar 2010
Financial Chronicle

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 Smith said.

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 management services.

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.